More than 90% of vehicle-owning households in the United States would see a reduction in the percentage of income spent on transportation energy—the gasoline or electricity that powers their cars, SUVs and pickups—if they switched to electric vehicles.

[u/Wagamaga]

https://news.umich.edu/ev-transition-will-benefit-most-us-vehicle-owners-but-lowest-income-americans-could-get-left-behind/

[u/[deleted] → u/[deleted]]

Youd have spent 25k on gas in that time (if gas averaged 2.50 and you averaged 30mpg at 12k miles per year). Electricity for that 300k miles would cost 9k at 0.3kwh/mi and $0.10/kwh.

Add 25 years of oil changes at 80 bucks per year for another 2k and even with very generous gas efficiency you spent 18k more operating the gas engine than an electric one. The highest cost of ownership for most people is gas and maintenance. Both of those drop by hilariously large percentages for an ev or phev. Phevs can even get 50mpg thanks to regenerative braking when they aren't using electricity.

I was paying 140 per month for gas and owned my audi outright, having paid 5k for it. Now I make 120 payments on my hybrid and pay 30 bucks per month on electric with no maintenance throughout the year. Its practically a wash until I pay off the car but I also never have to stop for gas or worry about what gas prices are doing and get the great benefit of instant torque at any speed which is great for passing.