Technology

A large portion of depreciation and insurance is fixed, not based on actually driving. And maintenance is lower with EVs as well.

Still though, you are right, 1/9 is specific to fuel, and it's deceiving. If it.were truly 1/9 we wouldn't be having this conversation because all vehicles would be EVs.

depreciation per mile is usually a bigger cost than fuel.

OK, this might be something that a fleet manager would care about, but the average driver wouldn't consider in a hundred years. You don't have to swipe your card and pay for depreciation every four days. Not to mention that depreciation has no bearing on vehicle type and little connection to physical reality at all.

And if anything, EVs maintenance is lower than expectations. There is no robust recycling of EV batteries for instance because it turns out that the batteries last reliably for 30 years and most of the ones produced are still in service. Also EVs are by nature simpler, with many components being solid state. ICE are rube goldberg masterpieces, the result of decades of continuous development.

Depreciation is irrelevant and only brought up by combustion promoters. A car is a tool, not an investment in itself. The only relevant metric is overall yearly cost until the car dies.

Changing cars every few years, which is where depreciation matters, is an expensive luxury no one actually has to play.

It says "cheaper to drive" not "cheaper to own."

Regardless, taxes and insurance are roughly the same. Maintenance on an EV is FAR less than an ICE car (no oil changes, fewer brake changes, fewer moving parts to replace over time). So if "fuel" is 1/9, and maintenance is just replacing the tires and putting in new wiper fluid, then driving is going to be much cheaper.

What's there to maintain? Even the brakes barely get used.

"to drive"

It's literally correct.

It's not 1/9th to own or registre. But it certinly is cheaper in reperations and service.

Trump's stock trades included a LOT of oil company stock the past few months. He's been raking in billions from this.

Damn if that's the case, solar installations there should pay itself a lot faster huh?

I had a coworker go on an insane rant about his hatred of EVs after somebody mentioned Teslas. I wound him up even more by saying I'm fine with EVs just not ones built by Nazis.

I often get paid for charging mine. They paid me 30p on Sunday.

I expect they will keep trying to hold back EVs and compete forever, so never let your guard down. There will always be someone, somewhere, wanting to pump oil and feed it to a combustion engine for money. They'll say it's their culture, for Jesus, for their family, to feed baby koalas, to revive a poor dead rat, or whatever it takes to burn some form of petroleum, change climate, and try to buy a yacht or an island.