You forgot the biggest expense. Vehicle cost. Depreciation, insurance, taxes and your car burning your home to the ground. There’s ZERO upside to a all electric vehicle. PERIOD
You wanna do the REAL numbers. Lets go.
2009 4runner. 8 years ago. 9,000.00
Insurance per year 527.00
Taxes. 47.00
Depreciation. I’ve turned down 12,000
So It’s Appreciated, the opposite of your EV
Try to look at the big picture. you’re the kind of person that walks in a dealership and says how much is my monthly payment. God love you. Lol
Discussions like this are going to be laughed at by 20 somethings in 10 years. It's like the old scene from The Rifleman where Mark tells "Pa" that machines are going to soon take over most of the work of horses. Chuck Connors looks at him and tells his son "What is this nonsense you are talking about with machines taking over for horses." Mark then admits, "I guess you are right Pa, that is a crazy thought."
Mark was right.
An individual must be able to discuss such issues not based on Feb 2025, but Feb 2026, October 2028 and how the market will mature as time passes. After all, we are talking about how things are changing, not how they are today and only this week.
I've addressed vehicle costs in about 5-6 posts already and the fact that EV costs are coming down, and that manufacturers are now increasing their focus on developing lower priced EVs. As more and more manufacturers make more and more EVs, the costs will also come down.
your 2009 Forerunner will be valuable to someone, at least for a while. But at some point, it won't be that valuable. My dad loves his 1989 Isuzu even though he doesn't drive it much. It will always be worth something to him and some people. But that's not representative of the overall car market.
As more manufacturers start phasing out some of their gas models, the prices of gas models will increase in comparison and EV prices will continue to level off.
I'm not going to go through the history of economics here but it's nonsensical to compare the emerging EV dominance with a 2009 Forerunner or what someone personally offered you. That makes no sense and it's not worth a discussion for intelligent, fair-minded people.
Insurance costs, etc- all will adjust accordingly as the market develops and more and more auto shops routinely work on EV vehicles. The more shops that work on them as a matter of routine, the market will offer consumers choices and price competition, something that is not well developed yet.
EVs are poised to dominate the car market, with their market share projected to grow significantly