EVs solve high gasoline prices. Obvious, isn't it?
Fueling an EV costs only a third of what gasoline costs, per mile. Imagine a 2/3s discount on all your fuel costs, FOREVER.
And there is another new advantage: EVs are now 10% cheaper than used gasoline cars. Right now 300,000 EVs are coming off lease, which has flooded the market. And that price advantage will get better when another 600,000 and 660,000 come off lease in 2027 and 2028, driving the price down even further... basic supply and demand.
Add to those two big financial wins a third win: EVs suffer darn near zero repair costs. My Ioniq5 needed a tire rotation ($21) at 10,000 miles. And when I finally reach 35,000 miles it will need the fluid in the inverter to be refreshed. That's IT!
And Hyundai is offering a ten-year battery warranty, which they can do confidently because batteries don't degrade the way the earlier generations did.