
Ran the actual 5-year math on EV vs gas ownership — the depreciation gap erases more of the fuel savings than I expected
Ran the numbers on whether "EVs save you money" holds up across the whole ownership timeline, fuel and maintenance AND depreciation, not just the part everyone leads with.
Fuel and maintenance favor EVs. Home charging costs about a third of gas per mile right now (gas is at $4.09/gal, unusually high this year), and EV maintenance runs roughly 40-50% less per DOE and Consumer Reports data.
but Depreciation favors gas cars. Average EV loses 58.8% of its value in 5 years vs 45.6% for a comparable gas car (iSeeCars, 800k+ vehicles analyzed). On a $40k car that's over $5,000 more lost, which works out to more than 4 years of the fuel savings you banked getting there.
Where it nets out depends entirely on how you own the car. Finance new and trade every 2-3 years, the depreciation math wins. Buy used or hold long term past 5+ years, the fuel and maintenance savings win, since someone else already ate the depreciation or you're not selling into it. Tesla's also a genuineexception, Model 3/Y hold value close to gas cars, so the calculus shifts again there specifically.
Full breakdown with sources if you want the deep dive: https://youtu.be/n1ceHZ9rmTg
Curious how people here actually approach this, buy new and trade often, buy used and hold, or does it depend on the specific car for you?