The average American could save a couple thousand dollars per year in fuel costs by driving an electric car. Over 12 years that could pay for a cheap electric car. If you drive a lot more than average, you would save even more money.
Americans are paying on average $50K for a new ICE car, gas prices are at an all time high, insurance premiums at an all time high, car service costs at an all time high, interest rates at an all time high, and they still think they're making a good deal. This is what I call financial illiteracy.
That's not only the new car that matters. The average car on the road in America is 12 years old, which means there's a lot of people who are not buying those brand new cars for $50,000. They're buying something older, more economical, and they're the ones who are going to start driving the demand for EVs. Either they will start paying a premium for the used EVs that do come available to them because it's worth it or they're going to start buying the cheap EVs if there are any on the market.
Average American could save that much by driving Yaris instead of truck.
While, trucks are popular. They're not that popular. The average American is not driving one. The average American is driving a smaller SUV which, while not as fuel efficient as the Yaris, is still fairly fuel efficient and is only sightly, efficient than a similar sized sedan