"Several pundits indicate that TCO for EVs is already lower than its ICE counterpart. Deloitte has concluded that price has already reached parity, if you consider subsidies in various markets and TCO. They say that other pluses for EVs now also include the fact that EVs’ driving range is already comparable to that of ICE vehicles, and the number of models available is increasing.
Some more reserved analysts expect TCO parity between EVs and ICE vehicles as soon as 2024 to 2026 for shorter range EVs and 2027 to 2030 for longer range EVs."
"So, by our calculations this makes the electric F-150 $2664 cheaper to own and operate over the first three years than its gas counterpart—and that’s without the tax credit. With it, it’s a substantial $10,164 less. The Kona Electric, on the other hand, is more costly than the gas version by $2041 without the tax credit, but $5459 cheaper with it. There can also be state and local incentives for EVs to factor in if those are available. Plus, as the years progress the lower costs of operating an electric vehicle (fuel and maintenance) continue to accrue."
https://www.caranddriver.com/shopping-advice/a32494027/ev-vs-gas-cheaper-to-own/
"Currently, in all geographical areas and in all equivalent models, the EV sticker price is more than an ICE and, in some cases, considerably more. Predominately however, the subsidies and high residual value of EVs are strong off-setting factors in the TCO."
