Buying an electric vehicle is not a good way to save money

In his zeal to evangelize for electric vehicles, President Joe Biden promised last week that"a typical driver will save about $80 a month from not having to pay gas at the pump." He even called this"the most important thing my plan will do right away."

The average age of all light vehicles on the road today is something like 11.8 years. The average frequency of new car purchases is somewhat less than that because some families buy a new second or third car. Still, at any given time, most people are not on the cusp of purchasing a car. I may not be the"typical" American, but my situation is not that unusual. Most people figure that maybe they'll buy electric next time — I know I might — but even then, it won't be for whatever minuscule savings they can get. It will be because of convenience and because their children keep getting on their case and telling them electric vehicles are cool.

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Biden says buy electric to save on gas, but EVs are expensive: Here's the mathWhen President Joe Biden announced his plan for addressing gas costs Thursday, he placed heavy emphasis on the cost-saving benefits of electric vehicles, which he said will save drivers, on average, about $80 per month on gas. So people are struggling to buy gas...so they want people to buy a new car Lost in reality Don’t look now but the Presidential limousine is a gas hog! FJB They’re very expensive. That’s not the solution at this time.
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