The economics are basically always shifting. Real world depreciation and maintenance don’t always follow the model projections, and neither do actual fuel/energy price projections. Electricity service has skyrocketed in a lot of places in recent years, while gasoline prices have remained pretty low, which obviously affects the accuracy of the calculations and modeling that were done 5 years ago. Not to mention, both gasoline and electric energy pricing vary heavily between place.

And, of course, the ever changing regulatory landscape might affect pricing and resale value, as well.

Plus the thing with cars is that most people aren’t buying the absolute bare minimum they can afford. People are willing to spend more on things: passenger and cargo space, performance, aesthetics, features/comfort, exterior dimensions that fit their own needs (for example, people who live in a city and want a car that can fit in tiny spaces), etc. For someone who is looking at total cost of ownership of something like mid tier or even luxury model, they should be comparing specific models they’d consider.

Ultimately, people need to do the calculation for their own specific situations. Someone in the market for a minivan in Detroit is gonna have different considerations than the person looking for a pickup truck in Dallas or a luxury sedan in Los Angeles or an economy car in Honolulu.

And as things shift, we’ll likely see more people make the decisions that are right for themselves in that particular moment. Including people who want to pay more for something not directly financially beneficial to themselves, whether it’s the driver who wants a manual transmission and the sounds of a revving internal combustion engine, or the person who would rather spend a little bit of extra money to do something more for climate change. Or the person who wants to boycott Elon Musk and will spend a bit more getting another non-Tesla EV.

At this point, my next car is almost certainly an EV, but I’m not going to prematurely sell my current car to make it happen.