Then I'd be paying roughly ten times as much for insurance, because it's a new and valuable car, and being "keyless" it cannot be secured in any meaningful way without locking it in a garage, which I don't have.
Because I don't have a garage or a driveway I can't park right at my house, so I would not be able to charge at home. So I'd have to park an EV up at the nearest charging point several miles away, cycle home, and then cycle back to the car to retrieve it. This would then be costing roughly the same per mile to charge it up as it costs per mile for propane (my car is dual-fuel).
That's before you add in the exorbitant cost of servicing an EV, which can only be done at a dealer.
All told, I'd be spending a grand a month to replace a vehicle that costs a couple of hundred a month, that - crucially - wouldn't allow me to actually do the things I need it to do.
IMO, this matters more than anything else.
If you can't charge at home, then an EV becomes rather nonviable unless you drive very little and your usual grocery store has a fast charger. But then public chargers are typically at least double the price per kilowatt hour compared to charging at home.
EV servicing is cheaper and I do it less often.
I bought used. The monthly depreciation is less than my previous fuel bill.
YMMV.
Most EVs need serviced every year and it's about £300 to do so. This is a ridiculous amount.
What model were you considering and why only this one?
This is more than the £200-300 or so it costs to run my existing car.
Straight off, it's costing me more just to even own one - that's before it turns a wheel.
Tax on an EV is free just now, and about £300ish a year for the vehicle I have now, so that's got the difference down a little.
Insurance on even a fairly basic EV would be a couple of hundred quid a month, as opposed to a couple of hundred quid a year. This immediately makes running an EV uneconomic.
At the end of the five year lease (you can't buy them outright, without getting entirely ripped off) I'd have spent 24 grand to still not actually own a car. This is roughly 100 times as much as I spent to actually own a car. This too makes things uneconomic.
OP said this, you clearly don't fall into this category. And if servicing an electric car costs more than servicing an old Landrover I will not eat for a week
It just cost me £75 to service my car, of which nearly £15 was just the cabin air filters which have got bizarrely expensive since last year.
