BloombergNEF: Electric cars 'will be cheaper to produce than fossil fuel vehicles by 2027'

[PoindexterOglethorpe]

7. Cost is my number one consideration.

Every time I read the average American pays over $40,000 for a new car (often an SUV which is another topic altogether) I'm astonished. Not to mention the typical loan is five or more years. I keep on hearing sad stories of someone who purchased a new car and then it was totalled shortly after. Surprise, surprise, the insurance is for the replacement cost of the vehicle, not what you owe on the loan. Although I suppose it would be possible to build that into the cost of the loan.

I always pay cash for my cars. So I buy what I have the money for. It's good that I genuinely prefer smaller, more economical (in all ways) cars.

But anyway, once I can get a two or three year old electric for what I'd pay for the kind of car I currently own, then charging time will matter immensely.