Math for morons

Greenbelt MD

Description

"U.S. households are spending the equivalent of $5,000 a year on gasoline, according to Yardeni Research." https://www.cnbc.com/2022/05/18/households-are-spending-the-equivalent-of-5000-a-year-on-gasoline.html "Typically, the most basic battery replacement in tesla costs between $13,000 and $14,000." "Model X and Model S retain 90 percent capacity even after reaching 200,000 miles. Since we drive around 14,000 miles a year, it would take at least 15 years for your Tesla car to reach the 200,000-mile mark." https://www.way.com/blog/tesla-battery-replacement-cost/ So for the PhD in economics out there, let's see if you can multiply $5000 times 15, then multiply $14,000 times 1, and see which is the larger number. That should answer any questions about which type of vehicle is less expensive to drive. And it's not even close.