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Is it better to buy an electric car compared to a gasoline (ICE), hybrid or plug-in hybrid car? Many people think that buying an electric car is not economically viable due to the very high initial cost, as well as the very high cost of replacing the battery. Before buying a Hyundai Ioniq 5, I made detailed calculations and compared the cost of ownership for 3 years of different cars, including the Tesla Model 3 and Model Y. The calculations showed that economically an electric car can be very profitable under certain conditions, which worked for me personally. For others, it may be completely unprofitable and this is influenced by many factors: the cost of charging and gas, annual mileage, tax refunds, and the initial cost of the car. In my case, buying an Ioniq 5 turned out to be economically viable for 3 years or more, but the Tesla Model Y turned out to be almost on par with a regular gasoline car due to the very high initial cost and the lack of tax refunds in Canada. Link to the spreadsheet with calculations - https://docs.google.com/spreadsheets/... 🍁Immigration to Canada with Polar Bear Immigration - https://bit.ly/4189OfG 👌 Selection of study programs in Canada and assistance with admission - https://kiwieducation.ru/ca/applicati... Online course on immigration to Canada - https://bit.ly/3fAIbF3 Preparation for IELTS at Kiwi Education School - https://bit.ly/3FOlbx7 Timeline: 0:00 Introduction 2:11 Important conditions 5:20 Input for calculation 8:42 What are the costs 9:37 Your questions 10:29 Selection of cars 13:27 Detailed expenses 19:47 Cost reduction 22:17 Who does not benefit from electricity 24:34 Cost of ownership 27:21 Battery replacement 29:02 Conclusions 📧 For questions about cooperation on the channel - [email protected] 🔐 Light, fast and reliable VPN from Surfshark - https://bit.ly/3yiQRGR 💸 Money transfers with minimal commission Wise - https://bit.ly/3FNFDz1 📣 I'm on social networks: ►Instagram - / gleb.canada ►Telegram - https://t.me/interestingcanada ►LinkedIn - / glebkobets #Hyundai #IONIQ5 #Electric car