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Despite the myriad benefits of owning an EV, sometimes it still makes more sense to keep your combustion-powered vehicle.

Steven Ewing/CNET



Comparing our miserly EV6 to a midrange Honda Accord Sport sedan, which is far more efficient than an F-150, is similarly revealing. With a 1.5-liter turbocharged four-cylinder engine, a continuously variable transmission and a , you'd be spending about $1,928 on fuel to drive this Honda for 15,000 miles... nearly 3.2 times more than the Kia. However, including destination and delivery, the Accord is far cheaper at a totally reasonable $31,085 compared to the EV6's $48,255 price tag. It's a difference of $17,170, which is slightly less than the delta between the standard F-150 and the Lightning. 

Dividing that figure by $1,323, the annual price difference of running the Accord compared to the Kia, works out to a payback period of nearly 13 years. In this case, it may make more sense to keep on driving the Accord even if you nearly faint every time you fill the tank.

The entirety of this discussion presupposes you're focused on prioritizing personal finances above all other concerns. But there's a bigger picture to consider: We haven't even discussed the negative environmental impact that burning fossil fuels or digging up rare earth minerals has on [url=/personal-finance/most-efficient-cars-for-2022/]climate change, let alone the many and varied downstream costs that come home to roost societally as a result. Those sorts of long-term communal costs are clearly beyond the scope of this article, but they deserve to be considered.

At the end of the day, there are plenty of great reasons to get an electric vehicle, but if you're thinking about swapping your internal combustion-powered car or truck for a new EV just to save money at the pump, make sure to do the math first -- especially if your current ride is paid for -- because plugging in and making a change may not make economic sense for you, even with fuel prices in the stratosphere.