I think you're missing the cost of ownership in your efficiency calculation. EV's without incentives cost a lot compared to ICE so much so that the savings don't equate usually until I hear year 4 of ownership. Now that's getting better I mean look at the new Bolt or Ford Fathom 30k Retail usually (which I think is where there's a lot of room in small midsize trucks and EV's)
> EV's without incentives cost a lot compared to ICE
This is highly variable. My Lightning was cheaper than the ICE version I had been shopping for. It has been better for my wallet from day 1. And it has depreciated less. The credits did distort the market for a while, though, that is for certain.