As the power market USED to be with gas at say $3 a gallon and electric at say $0.15 per KWHR, driving a car totally electrically is about half the cost of gasoline - that is - for the FUEL.
Of course mostly you don't get the same performance, handling, payload, or availability (charging times/refuel convenience.)
You do get longer life as electric motors generally have one moving part. Battery life is the usual limitation - and they're getting better.
BUT - You don't see many early 20th Century Baker Electrics on the road for a reason. Even at the time it was considered an "Old Ladies' Car."
Jay Leno in his...
And surprisingly, the available Baker Electric battery mileage/capacity is not too much less than today's electric cars. Things are better/faster but not by a whole lot - yet.
NEVER considered in the electric automobile equation is the "power shift" from a gasoline transport economy to an electric transport economy - and the additional power plants/fuel/concentrated environmental impact that a non-diverse power supply will have.
ANOTHER non-consideration is the capital loss on non-use of refining capacity. While a sunk cost, these costs invariably will be passed on to the fuel consumer - making what gasoline is sold more expensive AND making No. 6 (Bunker C) fuel oil more expensive too (despite several steps less in the refining process for oil.)
ANOTHER non- consideration is the general "losses" required to transmit power from a remote generator TO your waiting battery. "Line Losses" of central power grids AVERAGE about 25 percent loss. Add to this the inefficiency of power generation (generally considered a 70 percent loss) and you get only about 25 percent of the thermal energy contained in coal or oil as electricity. Add to this about 85 percent battery loss and you're lucky if you get 20 percent of the fuel you burn in the power plant as transportation.
For lighting you put up with the losses as for lighting there are few options other than candles. And it still beats (generally) solar and alternative energy options.
Electric costs HAVE to go up.
Of course Joe Biden will get his 10 percent cut on the Lith-ion batteries made in China - of which he and his son Hunter are major stake-holders.
It is all about the money. Not your money but the money in Joe Biden's Pocket.
Dobbin