It might be different in America but in Europe that £/€24k Civic is £/€12-13k in 3 years but that Tesla is still £/€25-32k within the same timeframe. The Civic becomes affordable to the lower earners faster. A major reason EV’s are facing opposition from what I am seeing is the perception they are unaffordable. If you want a decent size vehicle with decent range, they are currently unaffordable to minimum earners even if those of us here with good salaries struggle to relate to that.
You are saying in the UK the Civic is £12k vs Tesla being £25k, that's about a £350 monthly difference in cost over a 36-month period.
We haven't accounted for savings on fuel/maintenance costs. I know 1L of gas is WAY more than 1L of gas here in the US. I drive an average of about 13k miles per year (or about 21k km). I used to spend $70 per tank 5x per month, or around $350 for fuel. I also used to fill my wife's care 2x per month ($140) Right now, my electricity prices went up about $180 per month (for 2 EVs). So, I was spending almost $500 per month in fuel, and am down to $180 per month in "efuel". That's a monthly savings of $310, but that's for a 2-car household.
For a one car household driving about as much as I do alone, I would say there is a minimum monthly fuel savings of $200-$250. That annual average miles would need a minimum of 4 dyno oil changes.
So, in the end, I'm assuming (without knowing your exact fuel prices) the honest monthly cost (note + fuel + maintenance) is probably within £50-£100 for the Civic vs Tesla. This easily accounts for the added initial cost (monthly payments) going from a bottom of the line Civic to the bottom of the line Tesla, which I 100% believe is a HUGH step in interior class...
Here in the US, the price difference between that bottom of the line Civic and the bottom of the line Tesla doesn't really exist. The fuel + maintenance costs puts them about equal. Regardless of size, I would say a Tesla M3 is more on par with the Accord, which are initially priced the same making the Tesla a monthly total cost savings.
I think the issue is ALL cars are becoming unaffordable to lower earners, it's not an ICE vs EV thing. Here in the US, the term of auto loans has gone from a typical 3 year to now 6-year loans. This is the only way people are about to purchase vehicles, or they lease.
I know I'm not including the cost of a wall connecter and install, but I'm going to assume everyone is going to have to pay this at some point, if everyone will eventually have to switch to EVs.
EDIT:
@Apple fanboy illustrated this perfectly with his post showing the affordable options as of now are either super mini’s with dire range or risky purchases like 10+ year old Tesla’s. I appreciate more options are becoming available all the time, but it’s not changing opinions now unfortunately.
That's a 10-year-old Model S... You can buy a 3–4-year-old Model 3 for less than a 10-year-old Model S.