As a concrete example, the last time I used the official government calculator to compare ICE vs a comparable sized EV (e.g. size of Honda Accord), it gave the breakeven point at 7 years, with the following assumptions:
1. Gas at $7/gal (you pick the price and the chart adjusts accordingly - if I picked a more reasonable price the breakeven point was way far out).
2. It estimated repairs/maintenance for ICE at over $2000/year starting from year 1.
Bullet 2 above is ridiculous. I have all my car related transactions. In over 20 years of owning cars, I never came close to $2000/year. Note that:
1. I buy old cars (typically 8 years old when I buy them) - so they need more repairs than the one that's 1-3 years old.
2. I'm not a car person. I do whatever my mechanic recommends. I follow the maintenance schedule in the manual. I'm not cheaping out on repairs.
Similarly, the Edmunds TCO calculator also spits out some insanely high repair numbers.
When you track the expenses like I do, it becomes hard to believe that the up front extra cost for an EV will ever be compensated by gasoline and repair costs.
EVs are, frankly, really expensive right now.
(I will note that when I buy cars, I do thorough research on "reliability", with the aim of minimizing repairs).