Roya has noticed that a few people around her have bought electric vehicles. She is thinking about buying a used Hyundai Ioniq 5 for $50,000 (the purchase can be financed via the bank at a 6.20% rate). With the purchase, Royas fuel/energy expense would drop to 20% of current levels and maintenance would only be needed once a year (the expected cost per maintenance service would remain the same, as would the vehicle insurance expense). Royas current vehicle has a market (and book) value of $12,000. It expected to last five more years, at which it point it can be sold to the scrap yard for $1,000. After five years, the Ioniq could be sold for $20,000. Roya wants advice on switching cars as well as consideration of other relevant factors.