You can either purchase an electric vehicle or a conventional vehicle that uses gas. Electric vehicle costs approximately $$45000$ to purchase; lasts $12$ years $($fewer moving parts and hence less wear and tear$)$ and approximately $$600$ a year to operate. The conventional gas vehicle costs approximately $25000$ to operate; lasts $8$ years and approximately $$1800$ dollars a year to operate. The discount rate applied to funds is $10\%.$ What are the equivalent annual costs of the two vehicles?

What other concerns $($non$-$monetary$)$ will apply in your final decision?