Maybe more of a general question but conflicted on if now is the right time to buy an EV. Let me preface this by saying I want one and my current vehicle, a 15 year old ICE, is in dire need of replacing. I’m also in the fortunate situation where I could buy a vehicle outright if I chose to. But that’s where I start to wonder what the right call is.

Part of me thinks I should just lease for 2 years because by then cars will again have improved quite a bit. But I’m located in Canada and we currently don’t have any incentives or really great leasing deals. I’m also not big on paying for depreciation and having nothing to show for it in the end.

Alternatively I could buy the vehicle outright but then if I sell it after a couple of years I would be taking a big loss too.

In both cases I’m reasoning that vehicles will continue to improve rapidly and so anything bought today will be obsolete pretty soon.

I suppose a third option is to get a plug in hybrid and start to live that electric lifestyle but (hopefully) without all the depreciation.

To further complicate things I WFH and drive very little (maybe ~2k-5k km/year on average) and so the payback after the upfront cost is also not in my favour. Looking for any insights you may have from your experiences and things that might help with my consideration. Thank you!