You really do have to do the math using your local costs. I'm in a place with slightly cheaper gas but much cheaper electricity than California. Combined with cheap night time electricity I'm paying under $0.03 per mile for a large EV. I would need 150 mpg vehicle (assuming $4.50 gas) to beat that. However I'm cheating a bit - I'm on a plan which raises my day time electric costs a small amount in exchange for half-price at night, so they're getting some of that back, and I should amortize charger and electrician work ($1600 for me).
What's the math on that? Average kWh in California is around 18 cents. Assuming 0.35 kWh per mile, that's 6.3 cents per mile. You'd need to get 100mpg+ to beat an EV at current gas prices. A brand new Corolla hybrid my family recently bought gets around 40-60 mpg driving around a small city. And that's without factoring in maintenance differences costs per mile.
55mpg is nothing. I get 100+ mpg equivalent on my massive F-150 lightning and if you include cost in the comparison it’s probably a couple of multipliers more than that.
And that's just operating cost. PHEVs have a higher maintenance cost and worse reliability than pure EVs, typically. Certainly higher complexity and more parts.
On top of that, my Lightning was less expensive than the gas equivalent. I've been winning since day one. If I had to sell it today (that would make me so sad), the depreciation would be the lowest of any car I've ever owned.
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