2. (12pts) Compare the cost of owning an electric vehicle vs. gasoline vehicle using all applicable economic metrics, and the following assumptions:The gasoline vehicle is a 2020 Honda Civic, priced

at $21,000. You drive 6,500 miles per year and gas in your area has an average cost of $2.50 per gallon. The maintenance costs annually average$368 for this vehicle. The electric vehicle is a 2020 Prius Prime (this is a hybrid, but assume you predominantly drive it in electric mode). The purchase price is $27,600, with a $4,500 federal tax credit. The car consumes 7 kWhr of electricity on single charge, with a driving range of 28 miles per charge. The annual maintenance cost is slightly lower at $203. Electricity in your area has an average cost of 17 cents per kWhr. Assume an interest rate of 4% and 10 years of ownership. Which option would you recommend? Explain how the following variations would change your decision: a) (3pts) An interest rate of 10% b) (3pts) Lifetime of 15 years c) (3pts) Expiration of the electric vehicle $4,500 federal tax credit.