Yeah it's why I usually have to mention that context matters a lot when talking TCO . Where I live, not only is insurance more costly, electricity is also considerably more expensive (it's hit 20 cents a kilowatt hour though starting to come back down). Then I also have to factor in both the higher upfront costs of the car, but also the costs upgrade my home to support charging the car at home.

For a lot of people that calculation is true, but there's also going to be people like me where the TCO statement is hilariously untrue.