Electric Vehicle (EV) Cost of Ownership  
 

Electric vehicles offer several advantages over traditional gas-powered cars. They're cheaper to operate and maintain, and they emit no pollutants. These factors make EVs an attractive option for consumers who are looking to save money and reduce their impact on the environment.

According to Consumer Reports, EVs can save drivers thousands of dollars throughout their ownership.

The report also found that EVs have much lower running costs than gas cars. For example, the cost of charging an EV is about one-third the cost of gasoline. EVs also have cheaper maintenance costs, as they have fewer moving parts and do not require tune-ups or oil changes.

Fuel Savings

The biggest cost savings from owning an EV come from fuel savings. EVs are much more efficient than gas cars, so they use less energy to travel the same distance. It means that you'll spend less money on fuel for your EV's lifetime.

Maintenance Savings

As mentioned above, EVs have cheaper maintenance costs than gas cars. It is because they have fewer moving parts and do not require tune-ups or oil changes. EVs also have regenerative braking, which helps extend the life of the brakes. On average, drivers save up to approximately $4,600.

Depreciation

Another factor to consider is depreciation. EVs tend to hold their value better than gas cars, so you can expect to get more money back when you sell your EV.

If you want to learn more about whether an EV may be right for you, feel free to contact our dealership here in Scottsdale. If you discover you’d like to stick with a gasoline-powered vehicle, we carry a great new and used selection to accommodate your needs.

* Information source is from consumerreports.org and is for general informational purposes only. All information is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information. Under no circumstance shall we have any liability to you for any loss or damage of any kind incurred as a result from use of the posted information on this page. Your use and reliance of the posted information on this page is solely at your own risk.


 
Categories: EV, News, Technology, Green Cars