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Consumer Reports Study Finds Electric Vehicle Maintenance Costs Are 50% Less Than Gas-Powered Cars
November 16, 2020 in Transportation & Fuels
Author: Rebecca Heisel
https://apple.news/ArDbBXzJxSC2YlQAmbEM3sw
A new study by Consumer Reports equips consumers with data showing the relatively lower cost of electric vehicle (EV) maintenance and overall ownership when compared to comparable gas-powered vehicles. Consumer Reports recently released a study analyzing EV ownership costs, including a chapter on their lifetime maintenance costs. The study looks at both battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) and helps answer frequently asked questions about EV maintenance and other costs.
Key takeaways:
EVs have lower lifetime maintenance costs—and lower costs overall—compared to comparable gas-powered vehicles.
BEVs and PHEVs have similar lifetime costs.
The cost savings of EV ownership are only expected to increase with new models and battery cost reductions.
The study found that “when total ownership cost is considered—including such factors as purchase price, fueling costs, and maintenance expenses—EVs come out ahead, especially in more affordable segments.” Consumer Reports states that “owning an electric vehicle will save the typical driver $6,000-$10,000 over the life of the vehicle, compared to owning a comparable gas-powered vehicle.”
November 16, 2020 in Transportation & Fuels
Author: Rebecca Heisel
https://apple.news/ArDbBXzJxSC2YlQAmbEM3sw
A new study by Consumer Reports equips consumers with data showing the relatively lower cost of electric vehicle (EV) maintenance and overall ownership when compared to comparable gas-powered vehicles. Consumer Reports recently released a study analyzing EV ownership costs, including a chapter on their lifetime maintenance costs. The study looks at both battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) and helps answer frequently asked questions about EV maintenance and other costs.
Key takeaways:
EVs have lower lifetime maintenance costs—and lower costs overall—compared to comparable gas-powered vehicles.
BEVs and PHEVs have similar lifetime costs.
The cost savings of EV ownership are only expected to increase with new models and battery cost reductions.
The study found that “when total ownership cost is considered—including such factors as purchase price, fueling costs, and maintenance expenses—EVs come out ahead, especially in more affordable segments.” Consumer Reports states that “owning an electric vehicle will save the typical driver $6,000-$10,000 over the life of the vehicle, compared to owning a comparable gas-powered vehicle.”