A recent study from Consumer Reports found that electric vehicles (EVs) offer big savings over traditional gas-powered cars. The study compared the cost of ownership for various EVs and found that, on average, EVs are cheaper to own than gas cars.
The study looked at the cost of ownership for these types of vehicles. The results showed that EVs are cheaper than gas cars in every category.
Fuel Savings
One of the biggest factors in the cost of ownership is fuel costs. EVs are much cheaper than gas cars since they use electricity instead of gasoline. The study found that, on average, EVs save about $800 to $1,000 less per year to operate than gas cars.
Maintenance Savings
Another important factor in the cost of ownership is maintenance costs. EVs have far fewer moving parts than gas cars. It means they require less maintenance. The study found that, on average, EVs save about $4,600 over their lifetime to maintain.
Depreciation
Depreciation is another important factor in the cost of ownership. Depreciation is the loss in value of a vehicle over time. The study found that EVs depreciate slower than gas cars, which means they retain their value better over time. On average, EVs depreciate less than gas cars.
If you want to learn more about whether an EV may be right for you, feel free to contact our dealership here in Houston. 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.
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