The Cost of Ownership for an Electric Vehicle
Several vehicle consumers love the idea of owning an electric vehicle. Nonetheless, they tend to be curious about the long-term costs of owning one of these cars. It has been researched and concluded that ownership costs of electric vehicles come out first. Let us focus on some of the key results from the consumer report research.
Minimizing Fuel Costs
The research indicates that most electric vehicle owners do their fueling at home. This helps them save around $800 to $1,000 yearly on fuel-related costs. This is correspondent to a gasoline-powered vehicle.
Maintenance and Repair
From the research, it was concluded that the upkeep and restoration costs for electric vehicles are lower. This is when these costs are compared to the life electric vehicle. And about half the life of gasoline-powered cars. People spend more on gasoline-powered vehicles because of the frequent liquid changes and regular visits to the mechanic. Owning an electric vehicle will have you saving approximately $4,600 over its life.
Decrease in Value
Consumer report experts also concluded that the new models of electric vehicles hold their value compared to the old gasoline-powered cars. The modern electric vehicle models can be depended on to travel more than 200 miles on one complete charge. All gasoline-powered vehicles lose value with time. Fortunately, that is not the same case with electric vehicles. To be specific on the depreciation value of your electric car, be keen on the manufacturer's features, class, and reputation.
If you want to learn more about whether an EV may be right for you, feel free to contact our dealership here in Phoenix. 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.
