Electric Vehicle (EV) Cost of Ownership  
 

Electric vehicles (EVs) offer several advantages over traditional gas-powered cars. EVs are cheaper to operate and maintain, and they emit no pollutants. But the initial cost of an EV can be higher than that of a comparable gas-powered car.

To help you decide whether an EV is right for you, we've compiled a list of the savings associated with owning an electric car.

Fuel Savings

Electricity is cheaper than gasoline, so you'll save money on fuel costs with an EV. How much you'll save depends on the price of electricity in your area, but on average, it costs about $1.50 to charge an EV for 100 miles of driving. Compare that to the cost of gasoline, and you can see that you'll save about $800 to $1,000 per year.

Maintenance Savings

Electric cars have far fewer moving parts than gas-powered cars, so they require less maintenance. You'll also save money on brake pads and rotors since EVs don't have brake pads. In addition, EVs don't require tune-ups or oil changes, so you'll save even more on maintenance costs. You can expect to save $4,6000 overall.

Depreciation

EVs tend to hold their value better than gas-powered cars, so you can expect to get more money back when you sell your EV. It is because of the high demand for EVs and the fact that there are few used EVs on the market.

If you want to learn more about whether an EV may be right for you, feel free to contact our dealership here in Arlington. 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.