How Do Electric Car Owners Save Money Compared To Gas Car Drivers?

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How Do Electric Car Owners Save Money Compared To Gas Car Drivers?
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How Do Electric Car Owners Save Money Compared To Gas Car Drivers? via insideevs.com

In the study, researchers compared vehicles within similar size classes and segments, including luxury passenger vehicles. It defined the average lifespan of a passenger vehicle as 200,000 miles. In general, the study and experts said that EVs will cost less than ICE vehicles over time, though a number of specific factors may contribute to an individual case.

Throughout a vehicle’s lifespan, “battery electric vehicles tend to come out ahead of [internal combustion engine] vehicles, on average,” said Debapriya Chakraborty, UC Davis researcher at the Electric Vehicle Research Center.

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