EV Benefits
1. Fuel Cost
Electricity costs less than gasoline. Because electricity rates and gasoline prices fluctuate, it’s impossible to give you a single figure explaining the cost difference between using gasoline and electricity for your driving needs. But most drivers would spend less than a quarter of their annual gasoline budget to drive an EV instead.
2. Maintenance and Repair Costs
EVs use fewer moving parts than gasoline-powered cars. A recent analysis by We Predict found that EV owners spend about $7 for every $30 a gasoline car owner spends on maintenance. While costs to repair an electric car were higher, study authors noted that electric cars experienced fewer problems that required repair and that repair costs continue going down as more mechanics become certified in repairing electric cars.