If you've been on the fence about buying an electric vehicle because of the high price tag, you'll be happy to know that the long-term cost of ownership of an EV may actually be lower than that of a comparable gasoline-powered car. Here are just a few reasons why.
Fuel Savings
As you can probably guess, it costs a lot less to fuel an electric vehicle than a traditional car. Simply put, you don't have to worry about paying high prices for gasoline; all you need to do is charge your battery while your vehicle is sitting at home. In fact, owning an electric vehicle and doing most of your fueling at home can save you as much as $1,000 a year on fuel costs.
Maintenance and Repair
Performing regular maintenance on an electric vehicle is also surprisingly easy and affordable. The battery and other electronic components require next to no regular maintenance, and you won't need to change the fluids in an EV as you would for a gasoline-powered vehicle. Overall, you can expect to spend about half as much money on maintenance on an electric vehicle throughout its lifespan as you would on a comparable gasoline-powered model.
Depreciation
Research also suggests that newer electric vehicles are holding their value just as well if not better than comparable gasoline-powered cars. This is especially the case now that newer EVs can drive much farther on a single full charge than older models could. Of course, the depreciation of an electric vehicle will still depend on its make, model, and features.
If you want to learn more about whether an EV may be right for you, feel free to contact our dealership here in Decatur. 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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