Energy

KBB: Volt, Insight Offer Lowest Cost Of Ownership Over 5 Years

There are a lot of EV and hybrid-haters out there who throw out some softball arguments against such vehicles, along with legitimate gripes. But some of those gripes don’t necessarily ring true anymore. Kelly Blue Book, the go-to guide for used car values, has put together a best-of list for the five-year estimated ownership costs of every class of vehicles, including electrics and hybrids. Some of the winners may surprise you.The total cost of ownership compares eight different factors in the true cost of owning cars over a five-year period, with the two highest costs associated with owning a vehicle including depreciation, which accounts for 44% of ownership costs, and fuel, which accounts for a staggering 26% of ownership costs. In the subcompact segment, the Nissan Versa got KBB’s nod. For sports cars, it was the Mazda MX-5 Miata by a wide margin.

via KBB: Volt, Insight Offer Lowest Cost Of Ownership Over 5 Years.

Categories: Energy, Transportation