Study: EVs 35% Cheaper To Maintain Than Comparable Cars

Much ink has been spilled over whether or not electric vehicles are a cost-effective replacement for conventional cars. Considering their high upfront cost, the return-on-investment isn’t exactly a short-term proposition. But a new study reveals that when it comes to basic maintenance, electric vehicles have the distinct advantage of costing a whole lot less to maintain.

The German study found that on average, EVs, cost about 35% less to maintain over an 8 year period of ownership, which is about on par with how long the average car buyer keeps their vehicle. Critics say the study doesn’t take into account battery pack replacement, but considering that there hasn’t been any EV on the market that long, it is hard to say whether or not that will be an issue yet. With battery pack prices predicted to come down quite a bit in the next few years, it is hard to make an accurate comparison of battery replacement costs right now.

via Study: EVs 35% Cheaper To Maintain Than Comparable Cars – Gas 2.

Categories: Energy, Transportation