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Electric vehicles apparently cost half as much to maintain as gas

Electric vehicles apparently cost half as much to maintain as gas

Electric vehicles may still cost significantly more than a gas powered car to buy but they cost half as much to maintain. That’s according to a new report from Consumer Reports anyway.

The up front cost of electric vehicles is slowly coming down as the technology develops but still provides a significant barrier to entry. That barrier might not be quite so insurmountable once prospective owners realize that running an EV is much cheaper over the long term than a standard car.

“Electric vehicle owners don’t need a coupon to get half-off typical maintenance and repair costs from their dealer, it comes standard!” says senior transportation policy analyst Chris Harto, who authored the analysis based on CR’s real-world data.

“These savings are going a long way to offset the upfront costs for consumers.”

Not only does it cost a lot less per mile to run the car, it also costs around half for maintenance too. That’s according to new findings from Consumer Reports.

EV running costs

The piece from Consumer Reports makes for interesting reading. It isn’t a puff piece promoting EVs, but a data-driven report using real world examples. It’s well worth reading if you’re considering buying a new electric vehicle.

It says the average maintenance and repair costs over a vehicle’s lifetime is:

  • BEV (Battery-Electric Vehicle): $0.03/mile
  • PHEV (Plug-in Hybrid Electric Vehicle): $0.03/mile
  • ICE (Internal Combustion Engine): $0.06/mile

Not only is an EV cheaper to maintain and repair, it also needs less regular maintenance than a gas car.

There are fewer moving parts and a lot less to go wrong. Despite the massive leap in technology and the complication of some battery management systems, fewer moving parts means less wear and tear and opportunities for material fatigue to take its toll.

According to the data, a five year old gas car costs around $1,200 a year to maintain and repair. A five year old EV costs around $900.

“Electrics just don’t need as much maintenance as gas-powered cars, and even though repairs won’t necessarily be less expensive, they are less frequently needed,” explains Gabe Shenhar, associate director of CR’s Auto Test Center, specializing in electric vehicle testing.

“In addition to being easier and cheaper to maintain, many EVs deliver better acceleration compared to gas-powered vehicles, and don’t pump harmful pollution into our air,” adds Shenhar.

There is still a long way to go before electric vehicles can truly replace the gasoline engine but the evidence that it makes sense is mounting!

Categories: Car News