Exploring the Cost of EV Ownership
Jan. 18, 2021—A recent New York Times article attributed the slow adoption of electric vehicles to their higher cost upfront.
But, according to the article, new data published last week shows that electric cars cost lower than internal combustion engines over time.
Electric cars have lower maintenance costs, notes the article, due to the battery-electric engine, which has fewer moving parts that can break down. Electric vehicles also reduce planet-warming greenhouse gas emissions, making them greener over time.