Electric Vehicles Cost Less Than ICE Vehicles on a Monthly Basis, Study Says
In terms of monthly payments, insurance, maintenance and fuel, the total cost of owning an electric vehicle on a monthly basis is significantly lower than the corresponding cost of an internal combustion engine (ICE) vehicle, according to a recent study. It isn’t surprising that many motorists get sticker shock when they see the price tag of most electric vehicles. This is understandable given that generally speaking, the most affordable electric vehicle costs approximately twice as much as the most affordable gasoline or diesel-fueled vehicle. However, the recent study suggests that motorists should look at a different metric when comparing ICE…
