The Case for Electric Cars: EV Costs Part two of Edward Dodges series on owning and operating electric cars, this time focuses on the costs of owning an EV. Electric Vehicles today are considered to be more expensive to purchase than their Internal Combustion Engine counterparts. But the purchase price of EV’s versus ICE vehicles tells an incomplete story about the comparative costs. While none of the EV’s on the market today are cheap, they are competitively priced for their class of vehicle. The Tesla Model S is the best equipped and most expensive EV on the market, as a luxury sedan it competes with the Mercedes Benz S-Class, BMW 7 Series, and Porsche Panamera all of which are in the $70,000 – $90,000+ price range. The Chevy Volt plug in hybrid EV has an MSRP of $35,000, and the Nissan LEAF EV lists at $29,800, comparable to cars of similar size and features. EV’s are much simpler mechanically than ICE vehicles with far fewer parts and requiring less maintenance. The perceived expense of EV’s is almost entirely in the cost of batteries and as battery prices come down with expanding production, then overall EV costs will come down as well. Electricity is much less expensive than gasoline or diesel so powering an EV is much cheaper than filling up an ICE vehicle.
Posted on: Tue, 07 Oct 2014 02:21:55 +0000
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