Jack Penn
@Jack.Penn · Updated 29 Jul. 2021

Electric vehicles are indeed becoming popular among people because they are highly concern about climate change. Government of different countries are investing their resources and time in this green project. If you are also thinking about shifting to an electric green vehicle then it is important to know that is electric vehicles are cost-friendly or not.

Electric vehicles are more costly to buy compare to gas and fossil fuel conventional vehicles. Price approximately around in between $30000 to $40000 more or less. Some of the electric vehicle companies are providing some exited offers like discounts and incentives to their valuable customers.

Electric vehicles are indeed more costly than conventional gas and fuel-engine-based vehicles to buy. But these green vehicles are more affordable than other fuel and gas powers conventional vehicles due to low electric fuel costs. The cost to run an electric vehicle for a year is approx. $300 to $400, more or less depending on where and when you charge your vehicle, and for a plug-in hybrid, the cost to run is approx. $700 every year. If we compare any gasoline and the fuel-based vehicle then the running cost is about $1000 to $2500, more or less as per the uses of those vehicles. Electric vehicles are cheaper to maintain and the servicing cost of those vehicles is very less compare to fuel-based vehicles. As the maintenance cost of those green vehicles is less therefore on your vehicle insurance you can also save money more.

Maintenance cost of an electric vehicle over fuel-based vehicles

Having a green electric vehicle leads you to significant savings in the long term. It is important to know from where the costs come in and how much money you can save during your vehicle maintenance when you are comparing the electric vehicle with fuel-based conventional vehicles.

Electric vehicles are more dependable with fewer numbers of moving parts compare to internal combustion engine-based vehicles which are carrying more numbers of moving parts. Electric vehicles mainly work based on a simple electric motor that drives the vehicle and fewer numbers of moving parts contain with the motor which ensures less wear and tear of the components and needs notably fewer maintenance costs compare to conventional vehicles.

However, electric vehicles are exactly run without any expenses, large possible maintenance you have to expend in its battery purpose. A certain period is a working range of any battery; the battery loses its retention power gradually after it becomes ware out and needs replacement. However electric vehicles are using lithium-ion batteries those cells do not fade easily, they will be working for long enough more than or approx 100000 miles if you’re driving range is stable. 

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@Business.Upside · Posted 15 Jul. 2021

The world of electric cars is ever-expanding. With the advancement in technologies, many companies are offering more and more advanced electric vehicles in a very limited time frame. Slowly, they are becoming more advanced, cheaper, and can be easily afforded by all. The New and Latest, Mini Honda Electric Hardtop (2021) is the most affordable new EV in the U.S.  Nissan Leaf, Chevrolet Bolt EUV, Hyundai Ioniq Electric are also a few to add to the list.