Long-Term Maintenance Cost Comparison: Electric Vehicles (EVs) vs. Gas-Powered Cars
General Overview
Electric vehicles (EVs) generally have lower maintenance costs compared to gas-powered cars over the long term. The absence of oil changes and fewer moving parts reduce the need for frequent repairs. However, there are specific costs associated with EVs, such as battery management and potential replacement, that should be considered.
Key Points
- Average Annual Savings: EVs typically cost less than gas-powered cars annually, with owners saving about $330 per year if maintained according to manufacturer recommendations. Some estimates place the annual savings between $300 to $400.
- Per Mile Maintenance: EVs cost approximately 6 cents per mile to maintain, while gas-powered cars cost about 10 cents per mile. This translates into significant savings over the vehicle’s lifespan.
- Battery Costs: While EV batteries are generally durable and long-lasting (retaining capacity for 10 years or more), replacing them can be expensive, with costs ranging from $5,000 to $20,000, depending on the model. However, this is rarely necessary.
- Lifetime Savings: On average, EV drivers can save around $4,600 in maintenance and repairs over the vehicle’s lifetime compared to a gas-powered car.
Conclusion
While EVs tend to have lower maintenance costs due to fewer mechanical parts and no oil changes needed, potential battery replacement costs can offset some of these savings. However, over the long term, EVs generally remain more cost-effective for maintenance compared to gas-powered vehicles.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/how-do-maintenance-costs-for-evs-compare-to-those-for-gas-powered-cars-over-the-long-term/
