ELECTRIC VEHICLE (EV) COST OF OWNERSHIP

Many consumers like the idea of purchasing an electric vehicle, but they aren’t sure about the long-term cost of ownership. If you’re on the fence about buying an EV, you’ll be happy to know that the cost of ownership could be less than you think.

Fuel Savings
First of all, driving an electric vehicle instead of a comparable gasoline-powered car will save you money on fuel. Research from Consumer Reports suggests that it can save you anywhere from $800 to $1,000 per year.

Maintenance and Repairs
Maintaining an electric vehicle is also much cheaper than maintaining a gasoline-powered vehicle that requires regular fuel changes and is more mechanically complex overall. You can expect to save around $4,600 over the lifespan of your vehicle when you go electric.

Depreciation
Consumer Reports also suggest that newer electric vehicles are maintaining their value as well as or better than traditional cars. This is especially true now that many EVs are capable of driving up to 200 miles on a single full charge.

If you want to learn more about whether an EV may be right for you, feel free to contact our dealership here in Frisco, TX. If you discover you’d like to stick with a gasoline-powered vehicle, we carry a great new and used selection to accommodate your needs.

* Information source is from consumerreports.org and is for general informational purposes only. All information is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information. Under no circumstance shall we have any liability to you for any loss or damage of any kind incurred as a result from use of the posted information on this page. Your use and reliance of the posted information on this page is solely at your own risk.

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