June 19, 2018
Despite what type of vehicle you buy, there are different expenses related to vehicle ownership. Selecting an electric vehicle over a conventional gas-powered car can result in some significant long-term savings.
Here are some of the benefits of using an electric car vs a gas powered car:
Fuel Costs.
The biggest difference in electric cars and conventional cars is their source of fuel and what is used to power the vehicle. Studies have shown that electric cars have less than half of the expense to operate as a typical gas-powered vehicle.
Maintenance Expenses.
Car repairs are expenses that can stack up over time. With conventional cars, maintaining the engine can be a big money pit, especially as the car gets older. Since electric cars do not have internal combustion engines, this expense disappears. There will still be the costs of brake and tire changes, structural and cosmetic repairs, but the repeated costs of engine upkeep would be diminished significantly. The biggest expense of an electric car would be to replace the battery pack, which is rare but can be covered with a battery warranty.
Incentives and Rebates.
One reason that people choose to purchase an electric car is because of the amount of state and federal incentives available. The higher cost of an electric vehicle can be offset with these rebates and make it more financially possible.
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