Analysis finds annual running cost of EVs less than ICE; but with purchase price factored in, it flips
Green Car Congress
OCTOBER 9, 2020
In 21 of the 50 States there are cash, parking and rebate incentives to buy an electric vehicle. Although fuel costs are the most ‘present’ cost on peoples’ minds, insurance and tax and also see running costs creep up. Across the states, the average cost of taxes for a gas car is $321 a year, compared to $504 for electric vehicles.
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