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Is the Depreciation Cost of Electric Vehicles the Same as Conventional Vehicles?

Get Electric Vehicle

  In this, we will explore whether the depreciation cost of EVs is the same as that of conventional vehicles and the basics of the factors involved in depreciation for any type of vehicle. For instance, a car with a residual value (RV) of 40% would have lost 60% of its worth in three years or 36,000 miles (Industry standard).

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Feature: Top 6 Reasons Why an EV Is the Right Choice

Clean Fleet Report

Say Goodbye to Fuel Costs. A small margin in the market drastically affects the cost of fuel and its availability. Low Maintenance Costs. It has fewer parts that would need constant maintenance and replacement. Car dealerships will advise you on the frequency of maintenance needed at the time of purchase.

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Two case studies outline how Houston and Loveland are saving money with EVs in their fleets

Green Car Congress

Houston first began using electric vehicles for the environmental benefits they offer, but now we are planning to add even more EVs to our fleet because of the cost savings they bring. Each of these vehicles are estimated to save the city $7,000 in fuel and maintenance over a three-year period. Repeat usage by employees is very high.

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Survey Finds US Hybrids and Diesels Beat Gasoline Models on Full Cost of Ownership

Green Car Congress

An IntelliChoice.com survey finds that most 2009 US hybrid and clean diesel cars, trucks and SUVs deliver a lower total cost of ownership compared to gasoline versions of the same (or comparable) vehicles. Buyers also need to consider costs such as maintenance and resale value. Tax credits matter.

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Electric vehicles are inflation relief

Electric Auto Association

A cost of ownership calculator and other tools can help you know how much you’ll save By Cameron Wolf, ZappyRide. Airlines , public transit , and regular commuters are feeling the strain of rising fuel costs, which have increased dramatically since August 2021. The cost of gas over the first 5 years of the car @ $3.58/gal

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PHEVs Are A Great Solution For Many — But PHEV Incentives Need Fixing

EV Adoption

Many industry observers (myself included) believe that PHEVs with 30 to 40 miles (or more) of electric range (sometimes referred to as “strong hybrids”) and which are plugged in and charged on a daily or regular basis are a great solution for many households. Consumers buying or leasing PHEVs with less than 30 miles of range.

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Toyota 3-row EVs, Tesla price cuts, electric G-wagen, airless tires: The Week in Reverse

Baua Electric

Which EV brand has the lowest ownership costs of any automotive brand? The Tesla Model Y undercuts the Model 3 by $5,000 —for those who are EV tax credit eligible—under the latest round of Tesla price cuts made last weekend. It might also be EV tax-credit-eligible while other Model 3 versions aren’t.

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