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Electric cars already cheaper to own and run than petrol or diesel – study (Dec 2017)

Although this article is more than 2 years old, it is interesting to learn that electric cars were already cheaper to own and operate than those running on gas or diesel. And the good news is that EVs will get cheaper as more models come out in the coming years.

"Electric cars are already cheaper to own and run than petrol or diesel cars in the UK, US and Japan, new research shows.

The lower cost is a key factor driving the rapid rise in electric car sales now underway, say the researchers. At the moment the cost is partly because of government support, but electric cars are expected to become the cheapest option without subsidies in a few years.

The researchers analysed the total cost of ownership of cars over four years, including the purchase price and depreciation, fuel, insurance, taxation and maintenance. They were surprised to find that pure electric cars came out cheapest in all the markets they examined: UK, Japan, Texas and California."

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