Question 1

Is it cheaper to own an EV or a gas car over time?

Accepted Answer

EVs typically cost more upfront but are cheaper to own over 5+ years due to lower fuel costs (60-75% less than gasoline), reduced maintenance, fewer repairs, and available incentives.

Question 2

What maintenance costs do EVs eliminate compared to gas cars?

Accepted Answer

EVs eliminate oil changes, transmission service, timing belts, spark plugs, and exhaust system repairs, reducing maintenance costs by 30-50% compared to gas vehicles.

Question 3

How do insurance costs compare between EVs and gas cars?

Accepted Answer

EV insurance averages 15-30% higher than comparable gas models due to higher repair costs and battery replacement expenses, though this gap is narrowing as EVs become more common.

Question 4

Do electric vehicles retain their value as well as gas cars?

Accepted Answer

Historically, most EVs (except Tesla) depreciated faster than gas cars, but newer models with 250+ mile ranges are showing improved resale values as the market matures and battery technology improves.

Question 5

How do electricity costs compare to gasoline costs for similar vehicles?

Accepted Answer

Electricity costs average $0.04-0.06 per mile for EVs, while gasoline costs average $0.10-0.15 per mile for comparable gas vehicles, resulting in $500-1,000 annual fuel savings for a typical driver.

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