• Fewer parts
• Regenerative braking
• Battery life
• Cost efficiency

EVs have overall lower fueling costs and most have lower maintenance costs because they have more simple components and don’t require fluid changes or tune-ups.

Not only are gasoline costs non-existent and maintenance generally less frequent, but available government tax credits for purchasers can save you even more time and money. Learn more about these available incentives.

• Lower Fuel Costs: EVs primarily rely on electricity for power, which is often significantly cheaper than gasoline on a per-mile basis. This translates to substantial savings on fuel costs over time, especially as gasoline prices fluctuate.
• Reduced Maintenance Expenses: Unlike internal combustion engine vehicles, EVs have fewer moving parts and no complex systems like transmissions or exhaust systems. This simplicity results in lower maintenance requirements and costs over the vehicle's lifetime.
• Tax Incentives and Rebates: Many governments offer incentives, tax credits, and rebates to encourage the adoption of EVs. These incentives can significantly reduce the initial purchase price of an EV and contribute to long-term savings.
• Longer Lifespan: EVs tend to have longer lifespans than traditional vehicles due to simpler mechanics and fewer components prone to wear and tear. This means less frequent replacement of major components, such as engines and transmissions, leading to additional cost savings.
• Regenerative Braking: EVs often utilize regenerative braking systems, which convert kinetic energy into electricity during deceleration. This feature not only improves energy efficiency but also reduces wear on traditional brake systems, resulting in lower maintenance costs.

The following states and the District of Columbia have the highest estimated annual EV savings:

1. California: $2,168.00
2. District of Columbia: $2,071.00
3. Washington: $2,443.00
4. Oregon: $2,375.00
5. Nevada: $2,303.00
6. Arizona: $2,147.00

It is recommended to check your tire pressure and wear monthly, and schedule maintenance for a tire rotation every 7,500 to 10,000 miles.

EVs may cost more depending on what kind of power source they use. A plug-in hybrid’s cost can depend on your electrical bill and how often you charge it using public charging or at an at-home charging station. A regular hybrid uses regenerative braking which doesn’t cost money but ends up being more expensive as it relies more on gasoline.

Some of our vehicles that use plug-in charging come with complimentary charging through Electrify America. You simply have to sign up on their website and then access limited free charging at your nearest Electrify America location.

Aside from general electricity bill costs, depending on your vehicle, you may need to purchase a charging cord or plan for an at-home charging station. While there are many public charging locations, an at-home station is recommended. Some vehicles come with at-home charging cords or set-ups, make sure you plan ahead when deciding on a model.

Check out fueleconomy.gov for specific vehicle estimates on how much it will cost to fuel a vehicle annually. Additionally, in the United States, the average residential price per kilowatt-hour of electricity is 15.42 cents.