A new study from the US Department of Energy’s (DOE) Argonne National Laboratory offers the most comprehensive results yet of the costs of owning and operating different types of vehicles and how costs vary by powertrain.
The study, titled “Comprehensive Total Cost of Ownership Quantification for Vehicles with Different Size Classes and Powertrains,” found that the maintenance costs of battery electric vehicles are 40% lower than ICE vehicles.
Overall, hybrid electric vehicles currently tend to be the lowest-cost powertrain. However, battery electric vehicles will reach cost parity as battery prices drop, and hydrogen-powered fuel-cell electric vehicles will reach cost parity with conventional vehicles as the price of hydrogen drops.
Read the article at Electrek.
