According to a study of fuel costs released Thursday by the University of Michigan, the average cost to operate an EV is $485 per year, while the average for a gasoline-powered vehicle is $1,117
This study only examined fuel costs, but the maintenance cost for electric vehicles has also been found to be lower because they have fewer moving parts, no exhaust system, less need for cooling, less abrasive braking options, and no need to change “oil, fan belts, air filters, timing belts, head gaskets, cylinder heads and spark plugs.”
“Electric cars are vastly better than internal combustion devices,” said James Anderson, a Harvard scientist who spoke in Chicago Thursday. He was not referring to the Michigan study, but made his own comparison. “I mean they are incredibly fun to drive, they’re quick, fast, quiet. They don’t have carbon dioxide spewing out of the back.”
Read the article at Forbes.
