A recent study published in the journal Applied Energy, revealed that the total cost of ownership (TCO) is lower for EVs than comparable traditional vehicles, due to incentives, savings on fuel, less wear on the brakes and fewer moving parts.
Of the three types of electrified vehicle, the pure EV wins out.
The TCO for hybrids was higher than that of traditional vehicles in all regions studied, because they still use fuel, and receive less in the way of incentives. Plug-in hybrids were the most expensive type of vehicle.
Read the article at CleanTechnica.
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