May 28, 2022 – If you’re waiting for longer range, faster charging and lower sticker prices before buying an EV, you might already be missing the boat: An electric car’s total cost of ownership is challenging that of combustion engine cars and may soon make an EV the only logical car to buy.
There’s a long history of technologies taking off once consumers perceive them to be affordable and good enough, not perfect. The EV seems to be on the threshold of that moment, especially if more consumers adopt a realistic take on the range they need in an electric car.
Owners of full battery and plug-in hybrid cars incur only half the repair and maintenance costs of a conventional car and that those driving pure electric cars enjoy 60% savings in energy costs.
