Many of our consumers are interested in purchasing an electric vehicle, but they aren't sure if the long-term costs of ownership will be worth the initial price tag. If you're not sure whether or not to buy an EV of your own, you'll be happy to learn that these vehicles will come out ahead. Here are some reasons why.
Fuel Savings
Since you won't have to rely on gasoline when you drive an electric vehicle, you'll be saving a lot of money on fuel. In fact, research by Consumer Reports suggests that EV owners who do most of their fueling at home can save anywhere from $800 to $1,000 every year over those who drive comparable gasoline-powered vehicles.
Maintenance and Repairs
Since electric vehicles don't have all the same moving parts or the reliance on fluids that traditional vehicles do, they are much less expensive to maintain. You can expect to save over $4,000 over the lifespan of your vehicle when you go electric.
Depreciation
Newer electric vehicles may also be holding their value as well as comparable gasoline-powered vehicles, if not better. This is especially the case for newer vehicles that are capable of driving up to 200 miles on a single full charge.
If you want to learn more about whether an EV may be right for you, feel free to contact our dealership here in Frisco. If you discover you’d like to stick with a gasoline-powered vehicle, we carry a great new and used selection to accommodate your needs.
* Information source is from consumerreports.org and is for general informational purposes only. All information is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information. Under no circumstance shall we have any liability to you for any loss or damage of any kind incurred as a result from use of the posted information on this page. Your use and reliance of the posted information on this page is solely at your own risk.
