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Gas-powered vehicles are still a great choice if you're trying to keep costs low. A mid-sized, gas-powered sedan will cost just over $1,000 more annually than the average cost of ownership of a ...
Even though prices are coming down, it still costs more to buy an EV than a regular gas vehicle. The latest data from Kelley Blue Book shows the average cost of a new vehicle in July was $48,424 ...
For now, there’s no question that EVs cost more than gas-powered cars, though the gap is closing. According to data from Cox Automotive, the average transaction price for electric cars was ...
A 2023 Consumer Reports study found that electric vehicles have 80% more problems and are less reliable than their gas-powered equivalents. As the new kids on the block, they are still working out ...
EVs can help fight climate change, but they're also (still) significantly more expensive than gas-powered cars. Research from Cox Automotive and Kelley Blue Book shows that as of April 2024, the ...
After all, EVs cost more... This summer, gas prices have reached nearly $5 a gallon in some states. ... EVs have higher repair costs on average than gas-powered cars. Repairs for EVs cost $1,712 ...
While EVs may have higher upfront costs compared to gas-powered vehicles, Gen Zers and millennials are drawn to the long-term financial benefits of EV ownership. “While the upfront cost of an EV ...
The results showed that the real-world cost of what you’re likely to pay per month during the financing period is lower for EVs than for comparable gas vehicles in 48 states plus the District of ...