Electric Vehicle (EV) Cost of Ownership  

If you're not sure whether an electric vehicle is right for you, you might want to consider the long-term cost of ownership. Yes, most new EVs seem expensive initially, but owning one instead of a comparable gasoline-powered vehicle might actually save you money in the long run.

Fuel Savings

First of all, charging an electric vehicle is generally cheaper than fueling a gasoline-powered car, especially with the high price of gas right now. Research suggests that owning an electric vehicle and doing most of your charging at home can save you as much as $1,000 per month on fuel.


Regular maintenance on an electric vehicle is also much easier and less expensive than it is with other vehicles. Not only are electric vehicles less mechanically complex than traditional cars, but they don't need the same regular fluid changes as other vehicles. You still need to complete some maintenance and repairs, but you can expect to spend about half as much money over the lifespan of your vehicle when you drive an EV.


Electric vehicles also tend to hold onto their value better than many gasoline-powered vehicles, especially now that newer models can drive up to 200 miles on a single full charge.

As you can see, the lower cost of owning an electric vehicle might make it worth the higher price tag. If you're interested in purchasing an electric vehicle, contact our dealership to take a look at our inventory. We'll be more than happy to assist you and help you find the right vehicle for you.

If you want to learn more about whether an EV may be right for you, feel free to contact our dealership here in Springfield. 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.

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