Home cars Half of 2024 EVs have lower 5-year ownership cost vs. ICE

Half of 2024 EVs have lower 5-year ownership cost vs. ICE

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Many EVs have a lower five-year cost of ownership than comparable gasoline models, according an annual roundup from Vincentric, a source for ownership cost calculations for websites and automakers. Vincentric’s analysis covers eight factors: depreciation, fees and taxes, financing, fuel cost, insurance, maintenance, opportunity cost and repairs…

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