A total cost of ownership comparison is complicated because it depends on the vehicle type and model, varying gasoline and electricity costs, and driving and charging habits. Most sources agree that while an EV’s initial price may be higher, the long-term savings on fuel and maintenance make them more affordable. The higher upfront cost is why incentives are so important to achieve the EV benefits of cleaner air and reduced greenhouse gas emissions. For more details on clean vehicle costs, refer to Why Choose a Clean Vehicle.
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Financing and Insurance