This article compares the running costs of small electric vehicles (EVs) against gasoline vehicles.

Cost Comparison Overview

• Electric Vehicle (EV) Running Costs
• Gasoline Vehicle Running Costs

1. Fuel Costs

The primary cost difference arises from fuel expenses. Below is an illustrative comparison:

2. Maintenance Costs

EVs generally have lower maintenance costs than gasoline vehicles due to fewer moving parts.

3. Insurance Costs

Insurance costs can vary, but on average:

• EVs may cost about 10-20% more to insure due to higher replacement costs.
• Gasoline vehicles tend to be cheaper to insure, especially older models.

4. Depreciation

• Electric vehicles depreciate faster than gasoline vehicles, partially due to technology advancements.
• Gasoline vehicles have a longer history of resale value stability.

5. Total Cost of Ownership

Considering all factors, here’s an estimate of the total cost of ownership over a 5-year period:

6. Factors Affecting Running Costs

• Driving Habits and Patterns
• Availability of Charging Stations
• Local Electricity and Fuel Prices
• Tax Incentives and Rebates
• Vehicle Features and Technology

Mind Map of Key Factors

• Running Costs
  • Fuel Costs
  • Maintenance
  • Insurance
  • Depreciation

Conclusion

In summary, small electric vehicles generally have lower running costs compared to gasoline vehicles, particularly in fuel and maintenance expenses. However, factors like insurance and depreciation can impact the total cost of ownership.