Green

TOP 6 Electric Vehicles With Lowest Operating Costs

The cost of owning an electric vehicle is important, though it is calculated in another way that of an internal combustion engine car.

MYEV.com has ranked the cheapest-to-own EVs based on data from Kelley Blue Book and Edmunds.com.

Assessing the cost of ownership for any vehicle, depreciation is not always taken into account.  It is important when buying electric cars, as they often lose considerable value on resale.

Besides, insurance premiums for EVs are also slightly higher than for other vehicles. This is due to the high cost of repairs after an accident because of expensive batteries.

On the other hand, EV owners, as a rule, pay much less for their trips, as charging an electric car is much cheaper than filling a gas tank.

EVs are also cheaper to maintain. They don’t need replacement of some liquids, has fewer settings and moving parts.

Electric cars use a simple one-speed gearbox that eliminates the wear of elements such as spark plugs, valves, an exhaust system, a starter, a clutch, drive belts, etc.

6. Chevrolet Bolt EV

  • New car price: $37,495;
  • Depreciation: $25,028;
  • Maintenance costs: $11,032;
  • 5-year cost of ownership: $36,060.

5. KIA Soul EV

2020 Kia Soul EV
2020 Kia Soul EV
  • New car price: $34,945;
  • Depreciation: $27,607;
  • Maintenance costs: $8,954;
  • 5-year cost of ownership: $36,561.

4. FIAT 500E

Fiat-500e-2014
  • New car price: $34,705;
  • Depreciation: $28,025.
  • Maintenance costs: $5,565.
  • 5-year cost of ownership: $33,590.

3. Hyundai Ioniq Electric

Hyundai-Ioniq-2020
  • New car price: $31,235;
  • Depreciation: $25,613;
  • Maintenance costs: $7,127;
  • 5-year cost of ownership: $32,740.

2. Nissan LEAF

2019 Nissan LEAF Plus
  • New car price: $31,087;
  • Depreciation: $22,407;
  • Maintenance costs: $ 8,680;
  • 5-year cost of ownership: $30,885.

1. smart EQ fortwo

Smart-fortwo_electric_drive-2017
  • New car price: $24,650;
  • Depreciation: $15,587;
  • Maintenance costs $12,490;
  • 5-year cost of ownership: $24,650.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Scroll to top