Electric Vehicle (EV) Cost of Ownership
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An electric vehicle, or an EV for short, is an excellent way to reduce your dependence on fossil fuels. However, some costs accompany owning and driving one, which is often overlooked. The price of the vehicle is one of the more obvious factors to consider. However, purchasing an EV for a substantial discount on the sticker price is possible if you negotiate well in advance. However, owning and driving an EV is not without costs. Here are some of them. Because they run on batteries rather than gasoline, electric vehicles do not leave you at the pump. If your average commuting is five miles each way, this can save you a good chunk of change on gas per month. Depending on how many recharges you use each month, the savings can be enormous, up to 20% for home charging compared to just 5% for regular charging. The battery is one of the more expensive parts of an EV. Therefore, the less you use it, the more money you'll save. A battery upgrade might not be necessary if your electric car only gets driven a few hundred miles yearly. However, for vehicles that are driven more than once a month, it becomes more likely that you will need to replace your battery because of exposure to extreme temperatures, such as those found in winter climates.
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