Are Electric Cars Cheaper To Operate Than Gas Cars?
We know that electric cars are cleaner, greener and less smelly than gasoline or diesel cars, but are they also cheaper?
In this new video, ThEVox Network explains this new argument. For now, it is undeniable that electric cars, with their latest battery technology and limited economies of scale, are more expensive to buy than equivalent gasoline or diesel cars. Despite these additional fees that you can pay each month, you also need to factor in all of the other significant, and often hidden, costs associated with owning a car. Items like fuel, maintenance, and taxes all come together in what’s known as your total cost of ownership.
The price of a zero-emission vehicle is already subsidized thanks to government policy. While some countries may use tax rebates, exemptions, or credits to encourage sales of electric vehicles, other countries have imposed mandatory, EV-specific sales targets that automakers must meet.
Countries like Italy, Germany and the UK all offer subsidies for government-funded electric cars and there are other incentives to encourage the switch to electricity.
Cities are also introducing regulations to ensure that the air for their residents is both cleaner and safer. The so-called low-emission zones or congestion zones aim specifically to penalize vehicles with high CO2 emissions.
What are the other advantages? Press play and watch this new episode of “I Speak Electric” by ThEVox Network.