Lifetime Cost of Ownership is Similar for Electric and Conventional Vehicles

A new study, conducted by EPRI, compares the Nissan Leaf and the Chevy Volt with convential gasoline vehicles, finding the vehicles can be cost competitive, depending on driving needs. The cost of ownership comparison shows that higher upfront costs can be offset by fuel cost savings. The cost advantage of EV’s is closely tied to fuel costs, becoming more cost competitive as gasoline prices rise.