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The Cost of Maintenance and Upkeep for Electric Cars: A Tech Slang-fueled Primer

16 Mar 2023 7 mins to read
So, you’ve been thinkin’ ‘bout gettin’ yourself an electric car? Well, you're gonna have to consider the costs associated with maintenance and upkeep. Not only does driving an electric vehicle have its financial advantages, but it also comes with a long list of maintenance-related benefits, too.
The Cost of Maintenance and Upkeep for Electric Cars: A Tech Slang-fueled Primer
Summary:

Truth is, EVs don’t require as much servicing as their gasoline-powered counterparts, which is a boon when it comes to costs. And while they do require their fair share of upkeep and maintenance costs, the savings compared to a gas-powered vehicle make it well worth your while.

Maintenance: What You Need To Know

When it comes to maintenance, EVs are the clear winners. Fewer moving parts than traditional gas-powered cars means there’s less parts that require scheduled maintenance.

  • No oil or oil filter: No need for regular oil and filter changes, meaning less maintenance time for mechanics and less money spent for owners.
  • No fuel filter: Since there's no combustion process, there's no need to change a fuel filter.
  • No spark plugs: EVs don't use spark plugs, so you don’t have to worry about replacing them.

Savings: Money in the Bank

Not only are EVs cheaper to maintain, but they'll also save you money in the long run. Lower fuel costs, government incentives, and fewer maintenance costs all add up to significant savings.

  • Lower fuel costs: According to the U.S. Energy Information Administration, the average American household spends $1,912 on fuel each year. By comparison, households who operate an EV spend less than half that amount, at an average of $846.
  • Government incentives: Many states offer electric vehicle incentives that can help you save even more money. These incentives can range from discounts on electric vehicle purchases to tax credits.
  • Fewer maintenance costs: Since an EV has fewer moving parts than a traditional gas-powered car, it requires less maintenance and thus, fewer repairs.

The Future of Electric Cars

As the cost of electric vehicles has decreased and the number of EV models on the market has increased, electric car popularity has grown exponentially. According to the International Energy Agency, electric vehicles are projected to make up 41% of global car sales by 2030.

When it comes to upfront costs, electric cars are becoming increasingly affordable - with some even costing less than their gasoline-powered equivalents. And when you factor in the savings on maintenance, it’s no wonder electric cars are becoming the vehicle of choice for many drivers.

The Low Down On Electric Cars

When it comes to maintenance and upkeep, electric cars are the clear winners. Fewer moving parts means less maintenance time and cost, as well as lower fuel costs, government incentives, and fewer repair costs. With EVs becoming increasingly affordable and with more and more models available, electric vehicles are becoming a popular choice for drivers looking to save money while also doing their part to reduce emissions.

electric car charger installation

Energy5 provides end-to-end EV charging solutions for businesses

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Energy5 provides end-to-end EV charging solutions for businesses

From incentives to funding, permits, installation and software, Energy5 is your trusted EVC partner.
Request a callback
electric car charger installation

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Energy5 EV Charging solutions comprise a full range of end-to-end turnkey services for businesses. From permitting to incentive acquisition to installation, management software, and down-the-road maintenance, Energy5 streamlines the whole process every step of the way.
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Energy5 EV Charging solutions comprise a full range of end-to-end turnkey services for businesses. From permitting to incentive acquisition to installation, management software, and down-the-road maintenance, Energy5 streamlines the whole process every step of the way.
HardwareSoftwareAbout UsPrivacy PolicyTerms of Use
Address
300 W Somerdale Rd, Suite 5, Voorhees Township, NJ 08043
Email address
hello@energy5.com
Phone number
(856) 412-4645
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