The Real Cost of Owning Plug-in Electric Cars

The Real Cost of Owning Plug-in Electric Cars

One of the first things the average American considers when shopping for a new car is how fuel efficient the model is. Many consider fuel efficiency to be just as important as safety features and comfort, which is why so many have begun to seriously consider replacing their current gas guzzler with a brand new Plug-in electric car.

 If you’re considering a Plug-in electric car it’s in your best interest to stop and consider the real cost of owning one before you sign a contract with your local auto dealer.

The “Per-Gallon” Cost

Until now, it’s been difficult to discover exactly how much fuel you can expect to save when you make the shift to a hybrid, plug in car. The Department of Energy took steps to resolve that particular problem. They created a calculator that’s allows you to see exactly how much money you’ll save, depending on the current cost of gasoline. When you’re using the eGallon Calculator, to see how much money the plug-in electric car will keep in your pocket, keep in mind that right now the cost of gas per gallon is low and will most likely go up in the upcoming years.

Don’t Focus Just on Fuel Savings

It’s easy to get excited about how much money you’ll save each time you have to fill up your tank, that fail to consider the additional real costs connected to owning a plug in car.

In most cases, when you compare an electric car to the entirely gasoline powered version, you’ll suffer sticker shock. Don’t be surprised when you discover that the plug in costs more, a lot more.

It is important to note that the price difference between conventional and hybrid plug in vehicles differs from one type of car and manufacture to another. Incentives and special offers can also reduce the difference in price.

How the Maintenance Costs Differ

You’ll be pleased to learn that as a rule, the hybrid, plug-in vehicles cost less to keep maintained than their conventional counterparts. Hybrids not only have fewer moving parts, but they also have fewer fluids that need to be changed and replaced.

You’ll save a great deal of money with a hybrid’s braking system which generally hold up significantly longer than the brakes found in conventional systems.

The biggest maintenance cost that the owners of plug-in vehicles experience is battery replacement. Most of the manufactures recommend changing the battery every 3 years, and the cost of the replacement battery can be quite high.

The better you understand the real costs associated with owning a plug-in vehicle, the easier it will be to determine if you should replace your current ride with a hybrid.


 

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