Electric cars compensate for their higher purchase price by generating lower maintenance costs, according to a new study.
In a comparison with cars driven by conventional petrol or diesel combustion engine, the bills for routine inspection work for electric cars were found to be on average 35 percent lower.
The findings were announced by the Institute for Automobile Economics (IFA), based on research carried out by the University for Economics and the Environment based in Nuetringen-Geislingen, Germany.
The reason for the savings is obvious in one way since electric cars have fewer mechanical and moving parts. They do not need an oil change and their lower weight leads to less brake wear. Their owners are also spared from having to replace exhaust systems or clutches since electric cars produce no emissions and have no conventional gearbox.
The 35-percent lower costs were calculated by comparing a range of eight-year-old compact cars. The owners of cars with combustion engines faced an annual bill of $4,730 for all-electric runabouts.
Most Popular Stories
- NSA Defends Global Cellphone Tracking Legality
- Top Websites for U.S. Hispanics
- Networks Vie for U.S. Hispanic TV Viewers
- Ad Counts Rise in 2013 for Hispanic Magazines
- Apple Wants Samsung to Pay $22M for Patent Dispute Legal Bills
- Starbucks Gets Grinchy; No Gingerbread Lattes for Tampa Customers
- Saab Gets Back into the Game; U.S. Auto Sales Soar
- Jobs Report Brings Cheer As Unemployment Drops to Five-year Low
- Apple Paid Its Lawyers More Than $60MM to Defeat Samsung in Court
- US Consumer Borrowing Rose $18.2B in Oct.