Cost of Owning an EV

Many buyers hesitate to invest in electric vehicles due to higher upfront costs, but the long-term financial picture tells a different story.

EVs typically have lower running costs since electricity is cheaper than petrol or diesel, and maintenance expenses are significantly reduced due to fewer moving parts. Additionally, governments across the world offer attractive subsidies, tax rebates, and incentives to encourage EV adoption, further lowering costs.

Insurance and charging infrastructure are evolving, making ownership more convenient. On the other hand, battery replacement can be costly if required outside warranty, and resale value is still stabilizing as the market matures. Despite these considerations, EV ownership often results in substantial savings over the years, making it not just an eco-friendly choice but also a smart financial decision for many households.