If you own an electric car you probably know by now how the economics of it are different from ICE cars. EVs have fewer moving parts, don’t need to replace oil twice a year, and the price of electricity is much lower and controlled than gas, as the article states «The potential savings are huge. Fleet owners’ biggest expenses after depreciation (44%) are fuel (22%) and maintenance and repairs (11%), according to Deloitte. EVs could slash those by more than half.» As an example of this, the article shows how the maintenance cost for an electric Ford Focus is $386 versus $1,805 to maintain the gas version.
Read more: Quartz