cover image: The Scenic Route - Electric vehicles already save Canadians thousands of dollars. In 2024, the electric road trip has never

The Scenic Route - Electric vehicles already save Canadians thousands of dollars. In 2024, the electric road trip has never

26 Aug 2024

2 Clean Energy Canada / The Scenic Route Back to the future Those old enough to remember the gas wars of the ’90s may remember the number 40 cents. [...] In fact, as the cost of pretty much everything else increases, the costs of EVs are coming down, narrowing (and in some cases eliminating) the sticker price gap between them and their gas-powered counterparts.3 All told, when considering the full costs of ownership over the course of a decade—from the car’s purchase price to fuel and maintenance—a typical EV saves drivers roughly $30,000 or about. [...] In the first past year, favouring the gas side of the equation, EVs quarter of the year, the most recent period for which still won on costs by significant margins. [...] Assumes a home charging rate for the first 80% of the EV range and a public charging rate for the rest of the trip. [...] Cost of car (depreciation) Fuel Maintenance and repairs Taxes, insurance, and other costs BUYING A BOLT The 2023 Chevrolet Bolt included in this analysis was discontinued by General Motors, though the automaker subsequently indicated plans to revive the model in 2025.6,7 The Bolt is by far the cheapest electric vehicle available in Canada and was the third best-selling EV in the country last year.

Related Organizations

Pages
16
Published in
Canada

Table of Contents