What is the least expensive car to own? A $20,500 Honda Civic? Or, a $33,000 electric car? Jeff Cobb:
When asked whether electric cars stickering in the 30s are more expensive to own than a conventional $20,500 gasoline vehicle, people whose kneejerk response would be “yes” may be in for a surprise… the cost difference between a $20,500 Honda Civic versus a $30,680 all-electric Nissan Leaf and $33,220 extended-range electric Chevy Volt may see the plug-ins coming out ahead.
The keyword is ‘may.’ After that it gets messy as to what constitutes cost. Electricity is less expensive than gasoline. Electric cars require less maintenance than combustion engine or hybrid cars, and often get a tax rebate which further reduces overall cost.
Too many factors, too many variables.