A new study comparing the total cost of ownership of electric vehicles (EVs) and their gasoline-powered counterparts found that over the long term and considering various factors, some EVs were less costly but others—in particular, larger and longer-range ones—were more expensive.
The study, carried out by researchers affiliated with the University of Michigan Center for Sustainable Systems, aimed to analyze the total cost of ownership (TCO) for gasoline, hybrid, and electric vehicles while considering a broader range of factors than many previous similar studies.
