Electric Vehicle vs Internal Combustion Engine Vehicle: A Total Cost of Ownership Analysis

Electric Vehicle vs Internal Combustion Engine Vehicle: A Total Cost of Ownership Analysis

Under most circumstances, electric vehicles have a smaller carbon footprint than their conventional counterparts. Newer studies suggest that EVs may also have a lower total cost of ownership (TCO), thanks to their much simpler design. Tesloop , a company that combines the features of Uber, bus services, and autonomous vehicles, published a case study showing that a Tesla Model S cost only $10,500 in maintenance and fuel costs, $3500 of which was to repair a headlight that was damaged by the driver. A comparable luxury vehicle like a Mercedes S-class costs about $86,000 in maintenance and fuel for the […]