Tesla's Model 3 and Model Y, and Ford's F-150 Lightning also won their categories in KBB's 2023 5-Year Cost to Own Award.
Electric vehicles may be more expensive to buy outright than their internal combustion engine counterparts, but what matters more for the buyer is the total cost of ownership, which factors in costs like fuel, maintenance, insurance, and even vehicle depreciation.
Obviously, these costs vary from vehicle to vehicle and can add up to many thousands of dollars over time. That is why it's important to know what models have the lowest total cost of ownership., which picks winners in every category from eligible 2023 model-year vehicles. The awards recognize new vehicles with the lowest projected ownership costs over the initial five-year ownership period.
Obviously, our focus here is on electric vehicles, so here's what you need to know. There are five battery electric vehicles that dominate their categories in this year's awards – Electric Car, Electric Luxury Car, Electric SUV, Electric Luxury SUV, and Electric Truck.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
School staffers charged after 7-year-old special education student told to eat his own vomitFive staff members at a suburban Indianapolis school have been charged with neglect or failure to report neglect after a 7-year-old special education student was told to eat his own vomit, authorities say.
Read more »
KBB's best family vehicles for 2023 includes SUVs and minivans - AutoblogJapanese and Korean-branded models dominated this year’s list of the best family cars, as selected by experts at Kelley Blue Book.
Read more »
Community pays tribute one year after death of 13-year-old Eli Mitchell'HE LIVED BIG' - It has been exactly one year since a 13-year-old West Jordan boy was hit and killed by a drunk driver and family, friends, law enforcement officials and others gathered to commemorate his life. ChrisArnoldTV
Read more »
American Airlines reports first-quarter profit for the first time in four yearsThe Fort Worth carrier produced a record $12.2 billion revenue, a 37% year-over-year increase.
Read more »
Brian Walshe accused: What we've learned about alleged murder of Ana WalsheAna Walshe, a 39-year-old mother of three, disappeared New Year's Eve.
Read more »
I own a ‘haunted’ pub — watch as this ghost shatters a pint glassSome ghosts say “boo” — but at least one of them says “brew.”
Read more »