Electric vehicles save drivers thousands of dollars over life of vehicle: Report

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Electric vehicles save drivers thousands of dollars over life of vehicle: Report
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Sixty per cent of Canadians say it\u0027s time to buy an EV and 51 per cent say they\u0027ll never buy another gas\u002Dpowered vehicle.

The report compares the total ownership costs of electric vehicles compared with their gas-powered equivalents, from purchasing, to refuelling, to maintenance.“We looked at all the costs,” said Trevor Melanson, communications director with Clean Energy Canada, “and in every single comparison, the electric car came out cheaper.”

Assuming gas prices of $2 per litre, Chevrolet’s popular battery-powered Volt offers nearly $30,000 in savings over the eight-year life of the vehicle, when compared with the similar, gas-powered Toyota Corolla hatchback, according to the report. “The poll results show that rising fuel prices are a big catalyst in changing Canadian attitudes towards EVs,” Peter Hatges, national automotive sector leader of KPMG in Canada, said in a statement.Article content

“The biggest challenge right now is not demand, it’s supply,” said Melanson. “The dream is that you can just go to a car dealership, see anything you like and just drive it home.”

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