- What’s the Cost Difference for EVs?
- What Kind of Maintenance Do EVs Require?
- Where Do the Savings Come from?
- Hidden Costs of Owning an Electric Vehicle
- 15,000 miles: Windshield wiper blades replacement
- 36,000 miles: Cabin air filter replacement
- 75,000 miles: Hood and body lift support gas struts replacement
- Every 5 years: Brake fluid and coolant replacement
- Every 7 years: Air conditioning (A/C) unit desiccant replacement
Fewer FluidsICE vehicles contain a large number of fluids which can cost a lot of money over time, and we are not only talking about gas. The most important fluid change is the traditional oil change that can cost from $35 to $125 per year depending on the type of oil you use and your driving habits. For EVs you will not require to expend money on gas or motor oil change, which is how by reducing the number of fluids, the true cost of owning an electric car is also reduced Driveline fluids are highly similar to Automatic Transmission Fluids present in automatic ICE vehicles. These are composed of synthetic oils featuring the right electrical, thermal, and lubricant properties. This fluid improves performance and protects the power transmission for an EV EV coolants are extremely necessary to maintain EV battery temperature levels optimal, reducing the possibility of a thermal runaway. This fluid is implemented on both, Battery EVs (BEVs) and Hybrid EVs (HEVs)
Simpler StructureThere is no hiding that ICE vehicles are manufactured with a complex design of mechanical and electromechanical pieces that are constantly moving. As these pieces move, they deteriorate faster, unless they have regular maintenance Electric vehicle maintenance costs are much lower since these vehicles feature only three main parts: the DC or AC engine (depending on your type of EV), the inverter, and the onboard charger. There are indeed many other parts that have to be checked, but they are smaller and have a lower probability of failure, while ICE vehicles feature many parts that have to be maintained regularly
Battery LifespanAnother important aspect that reduces the cost to maintain an electric car is the lifespan of the battery. First, ICE vehicles feature a battery that has to be replaced at least every four to five years, secondly, the gas pump also has to be changed after 6 to 7 years (100,000 miles) Since EV batteries last from 15 to 20 years and replace the need for a DC starter battery and a gas pump on EVs, this cost is greatly reduced. We should still note, that the EV battery is one of the hidden costs of owning an electric car that we will explain in this article
Regenerative BrakingEVs feature an impressive breaking system known as regenerative braking. This is a unique system that allows EVs to capture kinetic energy and convert it into electrical energy. This converted energy is stored in the batteries, helping EV drivers increase their energy efficiency and save a little money on the battery charge ICE vehicles feature no similar system to help them save money this way battery replacement for popular EV models ranges from $5,000 up to $9,000, however, some high-end and more exclusive EVs feature battery replacements that go over $20,000 Another hidden EV cost of ownership is the cost to charge at public charging stations. Not every EV driver can install a level 2 EV charging station at home, which is why this is an important cost to consider. Some public charging stations charge you up to $0.70 per kWh consumed, this is almost 5 times the cost you would expect to pay when charging your vehicle at home Finally, a surprising hidden cost to own an electric car (specifically a Tesla one) is the cost to unlock certain add-ons for features that use hardware drivers already paid for. One of the most important ones includes the acceleration boost that costs $2,000, but definitely, the most important one is the Full Self Driving mode that costs $15,000. An impressive yet expensive feature to pay for.
CyberSwitching EV Charger on Pedestal
CyberSwitching Dual EV Charging Station