Research Reveals EVs Are Affordable to Maintain, But Costly to Repair
【Summary】Analytic firm We Predict found that servicing an electric vehicle could cost more than servicing a car with an internal combustion engine.
One of the major benefits of owning an electric car is that they supposedly require zero maintenance. Forget about oil changes, spark plugs, and timing belts. All consumers have to worry about with electric vehicles are brakes, tires, and suspension, so they're supposed to be far more affordable to maintain. That means EVs are supposed to be cheaper to own. Well, that's the theory behind electric vehicles, anyway. Research from analytical firm We Predict reveals that EVs aren't that much more affordable to own than internal combustion engines.
EVs Aren't That Affordable
According to the firm's research, an EV can cost more to own than a vehicle with an internal combustion engine when looking into service costs (when a vehicle goes in for a repair) and maintenance costs (wear and tear items). In a three-month time frame, the firm found that electric vehicle service costs were 2.3 times higher than a vehicle with an internal combustion engine. At 12 months, service costs for EVs were still 1.6 times higher than a gas-powered car. Service costs for EVs averaged $306, while services for gas cars averaged $189.
While this may sound like a huge issue, the firm has a simple theory for the price difference. EVs are still really new and mechanics are logging longer hours when working on electric cars compared to gas-powered cars. This could be because mechanics are taking a long time to diagnose vehicles and fix them. Since EVs are packing new technology, it's taking mechanics a little while to get up to speed with them.
The research indicates that EVs require 1.5 times the labor hours than gas-powered cars, while labor rates are usually 1.3 times higher. Additionally, mechanics require more certifications and work experience to service an electric vehicle. That could also contribute to the higher prices.
Long-Term Data Isn't Available
On the other hand, maintenance costs for EVs are down compared to gas-powered cars. On average, electric vehicle owners spend $7 to maintain their car within the first year of ownership. Gas-powered car owners spend $30 during the same timeframe. That's just over a short period. We expect that number to grow over multiple years as internal combustion engines require a lot of maintenance around the 100,000-mile mark, but long-term data on EVs isn't available yet.
According to We Predict, the auto industry is still in the initial phase with EVs. The majority of things are still in the teething phase when everyone's learning about them and the idiosyncrasies that go along with them. But for the time being, early adopters are looking at spending more on servicing their electric vehicle than they would with a comparable gas vehicle.
Vineeth Joel Patel
Joel Patel has been covering all aspects of the automotive industry for four years as an editor and freelance writer for various websites. When it comes to cars, he enjoys covering the merger between technology and cars. In his spare time, Joel likes to watch baseball, work on his car, and try new foods
Mercedes-Benz EQS Gets an EPA Estimated Range of 350 Miles
2022 Ford Mustang V8 Loses 10 Horsepower Because of Emissions Regulations
AAA Study Finds Driver-Assist Systems Struggle in Bad Weather
J.D. Power Study Finds That New Owners Don’t Use a Lot of Advanced Tech Features
Semiconductor Chip Shortage Could Extend Well Into 2022
Tesla Moving Its Headquarters to Texas, a State Where it Cannot Sell its Vehicles Directly to Customers
Ford Spices Up 2022 Mustang With New Appearance Packages
Report: Rivian Continued to Steal Secrets, Staff After Tesla Lawsuit
- Tesla Reports Record Vehicle Deliveries in Q3 - Without the Help of the Model S, Model X
- Toyota to Invest $13.5 Billion in Electric Vehicle Battery Development by 2030
- China’s Baidu Inc. Opens its ‘Apollo Go’ Robotaxi Service in Shanghai
- Ford Motor Co and Partners are Opening a ‘Smart Parking Lab’ in a Detroit Parking Garage to Test Automated Parking, EV Charging
- Tesla Challenger XPeng Reports Record July Deliveries, its 2nd Consecutive Month of Record-Setting Growth
- GM, Startup Commercial Company BrightDrop Announce Fleet Charging Service
- Ford & Argo AI to Deploy Self-driving Vehicles on Lyft’s Ride-Hailing Network This Year
- Hyundai and its Autonomous Driving Partner Motional Reveal the Next-Generation IONIQ 5 Robotaxi
- Tesla's Record Profits Were Without Emission Credit Sales to Other Automakers
- iPhone Assembler Foxconn Unveils 3 New Electric Vehicle Prototypes as it Prepares to Diversify its Business by Building EVs