Any time you make major decisions regarding vehicles, especially for fleet owners, it’s important to evaluate the cost-per-mile. It’s easy to lose track of the details over time, but it’s exactly those details that could save you money or lose money for your business. With electric vehicles gaining popularity, fleet owners have to take a close look to see whether they are a worthy investment. Consider these factors to get a clearer picture of the differences between gas and electric vehicles.
The best way to understand the costs of a vehicle is to understand what it costs for every mile it is driven. While your metrics might be a little different when comparing gasoline and electric vehicles, the basic principles are the same. A recent study that compared electric and gasoline vehicles very closely determined that the cost of ownership of both is very similar when the government rebate is considered.
Consider The Cost To Operate
The cost to operate an electric vehicle is higher than gasoline vehicles now and will continue to be for a while. The main reason is that there aren’t as many of them on the road and they take up a small percentage of the overall market. As the production and demand scale up, the cost to operate could come down, but it will likely take several years before this occurs. That’s one of the main reasons why the government is offering incentives to help offset some of the costs.
Explore All Factors To Make Sound Purchasing Decisions
Whether you’re a fleet owner or an average person looking into buying a new vehicle, it’s important to explore all options. Electric vehicles provide great benefits with lower emissions, but they won’t necessarily save any money in your pocket right now. The cost to operate and the cost-per-mile of each type of vehicle are generally similar. Of course, factors like the type of vehicle play a role in the actual costs, so you’ll need to analyze each type and model separately for a true representation.
It can be time-consuming to understand all of the differences and cost considerations between gasoline and electric vehicles. While you want to make an apples-to-apples comparison, the reality is this is much more difficult than it seems. DeBoer’s Auto can help you make an informed purchasing decision so you can feel confident with your next vehicle purchase. We take the cost-per-mile very seriously and believe it’s the best way to know the true cost of ownership of a vehicle. To learn more about this concept or anything else about vehicles, contact us at any time.