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EVs cost less over a five-year ownership period in all but two US states, despite higher initial purchase price, a JD Power study says.<\/li>\n
Only in Maine and West Virginia is it more cost effective to run a combustion-powered car.<\/li>\n
EV drivers in some states will save more than $9,000 over five years by picking EV over ICE.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n
The higher purchase price of an EV is sometimes cited as a reason why more people don’t switch to electric power<\/a>. But a new study found that an EV’s lower running costs easily offset that initial hit in 48 out of 50 US states in the long term. And in some cases drivers could save themselves more than $10k.<\/p>\n
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