Understanding EV Cost of Ownershipwith Billy Howell Ford
Joining the electric vehicle revolution can be equal parts exciting and daunting. At our Ford dealer near Milton, we understand your concerns and are committed to guiding you through the true costs of owning an EV in Georgia. Let's take a dive into some frequently asked questions about EV cost of ownership.
EV Ownership Costs Q&A
01What are the costs associated with EV ownership?
While the cost of buying or leasing a new Ford EV might be the most obvious answer to this question, there are several other cost elements to consider. These can include charging, repair and maintenance costs, among other things, not to mention insurance and taxes.
Of course, gas-powered cars incur all these same expenses, and typically cost more to service or refuel than a comparable EV. In short, there are few costs incurred by EVs that aren’t shared by traditional vehicles, and those that are EV-specific – such as charging an electric car – are usually less than the comparable costs for cars still running on gasoline.
02Is maintaining an EV more expensive than a traditional vehicle?
Usually not. EVs have fewer moving parts than traditional cars, which often equates to less maintenance. Routine replacements such as oil changes are not required for EVs, potentially lowering overall maintenance costs.
03How much does it cost to charge an EV?
The cost to charge an electric car is influenced by several factors, including your home electricity rates and your EV’s battery capacity. Generally, charging an EV at home is significantly cheaper than fueling a gasoline car. You can also find affordable -- or even free -- public EV chargers in Georgia and elsewhere around the country.
04Do EVs qualify for tax incentives?
Oftentimes, the answer is yes. Many Georgia EV buyers will be able take advantage of federal electric car tax credits, as well as any state incentives that may be available. These EV rebates and tax credits can help lower the initial purchase cost, further tilting the EV cost-benefit analysis in favor of these zero-emissions cars.
Buy a New Ford EV in Georgia Today
Monitoring EV news and being aware of any local and federal electric car incentives can significantly reduce the cost of EV ownership, regardless of whether you drive a new Ford F-150 Lightning or any other new model that trades gasoline for electrons. To learn more about the costs of ownership associated with EVs, contact Billy Howell Ford, we're here to help you navigate your journey into EV ownership. Visit us today to explore the latest Ford EVs and embrace zero-emissions driving.