EVs are more expensive than gas cars, right? Wrong. With tax credits, lower fuel costs, and reduced maintenance expenses, EVs are cheaper to own, especially when financed like most new car purchases are. 

Kudos to Christopher Harto and the team at Consumer Reports, who just released an updated #EV ownership cost analysis and factsheet. Their findings are noteworthy.

They looked at six mainstream EVs that qualify for at least part of the Inflation Reduction Act tax credit, and all six offered savings in the first year of ownership when financed! Lifetime savings averaged about $10,000, ranging from $6,000 to $12,000.

Harto notes that "the savings are despite 3 of the 6 EVs selling at significant markups and many of the comparable ICE vehicles selling at significant discounts to MSRP (analysis is based on market price), meaning savings have room to grow as EV prices get back to MSRP or less."

Currently, EVs are not for everyone. But for those ready to kick gas, we need to get the word out that EVs can save you money starting day one.

View the full fact sheet here: https://lnkd.in/gAwc7wJz