Electric Vehicle (EV) Cost of Ownership  

Even though a lot of our customers are interested in purchasing an electric vehicle (EV), they aren't entirely sure about the long-term cost of ownership. If you're interested in an electric vehicle, you'll be happy to know that owning an EV instead of a comparable gasoline-powered vehicle can save you money in the long run. Here's how.

Fuel Savings

The best reason to own an electric vehicle is the money that you'll save on fuel. Most EV owners fuel their cars at home, which saves them anywhere from $800 to $1,000 every year over gasoline-powered cars.


Another reason to own an electric vehicle is that they generally require less maintenance than other vehicles. On average, EV owners can expect to save $4,600 on maintenance over the course of a vehicle's lifespan.


Since electric vehicles don't experience the same kind of wear and tear as comparable gasoline-powered vehicles, they tend to hold onto their value a little longer.

If you want to learn more about whether an EV may be right for you, feel free to contact our dealership here in Cerritos. If you discover you’d like to stick with a gasoline-powered vehicle, we carry a great new and used selection to accommodate your needs.

* Information source is from consumerreports.org and is for general informational purposes only. All information is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information. Under no circumstance shall we have any liability to you for any loss or damage of any kind incurred as a result from use of the posted information on this page. Your use and reliance of the posted information on this page is solely at your own risk.