Electric vehicles can be an attractive alternative to gasoline-powered models, especially as fuel prices rise. That said, electric vehicles are often more expensive to buy, and many can be expensive to run, lengthening the amount of time needed to recoup the additional cost of buying them to save on gas. Guide to market monitoring recently researched the running costs of several electric vehicles and found that some models are approaching the running costs of gasoline-powered vehicles.
MarketWatch looked at purchase price, fuel/charging costs, insuranceand funding to calculate a list of the most expensive electric cars currently running. The Porsche Taycan was the most expensive over the five-year period, with an average operating cost of $53,065.
The 10 most expensive electric cars in operation in 5 years:
- Porsche Taycan: $53,065
- Audi e-tron GT: $48,886
- BMW iX: $45,076
- Volvo XC90 Deposit: $42,897
- Jeep Wrangler 4xe: $41,528
- Chrysler Pacifica hybrid: $33,836
- Ford Mustang Mach-E: $28,505
- Little Cooper Electricity hardtop: $28,266
- Ford Escape Hybrid plug-in: $27,811
- Toyota RAV4 Prime: $25,831
Although some of the models on the list are plug-in hybrids and not fully electric, the rankings show how difficult it is to overcome high purchase prices by saving on gas. Additionally, MarketWatch found that the Porsche Taycan is only slightly cheaper to run than the previous version. Porsche cayenne, a powerful SUV with performance gas powertrain options.
The Nissan Leaf To be The cheapest EV operates for 5 years. MarketWatch estimates that the car will cost just $18,509 over five years’ time and Hyundai Elantra Hybrid cars come in second with operating costs of $20,735. Financing and insurance are the two most important costs associated with owning these electric vehicles.
MarketWatch does not use it Depreciation to calculate operating costs but it compared the amount of gas and tram changes in value. Electric cars are initially more expensive but depreciate more over five years, dropping an average of $16,430 compared to $11,722 for gasoline models.
