A lifecycle analysis by Vincentric found that total cost of ownership (TCO) for electric vehicles underperforms plug-in hybrid electric and traditional hybrid model counterparts. Running EVs more miles per year has a substantive positive impact on TCO.
Wash. State Expects BEVs to Reduce Fleet Costs
Do electric vehicles really cost less to own than gasoline and hybrid vehicles? The State of Washington thinks so — it spent nearly $4,000 less for a Chevrolet Bolt EV in comparison to a hybrid sedan.