Are EVs cost competitive with ICE vehicles?

Upfront costs are dropping for all electric vehicles, with many new EVs already being cost-competitive with new ICE (internal combustion engine) vehicles. Consumers can also take advantage of purchasing incentives to help further reduce the price of an EV. There is also a growing used EV market where EVs are available with more affordable price tags. In addition, because EVs require far lower fuel and maintenance costs, you can save significantly by driving electric over the lifetime of your EVs compared to the higher lifetime costs of buying, operating, and maintaining an ICE vehicle.

For more information about currently available EV models and their prices, used EVs, purchasing incentives, and the benefits of driving an EV, check out VELOZ's Electric For All website. 

Show All Answers

1. What is an EV?
2. What are the different types of EVs?
3. What are the different types of EV charging options and their charging speeds?
4. Are EVs cost competitive with ICE vehicles?
5. Do EVs have sufficient range and performance to handle daily travel needs?
6. Where can I find EV charging stations?
7. Are EVs safe?