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Hidden Costs of Owning an Electric Car

02 Jul 2023 | Abstracted from Kelly Blue Book

"...these are not so much hidden costs as they are costs of moving from ICE vehicles to EVs and those you might not realize or consider when calculating the cost of ownership...We aim to expose as many EV cost surprises as possible to help you create and follow a realistic budget.

"...the average cost of a new ICE vehicle was $48,528 in May 2023 compared to $55,488 for the average electric vehicle...the full $7,500 tax credit, it could make up the cost difference...prices have tumbled steadily over the last few months ? down more than $10,000 on average in the past year."

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