Episode Details
Back to Episodes
The Hidden Cost of EV Ownership - And Why Hybrids Are Winning: Ep. 136
Published 1 week, 1 day ago
Description
Think driving an electric vehicle is saving you thousands? Think again. A new study from AAA reveals that average new vehicle ownership costs have hit a staggering $12,863 per year ($1,071/month) and the most shocking takeaway isn't the total cost, but how EVs actually fare compared to hybrids and gas-powered cars.In this episode, we sit down with Greg Bannon, Director of Automotive Engineering and Research at AAA, to break down the real numbers behind car ownership. We discuss why gas savings alone won't offset electric vehicle ownership costs, how depreciation acts as the "Achilles' heel" of EVs, and why hybrids are currently the smartest financial choice for new car buyers.
Learn more about your ad choices. Visit megaphone.fm/adchoices