Electric Car v/s Petrol Car Ownership Costs Over Five Years: What Is More Affordable & Practical?
Electric cars have become the bee's knees in the present times of sustainability. Apart from saving the environment for a better future, there are other advantages to switching from petrol cars to EVs. However, is the electric car the right option for affordable mobility? In this DubiGuide, we will compare the costs of owning an electric car v/s a petrol car over five years.?
The answer to this question is not as simple as 1+1=2. In fact, there is complicated mathematics involved. But we will keep the equations easy and simple with the right examples to answer this complicated question. Let’s get started with the Algedra, shall we? Kidding!
Purchase Costs
Electric cars, at present, are not the most affordable personal mobility option. Electric cars demand a higher up-front cost as compared to petrol cars for sale in the UAE. However, due to the faster adoption of EVs, the government provides tax rebates to help bring the costs down. The cost of EVs is high because the cells in the battery pack are expensive to manufacture, and constitute 40% of the overall cost of an electric car. In terms of the purchase price, petrol cars are easily accessible as compared to EVs.
Maintenance Costs:
An electric car generally has fewer mechanical linkages and moving parts as the electric motor drives the wheels directly without the need for any gearbox.? In comparison, a petrol car has more moving parts that require frequent inspection and replacement of worn-out parts.?
As a result, electric cars have lower service costs and longer service intervals as compared to petrol cars. Considering a period of 5 years, the maintenance costs of an electric car v/s petrol car will be approximately AED 300 and AED 800, respectively. Again favours the electric car.
Insurance Costs:
Insuring an electric car is higher as compared to a petrol car. Studies and statistics have shown that electric car insurance premiums are almost 1.5 times more than a petrol car. For example: if the Kia Sportage costs AED 2,000 to insure, then a VW ID.4 would cost around AED 3,000.
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Breakdown:
This can turn out to be real trouble for electric cars as the repairability to the mechanic world is still scarce. Also, the electric car has to be towed on all four wheels using a flatbed as the car is not recommended to be pushed or towed from another car using the tow hooks. On the other hand, recovering a petrol car is relatively easy because of the well-versed mechanic world and easy parts availability.
Fuel Running Costs
Resale Value
Conclusion
Read the Detailed Guide To Electric Car v/s Petrol Car Ownership Costs article to know more. Visit DubiCars's Blog for more content on all things automotive.
Looking to buy an electric car? Here are used electric cars for sale in the UAE and new electric cars for sale in the UAE.?
Looking for a petrol car? Here are used cars for sale in the UAE and new cars for sale in the UAE.
Looking for the best of both worlds? Here are used hybrid cars for sale in the UAE and new hybrid cars for sale in the UAE.
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