Used Electric Vehicles Deliver Consumer Savings Over Gas Cars

New research shows used electric vehicles in California are less expensive to own than comparable gasoline-powered vehicles over a typical five-year ownership period, demonstrating the potential for greater EV adoption by lower and middle-income consumers. The analysis finds average EVs save $1,100 for model year 2017 and $500 for model year 2018, but are 40 percent cheaper compared to the average used gas car with the maximum incentive under California’s Clean Cars 4 All program. The report also includes priority policies applicable in the state and nationwide to support rapid, equitable adoption of EVs and create jobs.

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