Electric passenger cars currently cost $5,000 to $6,000 more for their owners to buy and operate than an equivalent fossil fuel car over the vehicle’s lifetime, according to a new study by the Paris-based International Transport Forum (ITF).
But because of the different operating requirement, an electric delivery van costs is likely to cost as much as $5,000 less to own and operate when compared to a similar van running on gasoline or diesel, the same study found.
The study also shows that:
- The costs of reducing CO2 emissions by promoting electric cars, even with low-carbon sources of electricity, remain high.
- In those cases where electric cars already compare favorably to fossil-fuelled vehicles, subsidies may be superfluous.