Canadian Households Can Save Big By Driving Electric Cars: Study

Bartek Szewczyk / EyeEm via Getty Images Canadians can save a lot of money by driving electric cars instead of gasoline-powered ones, according to a new study . A report released last week by environmental group the 2 Degrees Institute showed that Canadians can save from 66 to 77 per cent of fuel and operating costs by driving battery electric cars. It also found that since electric cars have fewer moving parts, as well as less scheduled and virtually no routine maintenance, service costs were also lower. Depending on the province, this could range from $23,000 to $36,000 over ten years, or $27,000 to $38,000 over a vehicle’s lifetime of 250,000 kilometres driven. The study compared two vehicles with their battery electric counterparts: the 2018 Volkswagen Golf hatchback and the 2018 Kia Soul EX hatchback. The electric versions cost an additional $12,850 and $7,860, respectively, in every province but Quebec and British Columbia. Currently, two provinces offer rebates for purchasing electric vehicles: British Columbia and Quebec. Ontario’s electric vehicle rebate, scrapped by Premier Doug Ford in order to make gas prices cheaper, ended Sept. 10. Quebec’s rebates bring the price difference for the Kia down to $4,850, and around […]

Click here to view original web page at Canadian Households Can Save Big By Driving Electric Cars: Study