Low charging costs, reduced service costs, minimal mileage costs. By nature, an electric car keeps your vehicle expenses in check. Add the government grants and incentives, and buying one makes even more sense.
Low charging costs, reduced service costs, minimal mileage costs. By nature, an electric car keeps your vehicle expenses in check. Add the government grants and incentives, and buying one makes even more sense.
- 01.A full charge for a couple of dollars
On average, charging an electric car is cheaper than refuelling a gas-powered car. The average cost of charging an electric vehicle in Canada is around $277.19 CAD per year. Plugging into a fast DC charger at a highway charging station is more expensive than charging at home or at work, but most EV drivers will only do so 6% of the time.
- 02.Low maintenance
Electric cars have far fewer moving parts when compared with conventional cars. Therefore, the service intervals are further apart, and the amount of maintenance that needs to be done is relatively limited. EVs such as Polestar 2 even allow remote diagnostics through their onboard internet connection, meaning that potential technical issues get noticed before they become costly repairs.
- 03.Minimal wear and tear
As electric powertrains are less complicated and more efficient, wear and tear become less of a consideration. Electric motors and battery packs are built to last, and regenerative braking ensures that brake pads and discs endure well. Essentially, tires, wiper blades and washer fluid are the parts that require the most attention. Nothing compared to all the items that can add to the maintenance costs of a conventional car.
- 04.An interesting leasing alternative
The lower running costs of an EV make them a compelling lease option. The monthly rate is usually lower because there's less risk of high maintenance and changing fuel costs. Another plus is that performance EVs like Polestar 2 tend to be more resistant to depreciation (source: Driving Electric).
- 05.Government grants and tax incentives
Plug-in car grants, provincial rebates, subsidies for home charging points. Many governments have introduced incentives to promote electric driving. To help you see the savings, we've listed the most important benefits in Canada.