IntelliTechs · Oct 06, 2026
Whether an EV pays off comes down to how many miles you drive, whether you can charge at home or work, and how long you'll keep the car.
Total cost of ownership is everything a car takes out of your wallet while you own it: the purchase price and financing, fuel or electricity, maintenance, insurance, taxes, and what you get…
Electricity versus gas.
Most EV owners charge at home, and the setup matters more than most buyers expect.
Depreciation is the quiet cost. AAA says EVs lose value faster than gas cars, which is the main reason they rank as the most expensive type to own.
The federal picture is different from a year ago. The IRS says the New Clean Vehicle Credit, worth up to $7,500, is not available for vehicles acquired after September 30, 2025.
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