If you want to know how to determine the best value vehicle in a given product category, ask a Fleet Manager.
Fleet Managers understand Total Cost of Ownership (TCO). They know how to do the math and how to take a big picture look at all three areas that factor into budget planning for a vehicle -- purchase or lease price, energy cost (gas, oil and/or electricity) and projected maintenance costs.
Most people will tell you that the cost upfront for an electric car is typically higher than a comparable ICE vehicle, but that is only looking at part of the picture. The price for an electric car now ranges between $20,000 and $200,000, but in certain provinces or states you can get $8,500 or more back from various governments for the purchase of an EV. In jurisdictions like Ontario, when you buy an EV you can also get up to $1,000 back on the purchase and installation of a charging station.
Fleet Managers that are responsible for purchasing and maintaining dozens, hundreds or even thousands of vehicles, are very excited about EVs from a cost savings standpoint. On average, people in Canada keep a vehicle for 11.4 years now before trading it or selling it. Over this period, EVs can really save owners a lot of money because EVs have fewer moving parts to replace. With an all electric vehicle like a Nissan Leaf for example, there are no oil or filter changes. Because of regenerative braking on EVs, the brakes also last a lot longer and save you money in the long run. So the reality is that EVs can cost significantly less to own than conventional vehicles.
Here are some handy websites to help make an informed decision on the TCO just like a Fleet Manager does. Not all information may apply to your country, province or state, but these tools will provide you with the basic ideas to make a more educated decision about a future electric vehicle purchase.
Kelly Blue Book