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Study: Mass-market EV ownerships are 18% costlier than ICE cars

According to data collected in JD Power's E-Vision Intelligence Report, over a 5-year period, the vehicle ownership cost of a premium EV is $287 more than its equivalent ICE-powered models. However, the price difference is significantly higher for mass-market vehicles.

JD Power Report - Are Mass Market Buyers Being Priced Out of EVs?

Key Findings Premium EVs Far More Affordable than Mass Market EVs, on Relative Basis: The extra cost that premium automobile buyers are paying to own an electric vehicle (EV) vs. a comparable internal combustion engine (ICE) vehicle is significantly lower than that paid by mass market buyers.

EV charging needs big improvements soon if the auto industry s transition is going to work

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