Electric vehicles, or EVs as they are more popularly known, are a sunrise sector with a lot of government encouragement so that car buyers shift to EVs from Internal Combustion Engine vehicles. Internal Combustion Engine vehicles are referred to as ICE vehicles.

EV buyers are lured by the fuel cost savings that will accrue to them when they buy an EV.

However, any fuel cost savings accrued to an EV owner have to cover the

• higher cost of EVs compared to ICE vehicles,
• insurance premium riders,
• high and probable maintenance expenses,
• battery replacement cost,
• roadside assistance charges, and
• the extra cost of towing the car.

Regarding Total Cost of Ownership, the savings accrued after these expenses are covered can be considered real savings.

Operational savings accrued every month are, at best, an eyewash.

This podcast episode also dwells upon other issues, such as battery recycling and vehicle resale costs.

Another unmissable episode for all EV users, dealers, and battery manufacturers.

To hear this enlightening episode, please tune in to this episode of my podcast.

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