EV service, maintenance, and repair costs nearly halved compared to ICE cars, according to Epyx data.
Epyx data reveals EV service, maintenance, and repair (SMR) costs are nearly halved compared to ICE cars, with average three-year garage visits at 1.36 for EVs vs 1.53 for hybrids and ICE vehicles. This is attributed to reduced moving parts and wear in EVs, but higher mileage in hybrid samples could affect comparisons.
August 14, 2024
3 Articles