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Canada's PBO finds EVs more cost-effective long-term than gas models, but for 2030 targets, savings need to increase by 31%.
Canada's Parliamentary Budget Office (PBO) finds that electric vehicles (EVs) are already more cost-effective in the long term than gas-powered models.
However, for Canada to meet its EV sales targets, savings must increase substantially, with the eight-year cost of an EV model in 2022 noted to be 88% of the eight-year cost of a similar gas-powered model for passenger cars, and 92% for SUVs and trucks.
The operating and maintenance costs for EVs are up to 2.5 times less per year, but higher upfront costs remain a barrier for many families.
The PBO states that for the 2030 targets to be met, the savings would need to grow by 31%, meaning that if the cost of an electric car or truck is currently 95% of buying and maintaining a gas model, it would need to fall to about 65%.
La PBO de Canadá considera que los EV son más rentables a largo plazo que los modelos de gas, pero para los objetivos de 2030, el ahorro debe aumentar un 31%.