June 2025: Total Cost of Ownership Fact Sheet

June 2025: Total Cost of Ownership Fact Sheet

EVs—new or used—offer more predictable fueling costs, major savings on maintenance, and reliable battery performance. Real savings can be found in each state. With incentives, EVs often cost $6,000–$10,000 less over a decade of ownership compared to gas cars.

TOPLINE:

  • EVs save money over time, and incentives help even more.
  • There are real savings to be had across the country.
  • Gas prices are volatile — EVs run on predictable electricity.
  • Electricity is 100% domestically produced.
  • Used EVs are more affordable than ever.
  • EV batteries go the distance.
  • There are resources available.
Read the full document, including detailed key facts. Updated June 2025.