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In the US, people keep new cars for an average of 8.4 years [1], and the average working age adult (age 20-54) drives about 15,200 miles per year [2]. That is o
by 542354234235 5y ago
In the US, people keep new cars for an average of 8.4 years [1], and the average working age adult (age 20-54) drives about 15,200 miles per year [2]. That is over 127,000 miles, and that is average. Obviously if you are someone that trades in their car every 2 years, long term costs aren’t important to you. But lots of people keep their cars over 100k miles, and plenty keep their cars out to 200k. I included 50k and 100k on the maintenance prices, and fuel costs just have to be divided in half for 100k. At basically any distance, EVs and plug-ins are significantly cheaper to maintain and fuel than ICE vehicles.
So maintenance and fuel cost over 100k miles would be roughly:
-EVs $5,125
-Plug-in Hybrids $7,405
-ICE $13,435
[1]https://www.iseecars.com/how-long-people-keep-cars-study https://www.iseecars.com/how-long-people-keep-cars-study
[2] https://www.fhwa.dot.gov/ohim/onh00/bar8.htm https://www.fhwa.dot.gov/ohim/onh00/bar8.htm