As gas prices in Canada have reached record highs in recent weeks, more Canadians are considering electric vehicles. Some experts say these price increases are here to stay. On Thursday Ottawa pledged $3 billion to make electric vehicles more affordable, including setting up a network of charging stations, and $3.8 billion on a mineral strategy.
For first-time electric car buyers, understanding the different technology and costs associated with the purchase could seem daunting. Electric vehicles will generally cost more up front than traditional gas-powered vehicles. Studies show that over time, electric vehicle owners save more money than gas-powered vehicle owners.
A report by Clean Energy Canada, a research group at the Centre for Dialogue at Simon Fraser University, compared the ownership costs of six popular electric car models with the ownership costs of gas-powered equivalents. A special advisor Mark Zacharias said “what we found is that in every comparison we made, the electric car comes out cheaper than the gas alternative,”
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