Don't be fooled by the promise of saving money with EVs.

Want to save money on buying an electric car? The data provided by mechanics and automotive experts might change your mind.

How is the ledger calculated:

• Average price of new cars: EV $65k vs traditional cars $49k (price difference $16k)
• Annual fuel cost comparison: Gasoline car $1,120 vs Electric car $485 (Electric car wins)
• Annual maintenance cost: Gasoline car $1,200 vs Electric car $900 (seems electric car is cheaper)

But there are pitfalls here:

1. Battery replacement explosion—After 8-15 years, the battery becomes unusable, and replacing it could cost thousands of dollars, a one-time cost that can be overwhelming.

2. Service Nobility - Electric vehicles are not handled by all repair shops; you must go to an official authorized store, and the prices are 30-50% higher than independent repair shops.

3. Higher Insurance Tax — Higher maintenance costs → More expensive insurance; Expensive car body → Higher premiums

4. Installing a charging station at home — The cost of home charging installation is a hidden expense.

The most heart-wrenching conclusion: In 6 years, electric vehicles are approximately $13,000 more expensive than gasoline vehicles. Even when considering tax credits and energy price differences, it is difficult to make up this gap over the vehicle's lifetime.

The core issue is not that EVs are bad, but that the initial investment is too high and the subsequent hidden costs are underestimated. For those on a tight budget, traditional cars may still be a more practical choice.