While EVs are currently priced more than their Internal Combustion Engine (ICE) counterparts, time and technology have made EVs more affordable to own compared to when they were first introduced. Canada also offers incentives to make EVs more affordable for Canadians through the Zero-Emission Vehicles Program
EVs come out on top despite the hefty upfront cost. EVs require less maintenance and automobile part replacement than ICE vehicles. As a result, EV running costs are much lower than its ICE counterparts. The price of electricity is also significantly lower than the price of gasoline. Therefore, with each kilometer driven, the cost of EVs makes it more affordable than owning ICE vehicles. And with the option of having your own EV charging station right at home – you may never have to visit a gas station ever again.