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Though just about every automaker has announced grand plans to electrify virtually their entire fleets in the decades ahead, full electric cars remain largely niche vehicles, with most to date (notable exceptions being the new Chevrolet Bolt and Tesla Model 3) limited to 100 miles or fewer on a charge. And yet, looking deep into the numbers, one could make a strong case for buying a used EV as a budget-minded second or third model in a family’s fleet, or even primary transportation for someone having only modest vehicular needs. As it is, most used EVs would be sufficient to…
As we outlined in a separate post, astute shoppers should do their homework and choose a new vehicle that has the lowest long-term operating costs to get the most bang for one’s vehicular bucks over time, with depreciation, fuel costs, and insurance premiums being the most significant factors to monitor. Fortunately, the experts at the auto-industry research firm Vincentric have already run the numbers and determined which models deliver the lowest five-year ownership expenses. Here we’re looking at hybrid, plug-in hybrid, and full electric vehicles, while we’re featuring the cheapest-to-own cars, SUVs and minivans, and pickup trucks in separate posts. Vincentric’s breakdowns of ownership costs for all makes and models are included…