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JD Power: Ownership costs of mass-market EVs are 18% higher than their ICE counterparts

According to data collected in JD Powers E-Vision Intelligence Report, over a 5-year period, the vehicle ownership cost of a premium EV is $287 more than its equivalent ICE-powered models. However,
Brent Gruber E Vision Intelligence Report Ford Mustang Mach E Executive Director Global Automotive Jd Power Ownership Costs Of Mass Market Evs Are 18 Higher Than Their Ice Counterparts

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JD Power Report - Are Mass Market Buyers Being Priced Out of EVs?

Key Findings Premium EVs Far More Affordable than Mass Market EVs, on Relative Basis: The extra cost that premium automobile buyers are paying to own an electric vehicle (EV) vs. a comparable internal combustion engine (ICE) vehicle is significantly lower than that paid by mass market buyers.
United States Kristen Richter A Bentley Bentayga Stewart Stropp Elizabeth Krear Brent Gruber

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