It is surprising that many people do not even know how much money they spend on their car(s) each month. And it is not just about the fuel, but about the depreciation of the vehicle, taxes, insurance, parking fees, inspections (plaques), repairs and road tolls.
Do not forget: parking tickets. It pays off to keep an exact tally on all such expenses. Then you will realize fairly quickly that the expenses can double the monthly cost of living – and that switching to electric vehicles can be quite worthwhile from an economic standpoint – despite the (still) high acquisition cost.
Because from now on fuel (electricity) is available at lower costs, inspections are no longer necessary and the need for repairs is reduced dramatically. (HS)
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