The more you drive your EV, the more you save, UBC study finds

If you want to maximize the economic benefits of owning an electric vehicle in B.C., you better be prepared to drive it — a lot.

The study compared a Hyundai Kona EV with a sticker price of nearly $44,000 versus a gasoline-fuelled Kona with a sticker price of just over $22,000. “So my monthly payments are the same, but because EVs are cheaper to run, then just driving off the lot, I have already started saving money,” he said.RELATED: B.C. drivers love their EVs, but many worry about long road trips: BCAA survey“If I am consumer, if I’m willing to potentially go for a slightly smaller car, with may be a little bit less luxury, a fewer bells and whistles, then in that case, if it is an electric, I’m actually going to be saving money,” he said.

While EVs are definitely an answer to reducing carbon emissions, they “are not the be-and-end-all answer,” Javed said. While they may make economic sense for some, they might not make sense for others based on where and how they live. When asked whether B.C. might offer additional rebates, Osborne said government will wait to see what happens with prices. They are coming down, she added.

Osborne acknowledged that B.C. must “make big changes” to cut greenhouse gas emissions in transportation. It accounts for about 38 per cent of emissions, the largest share of the provincial total.

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sperm whale-hunting orcas may be a new population: UBC studyKiller whales reported attacking world’s biggest predators on the West Coast for the first time
Source: TerraceStandard - 🏆 24. / 68 Read more »

Burnaby Central grads aid UBC to first Canada West men's hockey title in 53 yearsSam Huo was the leading scorer in the 2024 playoffs, while goaltender Kaeden Lane had seven wins in 11 regular season starts.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »

UNBC will take on UBC Thunderbirds in men's basketball playoffT-wolves split two-game series with perennial powerhouse T-birds in January at Northern Sport Centre
Source: PGCitizen - 🏆 65. / 51 Read more »

Woman killed, 2 arrested, near UBC campus landsThe Integrated Homicide Investigation Team says police were called to a residence on the University Endowment Lands after a report of a woman in medical distress.
Source: CBCAlerts - 🏆 37. / 63 Read more »

Xiuhtezcatl Martinez Joins Naomi Klein in Conversation at UBCXiuhtezcatl Martinez, a musician and climate-change leader, joins Naomi Klein in conversation at UBC's Phil Lind Initiative. Martinez has been actively involved in the fight against the climate emergency and has made a significant impact on the conversation around it. The event is part of UBC's dynamic conversation series focused on Pop Politics, which aims to explore how pop culture influences and shapes political life in the United States.
Source: vanmag_com - 🏆 55. / 59 Read more »

EVs are heavier than gas cars, but are they harder on roads?EVs often weigh more than their gas-powered counterparts because of their batteries, but they’re not the heaviest vehicles on the road - that would be transport trucks
Source: globeandmail - 🏆 5. / 92 Read more »