In general, vehicle service costs increase over time, according to We Predict's Deepview Truecost study, but when spending for electric vehicles is broken out, it appears just the opposite is the case. According to We Predict data, the cost to repair an EV after three months of service is more than 2.3 times higher per vehicle than the costs to repair other vehicles. A year after an electric vehicle's launch We Predict found the the number of so-called “incidents” per 1000 vehicles dropped 33% from its initial launch and repair costs declined 27%. “It looks like the EV costs are actually very front-loaded,” explained Davies. As automakers have more experience engineering, building and launching and servicing EVs repair costs will decline even further.

Source: Forbes August 04, 2021 11:00 UTC