Rising Ownership Costs: EVs vs. Full-Size SUVs
This year, electric vehicle owners experienced a modest increase in costs, while owners of full-size SUVs, particularly the Sequoia, faced significant hikes due to rising gas prices.
Editorial Staff
1 min read
Updated 24 days ago
Electric vehicle (EV) owners saw their costs rise by just $11 this year, a relatively small increase in the grand scheme of ownership expenses.
In contrast, owners of full-size SUVs, such as the Toyota Sequoia, faced a staggering increase of $1,623, largely attributed to a substantial spike in gas prices.
The disparity in ownership costs highlights the ongoing challenges faced by traditional gas-powered vehicles in an era of fluctuating fuel prices.