When you're looking to purchase an electric vehicle (EV), you may not be aware of the other costs that are associated with this type of car. Consumer Reports recently researched how much the total cost of ownership is and discovered that EVs are more affordable. Here are some of the main findings based on the research: One of the main reasons why it's more cost-effective to own an EV is because you don't have to spend money on fuel to get around. EVs are powered by a battery that can be charged at home. Consumer Reports found that drivers can have an average savings of $800 to $1,000 on fuel when they own an electric car. Another factor that Consumer Reports researched is the average cost of maintenance and repairs with electric vehicles. They discovered that EVs are easier to maintain and don't require as much upkeep or repairs over time. This adds up to a savings of $4,600 during the lifetime of the car. The lack of fluid changes that are needed offers extra savings and offers a higher level of convenience.