The upfront cost of purchasing an electric vehicle is generally higher than that of a gasoline-powered vehicle. However, this gap is expected to narrow as battery technology improves and production volumes increase.
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Operating Costs
Electric vehicles typically have lower operating costs than gasoline-powered vehicles due to their lower fuel costs and maintenance needs. Electric vehicles do not require oil changes or other routine maintenance that gasoline-powered vehicles do.
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Resale Value
The resale value of electric vehicles can be difficult to predict, as the technology is still relatively new. However, early adopters of electric vehicles have reported strong resale values, as demand for electric vehicles continues to grow.
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