Estimated Total Annual Driving Costs for:
|Total Cost per Kilometre||0|
|Fuel Cost per Year||0|
|*Cost is representative of owning or leasing a vehicle for 5 years.|
These prices are provided by gasprices.caa.ca
The reduction in value of a vehicle incurred during a given period of time. At the present time, EVs have a greater depreciation due to a varieties of factors, and may change in the coming years. Factors include: perception that technology is new and untested, low demand and government rebates artificially lowering the rate.
The cost of keeping your vehicle in running order, including the OEM recommended maintenance schedules and unscheduled maintenance costs (ex. tires and battery).
The cost for maintaining a driver’s license and registering the vehicle in your province.
The cost to insure a vehicle, which depends on a variety of factors. Assumptions are based on a driver under the age of 65, six years of driving experience with no accidents, living in a suburban/ urban location, personal use, with a $500 deductible. We also include personal liability, medical, property, and insurance for an uninsured driver.