How much less does it cost to run an electric vehicle?

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It depends on the number of kilometres driven, but the main way you could save is in relative fuel costs versus electricity costs. You could pay more than one-third less on electricity compared to fuel costs for the same car with the same number of kilometres travelled. Over the vehicle’s life, servicing costs will likely be less for an electric vehicle given the absence of regular car parts including engine, transmission, head gasket, filters and spark plugs.