From a simple mechanical standpoint, electric vehicles have fewer moving parts, so they should be easier to maintain, right? In truth, data from an analytics company recently suggested that electric vehicles are more expensive to maintain, even though the cost of maintenance decreases the more you use them, reports Automotive News.
Engineers are often quick to attribute costly service expenses to the lack of owner service options on new generation cars. What’s more, engineers say, under the guise of intellectual property protection, electric vehicle manufacturers are able to impose inflated bills for minor repairs. And it looks like, for now, electric cars really cost a bit more.
Ultimately, the assessment of higher maintenance costs did not come from one-off reports, but after performing an analysis of 19 million vehicles between the years 2016 and 2021.
The analytics company, We Predict, uses machine learning and predictive methodology to anticipate and accelerate decisions on products, market and financial performance. At a press briefing, the company released data from its analysis, according to which maintaining an electric vehicle costs 2.3 times more after three months of ownership than a gasoline vehicle.
The company says servicing electric vehicles is still expensive after a year, but is only 1.6 times more expensive at this point. Since EV manufacturers run all services for the first year under their warranty, customers don’t really feel the pinch.
Giving details on specific models, the company said that the Ford Mustang Mach-E, which recently set a world record, was the most profitable during the three month ownership period. Its service cost was $ 93 per vehicle, much lower than that of the second Audi e-tron with a service cost of $ 366 per vehicle. Porsche Taycan’s costs were $ 667 per vehicle, while Jaguar I-Pace services were valued at $ 834.
Providing details of their analysis, the company said that since the electric vehicle industry was still in a “start-up phase,” service technicians were spending twice as much time diagnosing problems and 1.5 times as much. time to resolve them than they would for a conventional car. This resulted in a 1.3 times increase in labor costs.
Most of the issues were with wiring or charging, while EVs also encountered issues with the wheels which could be attributed to the cars’ heavier weight due to the batteries they carry.
Surprisingly, the analysis doesn’t mention Tesla Motors, and we’ve reached out to the company for comment. We will update the story if we hear from them.