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The cheapest cars and EVs to own and operate in 2024

  

Category:  Alternative Energy

By:  outis  •  3 weeks ago  •  14 comments

The cheapest cars and EVs to own and operate in 2024

Autoblog ran two articles in succession.

So you get a TWOFER!

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It's interesting to compare the two lists. 


The cheapest cars to own and operate in 2024
Honda Fit is a winner for fuel costs and insurance premiums, report from Zutobi says

original

We’ve all been talking about   new car prices   and how they’ve pushed many potential buyers out of the hunt, but what about the costs after the purchase? After all, the money you plunk down at the   dealer   is only the beginning, as there are fuel costs,   insurance , and more to worry about. Online driver’s ed provider   Zutobi recently released   a study of the most and least expensive vehicles to operat, and the cheapest models might look foreign to many U.S. motorists.

They’re foreign because they’re small, relatively affordable cars, which seem to have fallen out of favor in our SUV- and truck-crazy car markets. The   Honda Fit   was the cheapest car to operate, with an annual cost of $5,348. The   Hyundai Accent   was second at $5,468, and the   Honda Civic   came third at $5,480. The top 10 cheapest cars to run include:

  1. Honda Fit (2018): $5,348
  2. Hyundai Accent: $5,468
  3. Honda Civic: $5,480
  4. Mini Cooper   Convertible : $5,543
  5. Toyota Yaris   (2020): $5,615
  6. Toyota RAV4 : $5,618
  7. Toyota Corolla : $5,627
  8. Nissan Rogue : $5,654
  9. Honda CR-V : $5,656
  10. Subaru Forester : $5,656

While many of the vehicles on that list are among the most reliable models on sale, Zutobi didn’t look at   repair   costs for its averages. The total cost to run each car is   calculated   with annual fuel and   insurance costs , so while the Toyota RAV4 costs the same to insure as the Honda Fit ($1,440), the   RAV4 ’s higher fuel costs knocked it down the list a bit.

Zutobi also calculated the   most expensive vehicles to own and operate , and unsurprisingly, there are plenty of large trucks and SUVs. The most expensive model was the   Ford F-150 Raptor   with the 37-inch tire option, clocking in at $7,681. The   GMC   Sierra came in at $7,301, and the   Toyota 4Runner   landed at $6,974.




The cheapest EVs to own and operate in 2024
They don't take gas, but there are still plenty of costs involved

original

There’s a lot of uncertainty surrounding EVs in many peoples’ minds, ranging from where and how they’ll charge to how reliable the vehicles will be in the long term. While it’s true that they don’t have the same routine maintenance needs as gas vehicles,   EVs do cost money   to run, whether it’s charging,   insurance , or tires. Driver’s ed company   Zutobi recently ranked EVs   on their running cost, and the list-topping models to own and operate may surprise you.

The   Nissan Leaf   was ranked cheapest to run, with a total cost of $3,626 per year. The   Ford Mustang Mach-E   tied the   Nissan   at $3,626, and the   Hyundai Kona Electric   came third at $3,641. The top 10 list:

  1. Nissan Leaf: $3,626
  2. Ford Mustang Mach-E: $3,626
  3. Hyundai Kona   EV: $3,641
  4. Chevrolet Bolt EUV : $3,654
  5. Hyundai   Ioniq 5: $3,694
  6. Audi   Q4 E-Tron: $3,830
  7. Tesla Model Y : $4,247
  8. Tesla Model 3 : $4,432
  9. Porsche Taycan   4: $4,582
  10. Tesla Model S : $5,318

It’s important to note that Zutobi did not include factors like reliability and cost to register in its assessment, but insurance and charging costs can be significant. Zutobi said it used the vehicles’ utility kWh rate multiplied by the average miles driven per year to calculate its rankings. Interestingly, the   Model S   made the list of vehicles with the cheapest replacement parts, while the   Model Y   and   Model 3   made the list of the most expensive.

Zutobi also ranked the   most expensive gas vehicles to own , calling the   Ford Raptor   out as being the worst. The GMC Sierra and   Toyota 4Runner   followed close behind. Registration can be a significant expense, depending on the state, with North Dakota being the worst at up to $274 to register a car, depending on the weight. Arizona, Hawaii, and Mississippi had the lowest registration rates, as cheap as $12 in some places.


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Outis
Freshman Expert
1  author  Outis    3 weeks ago

I'd go for the Spectre...

 
 
 
cjcold
Professor Quiet
1.1  cjcold  replied to  Outis @1    3 weeks ago

My last two vehicles have been 4x4 regular cab Toyota Tacoma's.

Best light duty trucks ever invented!

 
 
 
cjcold
Professor Quiet
1.1.1  cjcold  replied to  cjcold @1.1    3 weeks ago

Toyota needs to get their head out of their ass and build another single cab, short wheelbase, full bed 4x4 Tacoma.

 
 
 
Outis
Freshman Expert
1.1.2  author  Outis  replied to  cjcold @1.1.1    3 weeks ago

That's not what sells in America nowadays. That's a machine for work. Most pick-ups today are status symbols.

 
 
 
cjcold
Professor Quiet
1.1.3  cjcold  replied to  cjcold @1.1.1    3 weeks ago

My 2013 is the last one they made.

 
 
 
cjcold
Professor Quiet
1.1.4  cjcold  replied to  Outis @1.1.2    3 weeks ago

Don't imagine I'll ever sell my 2013 Tacoma. 

Like Mary Poppins it is practically perfect in every way.

 
 
 
Buzz of the Orient
Professor Expert
1.2  Buzz of the Orient  replied to  Outis @1    3 weeks ago
"I'd go for the Spectre..."

Then you'd better watch out for James Bond.

 
 
 
Buzz of the Orient
Professor Expert
2  Buzz of the Orient    3 weeks ago

Hybrids are orphans?

 
 
 
Outis
Freshman Expert
2.1  author  Outis  replied to  Buzz of the Orient @2    3 weeks ago

Good question. 

Rationally, hybrids and plug-in hybrids are tweeners - expensive, too. But since most car purchases are irrational, and these products reduce range anxiety... there's a market for them.

 
 
 
Kavika
Professor Principal
3  Kavika     3 weeks ago

This is a timely article as the US is facing an auto insurance disaster with the cost of auto insurance skyrocketing. Florida has the highest auto insurance in the US. Around 20% of drivers in Florida do not have insurance and we are not even number one, Mississippi, Michigan, Tennessee, NM and Washington have higher rate.

Mississippi had the highest uninsured motorist population in 2019 at 29.4%, followed by Michigan (25.5%), Tennessee (23.7%), New Mexico (21.8%), and Washington state (21.7%).

The cost of an auto is a prime portion of what insurance costs, along with repairs etc. If the EV can come in at a price that is on the lower end as those shown in the article it will have a direct saving on their insurance.

The average selling price of a new auto in the US is $48,000 which is 3 times the cost of my first house.LOL

Knowing the operating costs of the car you purchase is vital in today's pricey world of autos. IMO, the price of cars and operating costs are going to be critical for buyers and if the EV can come up with good stats in these are I believe that it will help their sales efforts.

 
 
 
Drinker of the Wry
Junior Expert
3.1  Drinker of the Wry  replied to  Kavika @3    3 weeks ago

While not the only problem with Florida rates, auto accidents continue to grow faster than per capita or per miles driven.  The biggest factors are distracted driving and speed.  We are becoming an increasingly stupid nation.

 
 
 
cjcold
Professor Quiet
3.1.1  cjcold  replied to  Drinker of the Wry @3.1    3 weeks ago
and speed

Disparity of speed. Slow drivers cause more wrecks than folk driving a few miles over the speed limit.

Most folk drive the speed limit plus 2 or 3.

Old folk who drive 5 under are dangerous.

 
 
 
Drinker of the Wry
Junior Expert
3.1.2  Drinker of the Wry  replied to  cjcold @3.1.1    3 weeks ago

So you remain a consistent law breaker?

 
 
 
cjcold
Professor Quiet
3.1.3  cjcold  replied to  Drinker of the Wry @3.1.2    3 weeks ago

Story of my life.

 
 

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