EVs cheaper to run but cost must come down to drive sales: PBO

It is already more cost effective over the long term to buy an electric vehicle than a gas-powered model, but the savings must get substantially higher if Canada is to meet its EV sales targets, the parliamentary budget office concluded in a new analysis.

EVs cheaper to run but cost must come down to drive sales: PBO
a close-up of the charging port on a blue electric vehicle.

It is already more cost effective over the long term to buy an electric vehicle than a gas-powered model, but the savings must get substantially higher if Canada is to meet its EV sales targets, the parliamentary budget office concluded in a new analysis.