Electric vehicles are a relatively new technology. Even though we technically saw the first battery-powered vehicles more than 100 years ago, they haven’t really become viable transportation in the modern world until recently.

As viable as they may now be, however, it still seems they’re unarguably more expensive than their conventional internal-combustion counterparts. Well, until now.

Lower maintenence costs and the lower price of electricity versus gasoline actually make electric cars much cheaper in the long run, despite their often higher purchase price, according to a new survey by Consumer Reports. The information was collected using annual reliability surveys conducted by CR in 2019 and 2020.

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