N.Y.C. Saving Money With Electric Vehicles

The price of electric cars is dropping, and this together with lower lifetime costs makes them a good alternative for vehicle fleets.

1 minute read

April 2, 2019, 5:00 AM PDT

By Camille Fink


Electric Cars

Sopotnicki / Shutterstock

Electric cars are not cheap, but prices are continuing to drop. Along with state and federal incentives and lower fuel, maintenance, and repair costs, these vehicles look to be a good option for fleet owners, reports Michael J. Coren.

Coren says that data about electric vehicles in fleets is not substantial enough to draw definite conclusions, but recent evidence from New York City suggests that the investment in electric vehicles is paying off in the long run:

In what it calls the first analysis of its kind (pdf), the city analyzed fuel and maintenance costs for 1,893 of its 9,196 light-passenger vehicles in 2018. It found servicing costs with all-electric vehicle models was less than for gas, hybrid, and hybrid plug-in models.

The all-electric Nissan Leaf and hybrid plug-in Toyota Prius are especially good values when factoring in the purchase price of the vehicles. "Despite slightly higher initial prices compared to the gas-powered Ford Fusion, the Leaf is expected to save the city $8,748, or 21% of the expected $41,328 for the gasoline car over the course of nine years," writes Coren.

Monday, March 18, 2019 in Quartz

Young Professional

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban and Environmental Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban and Environmental Planner

Get top-rated, practical training for planners

"Planetizen federal action tracker" logo superimposed over black and white image of US Capitol dome.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

September 16, 2026 - Zachary Whalen

Overlapping highways

The state-sanctioned urbicide of Austin

People don’t kill cities. Freeways do.

September 8, 2026 - Benjamin Schneider

The Hoover Dam blocking the Colorado River. The river's water level is noticeably low. The cliffs surrounding the blue water are brown and jagged.

US to reduce Colorado River water deliveries to Mexico

A new Colorado Treaty amendment reduces Mexico’s Colorado River water allocation by 250,000 acre feet.

September 11, 2026 - The Arizona Republic

A coal power plant in Iowa billows smoke into the air.

Nation's most wind-powered state turns to coal as data centers increase energy demand

For the first time in decades, Iowa has increased its generation of coal power.

2 hours ago - Inside Climate News

A sign on a fence describing the rain garden behind it.

NYC cools commuters with city's first rain garden above a bus stop

New York City officials say the plants in the rain garden can absorb 16 gallons of rainwater during heavy storms.

3 hours ago - Gothamist

A map showing Brightline West's intended route from  Las Vegas to Rancho Cucamonga, California.

Brightline West’s future may rely on $6 billion federal loan

The company has until Nov. 2 to make a $400 million equity investment into its proposed high-speed rail line.

4 hours ago - Smart Cities Dive

FREE Course: Walkable City 1: Why Walkability?

After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.

Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold

The course focuses on the opportunities and imperatives that shape reinvention of mall sites.