The 10 most expensive EVs and PHEVs to operate for 5 years

Electric vehicles might be an attractive alternative to gas models, especially as fuel prices rise. That said, EVs are generally more expensive to buy, and many can be costly to run, extending the period of time it takes to recoup the extra purchase costs in gas savings. MarketWatch Guides recently studied the running costs of several EVs, finding that some models are approaching gas vehicles’ operating costs.

MarketWatch considered purchase price, fuel/charging costs, insurance, and financing to calculate its list of the most expensive EVs to run. The Porsche Taycan was the most expensive over a five-year period, averaging $53,065 in running costs.

The 10 most expensive EVs to operate over 5 years:

1. Porsche Taycan: $53,065

2. Audi e-tron GT: $48,886

3. BMW iX: $45,076

4. Volvo XC90 Recharge: $42,897

5. Jeep Wrangler 4xe: $41,528

6. Chrysler Pacifica Hybrid: $33,836

7. Ford Mustang Mach-E: $28,505

8. Mini Cooper Electric Hardtop: $28,266

9. Ford Escape Plug-in Hybrid: $27,811

10. Toyota RAV4 Prime: $25,831

While some of the models on the list are plug-in hybrids and not fully electric, the rankings illustrate how difficult it can be to overcome high purchase prices with gasoline savings. Additionally, MarketWatch found that running the Porsche Taycan is only slightly less expensive than the Porsche Cayenne, a powerful SUV with performance gas powertrain options.