Owning an electric vehicle can save drivers thousands of dollars per year, with $6,000 average savings over the vehicle’s lifetime, but the savings is dependent on rebates, state fees, and the cost of gas and electricity.
As gas prices escalate in the United States, many Americans are considering investing in an electric vehicle. The initial purchase price is a deal stopper for some, but when you look at the numbers, it appears that owning an electric vehicle is, in many states, actually cheaper on a monthly basis than a gas-powered vehicle. A study conducted by Energy Innovation Policy & Technology LLC finds that in most states, new electric vehicles (EVs) are cheaper to own on a monthly basis than gasoline-powered vehicles from the day they are driven off the lot.
Recent Comments