Friday, December 08, 2017

Electric cars now cheaper overall than gas or diesel cars

New research suggests that electric cars are now cheaper overall to buy and run than gas cars and hybrids.
The study looked at cars in the UK, Japan, Texas and California, over a 4 year life, taking into account the purchase price (after any available discounts and rebates), depreciation, fuel, insurance, taxation and maintenance. Pure electric cars came out cheapest overall, although mainly as a result of government support and subsidies. It is expected, though, that they will be cheaper even without subsidies in a very few years, if production is scaled up as expected.
Hybrids, which generally attract lower subsidies, turned out to be more expensive than gas or diesel cars over 4 years, and plug-in hybrids even more so.
Just one more reason to go electric.

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