Electric cars are already less expensive to own and operate than gas-guzzling vehicles, according to study

Exciting news for electric car fans: a new study shows that EVs already cost less over four years than diesel or gasoline-fueled cars in Japan, the United Kingdom (UK), and the United States. Four researchers at the University of Leeds came up with the discovery after scrutinizing the total price tag of ownership including insurance, fuel, maintenance, taxation, purchase price and depreciation. And although the low cost is aided by government support right now, in a few years EVs are expected to be the least expensive option without subsidies.

by Lacy Cooke

Electric cars are already less expensive to own and operate than gas-guzzling vehicles, according to study