Electric cars have benefits, but likely won't save you money
Share
Tweet
February 8, 2018
DETROIT (AP) — Electric cars have a lot of perks: zero emissions, a quiet ride and instant acceleration. But can they save you money? Probably not.
Electric car prices are falling, but they still cost more than equivalent gas models because of their expensive batteries. A $7,500 federal tax credit — which survived the recent tax overhaul — helps erase that gap, but not entirely.
After that, the math gets more complicated. Some states and utilities offer incentives for electric vehicle owners. Plugging in an electric car is generally cheaper than filling up a gas-powered one, but that depends o...
For access to this article please
sign in or
subscribe.
Reader Comments(0)