If you’ve been looking to buy a new car as of late, you may have noticed that electric cars at the dealership are a tad more expensive than gas-powered cars. That, however, is only the upfront cost and has nothing to do with how much the car will cost you in the years following your purchase. If you want to save money in the long run, then an electric car is the way to go. According to a new study conducted in five European countries, petrol and diesel vehicles cost more over four years than electric cars—owing to a combination of lower taxes, fuel costs and subsidies on the purchase price. Plus electric car owners can also benefit from reduced park and road toll charges. The point is, electric cars will not only benefit your wallet in the long term, but also benefit the atmosphere by not adding more emissions from transportation.
Study: Electric cars are cheaper to own and run than gas-powered cars
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