With so many signs pointing to the future of driving being electric, it’s more important than ever to understand electric vs gas car costs. Governments are getting on board too by building charging stations nationwide and offering tax credits up to $7,500 for purchasing a new EV.
Many major automakers have already invested billions of dollars into expanding their electric vehicle lineups and are expanding out into trucks, freight, and SUV body styles. The price of the all-important electric battery has been dropping over the years too, making them more affordable each year. In fact, Morgan Stanley predicted that 72% of all car sales will be electric by the year 2040. Within 20 years, it’s likely to be very difficult to actually buy a brand new car that still runs on plain ol’ gasoline. Until that day actually arrives though, the debate between electric vs gas-powered vehicles rages on. This is why WalletGenius set out to answer the question with this well-researched infographic.
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