In the Long Run, Does it Make Financial Sense to Purchase an Electric Car Instead of a Gas-Powered Vehicle?
Right now, it's still tough to say. Electric cars tend to be more expensive than their traditional counterparts. And you'll have to eventually replace the batteries in your car, which can cost thousands of dollars. On the other hand, electricity is cheaper than gasoline and you'll usually save money on a per-mile basis. And some regions -- like California -- offer major tax incentives and rebates for drivers who purchase electric vehicles.
- Electric Vehicles Quiz
- Debunking Electric Car Myths
- 12 Myths About Electric Vehicles
Is an all-electric car a bad investment? Keep reading to learn about electric cars and if an all-electric car is a bad investment.