Electric vehicles haven’t quite caught up to internal combustion models in terms overall cost effectiveness. In fact, if it weren’t for government incentives, there would probably be significantly fewer early adopters willing to shoulder the financial burden for the rest of us. However, EVs will eventually become the cheaper option on the market — with or without a tax credit.
While the obvious fueling benefits drastically reduce the cost of ownership, those savings don’t offset the higher buy-in price, especially with gas prices still relatively low. Batteries aren’t cheap, but costs are estimated to drop by around 77 percent between last year and 2030. That may sound like a lifetime of waiting if you’ve been holding out on an electric but, thankfully, the affordability tipping point should occur much sooner than that. Read More >











![[Image: Ford]](https://www.thetruthaboutcars.com/wp-content/uploads/2017/05/RajNair_6392_HR-610x406.jpg)



Recent Comments