Electric vehicles are more affordable than you think

Day after day we get bombarded with news stories about global climate change, and how it’s affecting our planet right now!

And, according to NASA, the burning of fossil fuels is the most important long-lived “forcing” of climate change.

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If we want to reduce climate change, humans must use less fossil fuels, and one of the ways to do that is by driving an electric vehicle.

But, if the cost of owning an electric vehicle has stopped you from purchasing one in the past, keep reading because you may be surprised.

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It is true that upfront costs of an EV are higher than a similar gas-powered models, but yearly savings on fuel and maintenance may be enough to offset what you pay in the long run.

2018 study from the University of Michigan’s Transportation Research Institute found that electric vehicles cost less than half as much to operate as gas-powered cars. The average cost to operate an EV in the United States is $485 per year, while the average for a gasoline-powered vehicle is $1,117.

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For those who still can’t handle the higher purchase price for electric vs. internal combustion vehicles, there’s good news on that front too!

Over the next decade, battery prices are set to fall to just 14% of total vehicle sale price, making the cars much cheaper and more accessible.

As you can see, lower yearly operational costs along with cheaper sticker prices are making electric vehicles a more and more viable option these days.

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Especially if you want to help reduce CO2 to stop, or slow global climate change!

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