Electric Car vs Gas Costs: Which Truly Saves You The Most Money?

With so many signs pointing to the future of driving being electric, WalletGenius dug in and looked at all the costs associated with vehicle ownership of electric vs gas cars. Governments are building charging stations nationwide and offering tax credits up to $7,500 for purchasing a new EV.

Almost every major automaker has already invested billions of dollars into expanding their electric-vehicle lineups. The price of the all-important electric battery has been dropping over the years as well, making them more affordable each year.

In fact, Morgan Stanley predicts that 72% of all car sales will be electric by the year 2040. Within 20 years, it will probably be next to impossible to actually buy a brand-new car that still runs on plain ol’ gasoline. Until that day comes, though, the debate between electric car vs gas costs rages on: which one will save you the most money overall?

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