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There are a lot of good reasons to buy an electric vehicle (EV), but most buyers want to know whether it will save them money. This story is complicated, so let’s start with the bottom line: An electric vehicle may or may not save money, depending upon a host of factors, which will vary depending upon your location, driving habits, and choice of vehicle. The range in cost can be large, and generic comparisons will probably not match your situation. In order to estimate how much your EV purchase will save or cost you, you’ll have to do some calculations.
In this article, the examples will be battery electric vehicles (BEVs) compared to similar gasoline-powered models (ICEs). The same methods can be used to compare hybrids and plug-in hybrids (PHEVs).
Read The Full Article On: Forbes