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Even though prices are coming down, it still costs more to buy an EV than a regular gas vehicle. The latest data from Kelley Blue Book shows the average cost of a new vehicle in July was $48,424 ...
That's a difference of $10,253, making EVs 22.8% more expensive on average! Yes, there are EV tax credits of up to $7,500 for new EVs, and up to $4,000 for used EVs. But you have to find the right ...
Gas-powered vehicles are still a great choice if you're trying to keep costs low. A mid-sized, gas-powered sedan will cost just over $1,000 more annually than the average cost of ownership of a ...
Electric motors are more efficient than internal combustion engines in converting stored energy into driving a vehicle. However, they are not equally efficient at all speeds. To allow for this, some cars with dual electric motors have one electric motor with a gear optimised for city speeds and the second electric motor with a gear optimised ...
It's been more than a century since then, and plug-in vehicles are now making a big comeback, competing with gas cars in looks, performance and, finally, affordability. Billy Johnson is among the ...
Next are the AGM (absorption glass mat) sealed maintenance-free batteries, a little more powerful and expensive. Then there are the more exotic batteries like Ni-MH and Li-ion; more difficult to find but light and longer-lasting, maintenance-free, and much more expensive. The new lithium batteries are showing some promise for EVs in the near ...
The results showed that the real-world cost of what you’re likely to pay per month during the financing period is lower for EVs than for comparable gas vehicles in 48 states plus the District of ...
A hybrid-electric system produces less tailpipe emissions than a comparably sized gasoline engine vehicle since the hybrid's gasoline engine usually has smaller displacement and thus lower fuel consumption than that of a conventional gasoline-powered vehicle. If the engine is not used to drive the car directly, it can be geared to run at ...