What to Know About Electric Cars When Gas Prices Are Surging
The New York Times • • business
Key Points:
- Rising gasoline prices amid geopolitical tensions have strengthened the case for electric vehicles (EVs), prompting more combustion engine car owners to consider switching.
- The financial viability of EVs depends on factors such as location, access to charging, and driving habits, with new EVs in the U.S. costing on average $6,500 more than fossil fuel vehicles.
- Despite higher upfront costs, EV owners can save money over time through reduced fuel and maintenance expenses, and tools like The New York Times calculator help consumers evaluate these savings based on local data.
- Beyond financial considerations, EVs offer intangible benefits such as independence from volatile oil markets, contributing to growing consumer interest in EVs.
- Interest in electric vehicles is rising, with
