Electric vehicle sales drop, price of gas is up. A look at the EV/hybrid outlook in CT
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Rising gas prices in the US are leading more drivers to consider hybrid and electric vehicles, with shopper consideration of electrified vehicles increasing to 22.4% of all vehicle research activity. The average price of a new electric car is $55,300, but owners can save thousands of dollars in fuel and maintenance costs over the life of the car.
Gas prices are rising, leading US drivers to consider hybrid and electric vehicles. The average price of a new electric car is $55,300, compared to $49,353 for new gas-powered cars. However, many hybrid models are priced around $35,000 or less. Owners of electric vehicles can save thousands of dollars in fuel and maintenance costs. Assuming a depreciation rate of 12% annually, a driver would break even on an EV in year six of owning it. Electric vehicles are expected to cost less to maintain due to fewer moving parts and no fluid changes.
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