Hyperdrive
Electric Cars Are Cheaper to Own in New Jersey Than California
A new study based on how buyers finance their car purchases finds that month-to-month, EVs cost less than gasoline models in most states.
A Volvo XC40 Recharge electric SUV.
Photographer: Mikael Sjoberg/BloombergThis article is for subscribers only.
What’s cheaper to buy, a gasoline car or an electric one? The answer might surprise you.
Whether new or used, gas-powered or pure plug-in, in recent months manufacturers’ suggested retail prices (MSRP) on all cars in the US have led to some serious sticker shock.