All signs point to the future of driving being electric. Governments are building charging stations nationwide and offering tax credits up to $7,500 for purchasing a new EV. The price of the all-important electric battery has been dropping over the years making them more affordable each year. In fact, Morgan Stanley predicted that 72% of all car sales will be electric by the year 2040.
Many major automakers have already invested billions of dollars into expanding their electric vehicle lineups and are expanding out into trucks, freight and SUV body styles. Within 20 years, it’s likely to be very difficult to actually buy a brand new car that still runs on plain ol’ gasoline.
Until that day arrives though, the debate between electric car vs gas costs rages on. Which is why WalletGenius set out to answer the question: which fuel type will save you the most money overall?