Historically, electric cars have often been more expensive than their conventional counterparts, but you may be surprised to find out just how affordable an electric vehicle is these days. If you have written off the idea of an electric just because of your budget, think again!

First off, you should think about the overall cost of driving a gas powered vehicle. You are not just paying for the vehicle itself, you are committing to dealing with a lifetime of ever changing, typically rising gas prices, and having to fuel your car up on a regular basis. Buying a gas powered car is not a one-time expense, but buying an electric car can be! While you do need to purchase things like battery chargers for many electric vehicles, the overall costs can be fewer than those of a conventional car because you will not be continually paying for gas.

You should also look into what types of discounts, credits, and rebates you can get for choosing an electric car. Many governments, whether federally or at other levels, offer discounts to consumers for purchasing environmentally friendly vehicles that lessen the burden on the demand for gas.

Even without these considerations, there are some electric cars that have a very reasonable manufacturer’s suggested retail price. You may be drooling over a more expensive Tesla model, but if you take a look at vehicles made by companies like Nissan, Mitsubishi, and Chevrolet, you could very well find something in your price range.

With battery technology improving and other research beginning to pay off for electric car manufacturers, electric cars are becoming less expensive to produce. These savings are sure to trickle down to consumers and it likely will not be long before you are able to purchase an electric car at nearly every price point.

If you truly want to drive an electric vehicle, set your budget and work from there. Between rebates, overall cost-effectiveness, and car prices that are continuing to get lower with every manufacturing cycle, you are sure to find something that fits into your cost-conscious lifestyle while supporting your desires to move away from a reliance on gas. Can you afford an electric car? With a bit of research, saving, and planning ahead for the future, the answer is yes, so start looking at vehicles and making your car purchasing plans!

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Last Updated: May 7, 2015