Though electric cars still account for only a razor-thin share of the U.S. new-vehicle market, they’re gaining momentum. According to the tracking website InsideEVs.com, 361,307 EVs were sold last year, which is an impressive 81 percent increase over 2017’s totals. And with several new models having debuted for 2019, this is a great time to consider buying an electrified ride.
Even if you have no particular environmental bent, driving an EV can be a much cheaper way to go, especially with gas prices having spiked to a national average of around $3.00 per gallon. For example, the Environmental Protection Agency says the Hyundai Ioniq Electric, which is rated at the electric equivalent of 136 mpg in combined city/highway driving, will cost an owner $500 a year to run for 15,000 miles, based on average power rates. The EPA estimates an Ioniq Electric owner will spend $5,750 less in fuel costs over a five-year period than will someone driving an average vehicle the same distance.
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