How much money can I save if I buy an electric car?

Personally, I don't think that an electric car is economical at all. For one, they are more expensive to buy, so what you are not spending on gasoline, you are paying to the bank or to a finance company someplace. In addition, electric cars still use gasoline as a back-up or to charge up the batteries that the car uses to power it.So, you're still going to have to pay for gasoline.

Electric cars need to be plugged in. What you do not pay for in gasoline prices, you will pay in power prices. Charging an electric car takes a lot more watts than running a 100 watt light bulb, too!

Scientific America in 2009 determined that it would cost the equivalent of 75 cents per gallon of gasoline to charge up an electric car, so that is economical. Apples to apples: 2011 Honda Civic hybrid car ranges from $23,950 to $27,150 (This vehicle is part electric, part gasoline) 2011 Honda Civic sedan car ranges from $15,805 - $23,955 The Chevrolet Volt costs around $41,000 base (totally electric from what I understand) The Chevrolet Aveo sedan costs around $13,000 base, and gets 35MPG on the highway. The Volt even has an internal gas-powered generator to keep the car running, so if you look at it that way, you're spending much less on energy, but paying 3 times as much for the car.

So, saving money is not going to happen until the car is paid off. So, it depends on how deep your pockets are when you purchase your automobile.

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