New research from AAA finds that over five years and 75,000 miles of driving, the annual cost of owning a new compact electric vehicle is only slightly more expensive – about $600 annually – than its gas-powered counterpart, despite steeper sticker prices and higher depreciation costs. Importantly, the study also revealed that the most significant concern surrounding an electric vehicle – range anxiety – eases considerably after purchase.
Good news, Colorado: AAA forecasts that Centennial State motorists will enjoy some of the country’s most significant savings on gas heading into the new year, with pump prices expected to plummet by as much as a quarter in the coming weeks. The reason? Increasing gasoline stocks coupled with an anticipated seasonal demand drop will together drive prices down.
More Coloradans traveling for holiday season than ever before.