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 Electric Vehicles Now Competitive on Price

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.