Study: Owners of electric-cars could save as much as $1,200 a year

According to a new study by the Union of Concerned Scientists, drivers of electric-vehicles like the Chevrolet Volt and Nissan LEAF may save as much as $1,200 a year comported to gasoline powered compact cars.

[slider id=122433]

Read our review on the Chevrolet Volt.

With gasoline hitting $3.50 a gallon, drivers who plug cars into electric outlets would save $750 to $1,200 a year instead of a buying a gasoline car that gets 27 miles to the gallon when driving 11,000 miles.

“While in this early electric vehicle market these products have higher up-front costs, knowing how much one can save by using electricity instead of gasoline is an important factor for consumers,” the study found.

According to AAA, the average U.S. gas price was $3.91 as of Sunday.

– By: Omar Rana

Source: AutoNews