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An electric car could cost you less than you think – CBS News

As we celebrate Earth Day with gasoline prices rising again, you might want to consider whether an electric car could work for you.

All-electric cars like the Nissan Leaf, Chevrolet Spark or Honda Fit EV cost less than many people think, says auto analyst Tara Baukus Mello of the financial web site Bankrate.com. And electrics can even save substantial money in the right circumstances, she notes.

Electric cars, with their limited range before needing recharging, are not for everyone. If you commute more than about 70 miles a day, recharging could become an issue. But studies have shown that 90 percent of Americans drive less than 50 miles per day. Additionally, if you live in an apartment building or other situation where installing a home recharger is impractical, that probably disqualifies you for an electric ride.

But if you are a budget-minded car owner with an average commute, Bankrate.com analyst Mello suggests that you consider these cost factors:
More http://www.cbsnews.com/news/an-electric-car-could-cost-you-less-than-you-think/

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