When it comes to the total cost of ownership, four states perform at the top of the pack in savings over a traditional gas-powered vehicle. New Jersey, Oregon, Vermont, and Washington provide annual savings of $1,931, $1,733, $1,373, and $1,337, respectively, according to Self. Each of these figures adds up to significant savings for a driver.
According to U.S. Energy Information Administration, Washington (8th) and Oregon (13th) in particular are among the cheapest states when it comes to average energy retail prices. Coupled with the fact that many of these parts of the United States have seen higher-than-average adoption of electric vehicles (via Electrek), it’s no wonder that EVs provide an outsized level of savings over the typical figures experienced by drivers across the country.
These states are ahead of the curve when it comes to the economic benefits that a switch to EV ownership can provide.
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