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CR Fact Sheet: Electric Vehicles Save Consumers Money

Consumer Reports created a fact sheet with the latest analysis of how owning an electric vehicle (EV) will save the typical driver $6,000 to $12,000 over the life of the vehicle, compared to owning a comparable gas-powered vehicle. With new federal tax credits from the Inflation Reduction Act, consumers can save as much as $1,100 in the first year of ownership.