The GAO has weighed in on subsidies for electric vehicles — the cars for which there is little demand, which tells you the marketplace simply can’t sustain their production. This piece of information gives an indication of why.
In the report, analysts said the lifetime costs of owning a electric vehicle are still “generally higher than those of a conventional vehicle or traditional hybrid of similar size and performance,” estimating a plug-in vehicle costs, on average, between $16,000 and $19,000 more than a comparable gas-engine vehicle.
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