Yes. The price differential between gas and electric cars has narrowed in recent years. Here is an electric vehicle cost comparison calculator. Many new electric car models still receive a federal tax credit of $7,500, which can be carried into future years, and a $2,000 rebate from Efficiency Maine. Then there’s the higher fuel efficiency of electric cars. Over 75% of the energy you use to charge the battery of an electric vehicle goes into motion. Of the energy in the gasoline used to fuel an internal combustion engine, less than 30% goes into motion for the most efficient vehicles available today. It’s less for the average passenger vehicle.
Consider this comparison of the cost of driving 10,000 miles using current Maine energy prices. For the gasoline car we’ll assume it gets 30 miles per gallon. Over 10,000 miles it will use 333.33 gallons of fuel. At $2.50 per gallon that would cost $833.33. For the electric car let’s use the Nissan Leaf Plus which can drive 226 miles using 62 kWh of electricity. Over 10,000 miles that would be 2743.36 kWh. At $0.15 per kWh the cost would be $411.50. Gas prices would have to be $1.23 per gallon or the fuel efficiency would need to be 61 miles/gallon for the gasoline vehicle to match that price. The EV cuts your fuel prices by more than 50% or more.
In addition to fuel costs the electric car will need less maintenance over it’s life. There’s no engine oil to change or tune ups to be done. There’s no muffler, catalytic converter, or emission control devices to wear out.