Well it seems that no one is immune from the stress and anxiety in raised gas prices. Even those who are driving electric vehicles realize that when gas prices go up, so does everything else. The inflation wheel!
Talking about electric vehicles – is now the time to buy one? I am not convinced. Everywhere I look, electric vehicles are overpriced because of this increased demand. So let’s do the math……how much do you spend on gas every month, even at these increased prices? If you bought an electric vehicle today, would you save money? Also remember that your electric vehicle needs to be charged. Some charging stations charge between $20 and $40 a charge. This adds up too, depending on how much driving you do.
This is not a simple answer. I think until the price of electric vehicles can be more competitive, we wont see a huge portion of the population able to make the math work.
So Plan B. How to minimize gas costs? Well we have to go back to old fashioned money management choices. Ride share with a friend? Limit your trips? Be smart about where and when you drive and always look for discounted gas stations. I know my husband uses an app and is always so excited to find a lower price gas station to fill up.
Now more than ever, we are being called upon to make smart money choices. Plan, think, choose.