The US could save over $70B if it switched to electric vehicles

While the upfront costs of electric vehicles (EVs) might be higher than gasoline counterparts, they come with a significantly lower societal and environmental cost.

Researchers from Northwestern University, Illinois, say that the US could save as much as $70 billion if 75% of the vehicles on the road were electric vehicles, Intelligent Transport reports.

If just 25% of vehicles could be replaced with EVs, the country could save around $17 billion.