Newest Electric Cars Could Drain Your Wallet Faster Than a Gas Tank, Here's The Hidden Cost
If you're eyeing one of the newest electric cars to slash your fuel budget, brace yourself: insurance premiums are skyrocketing by up to 40% for these models, and repair bills can total your loan faster than your dad's old sedan guzzles a gallon. Consumer advocates warn that while you'll save at the pump, dealers are sneaking in 'battery maintenance fees' and extended warranty costs that could add $5,000 to your first year of ownership. Check the fine print before you plug in—your daily commute might just get a whole lot pricier.