Electric Vehicle Efficiency and Cost Depends on Where You Live, Says Study

Owning an Electric Vehicle could save drivers between $750 and $1,200 per year at the pump, according to a new study released this week by the Union of Concerned Scientists. The report says that driving an EV is certainly more environmentally-friendly and less costly than driving either a hybrid or a gas-powered car. It also found that the car's emissions and value can vary depending on region.

As automakers continue to experiment with Electric Vehicles and other high-efficiency models, and gas prices have recently risen to nearly $5 per gallon in some parts of the country, interest in green driving is at an all-time high. President Obama has pushed for high-efficiency mandates and called for 1 million plug-in hybrid cars on the roads by 2015.

But what kind of efficient vehicle makes the most sense? Should you go with an electric, hybrid, or one of the higher MPG gas-powered cars? More...