In a new study, researchers found that owning a pure electric car costs less over four years than gas or diesel cars in the UK, US and Japan. Perhaps it comes as a bit of a surprise, but there are many factors that make owning an electric car cheaper. For one, electricity is cheaper than gas. Secondly, the engines of electric cars are far simpler than gas-powered engines and require less maintenance. On top of that, electric cars currently have sale subsidies in these three countries. If you’re looking to buy a new car soon, the only economic option is to go electric.