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The automotive world has witnessed a surge in electric vehicles (EVs) in recent years. Technological advancements and mounting environmental concerns have fueled the rise of electric cars. Yet, despite their numerous advantages, certain myths and misunderstandings exist surrounding electric vehicles.

Many consumers are open to considering electric vehicles, but they are also unsure about the potential costs of owning an EV for several years. According to research from Consumer Reports, when the cost of total ownership is considered, EVs win.

Many consumers are open to considering electric vehicles, but they are also unsure about the potential costs of owning an EV for several years. According to research from Consumer Reports, when the cost of total ownership is considered, EVs win.

Purchasing a vehicle is typically the second largest purchase you will make next to buying a home. Even though the rules have tightened because of tax reform, mortgage interest, and property tax can still be deducted when you own a home. What some people don't know is that even if you don't own a business, you can still deduct taxes from the purchase of your new car on your next income tax filing.