Electric cars are now more affordable, as witnessed by the recent spike in gas prices. In addition to the tax credits that help make these cars more accessible and less expensive, many manufacturers have come out with new models that offer a more extended range of travel which ultimately reduces owners' charging costs. While it's important to note that the actual comparative cost of ownership between an EV and a gas-fueled car is impossible to determine, thanks to technological variances, the savings could make all the difference if you're planning on switching over. There's no question that electric vehicles are far less costly to run than gas-powered cars. Most electric cars can travel at least 300 miles on a single charge, which can be used to get you and your family around town and out of the city for a relatively low cost. Moving up to longer-range electric vehicles that can travel over 500 miles on a full charge allows you to do the same without worrying about how much gasoline costs. Sadly, many states have restricted the miles most electric cars can travel.