The prevailing belief that electric vehicles (EVs) are always more expensive to insure than traditional gas-powered vehicles is being challenged by new data, which indicates that some gas SUVs cost $1,000 or more per year to insure compared to similar EV models. This revelation disrupts common misconceptions about the cost-efficiency of electric vehicles, highlighting the financial benefits of EV ownership beyond fuel savings. The study analyzed various factors influencing insurance premiums, uncovering that advanced safety features and lower repair costs in some EVs contribute to their competitive insurability. As consumers increasingly prioritize eco-friendly options, understanding the true insurance costs can significantly impact purchasing decisions. This new data encourages potential car buyers to reassess assumptions about the economic drawbacks of EVs, suggesting that these vehicles are not only environmentally sustainable but also financially viable. As the automotive market evolves, the cost-benefit analysis of owning an EV becomes even more compelling.
MSNNew data shows Halifax traffic congestion is worst on Thursdays, among the worst in Canada
April 28, 2026
Halifax is experiencing one of the most severe traffic congestion issues in Canada, with new data indicating that Thursdays are particularly problematic for commuters. The