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Danny Seo on

If you plan to replace your car within a few years, consider a hybrid. Many hybrid models retain their value better than comparable gasoline vehicles, thanks to strong demand and excellent fuel economy. Fully electric vehicles can also save money, but their resale values tend to fluctuate more as battery technology improves and manufacturers adjust pricing. However, if you plan to keep your new car for many years, an electric vehicle may be less expensive to own overall, due to lower fuel and maintenance costs.

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