Oil prices may be at all-time lows, but it's still worth buying an electric car

For the first time in 34 years, the price of a barrel of oil has dropped to historic lows — below $0 somehow, confusingly — but that shouldn't erode efforts to go electric, especially for any future car purchases.

Sure, because of coronavirus social-distancing measures in most cities and states, roads are largely empty, cars are parked, most flights are canceled, and the buses and trains that are still running barely have passengers. Even auto insurance companies are recognizing how little we're moving and offering discounts. 

Right now, the idea of buying a car may seem strange and unnecessary. But with the average price of gas down to less than $2 per gallon in the U.S., once cities start opening up we'll be back to many of our old ways. We'll revert to driving again, perhaps even more so with lingering fears of coronavirus exposure on public transit and because it'll feel cheap to burn through miles. But air quality improvements from the past month indicate that we need to change. And what if these changes could become long-lasting? Read more...