Services
Insurance
Repairs
Advice
About

What happens to the economy if all cars were electric?

So the plan is to have all cars be electric very soon. But I wonder what would happen to the economy if all cars were electric?

avatar
Chanice Boyd · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Many people have begun to ask themselves the same question. In short, a massive economic change like fully electric transportation will only be beneficial.
Here are some projections:
  • Electric cars
    will help to create jobs
  • Electric cars will reduce fuel costs and shift consumption away from imported oil to the local electricity
  • The disposable income from savings will be redirected to the local economy
  • Electric vehicles will provide better air quality benefits
Whether on not you’re ready to reap the benefits of owning an electric car,
Jerry
can find car insurance that’s beneficial to you. Find amazing savings when you shop for car insurance with Jerry.
The savings keep coming even after Jerry finds you great insurance at the lowest price. Before every policy renewal period, you’ll be presented with new competitive quotes, which means you’ll always have the best coverage at the best price. If you want to switch policies, that’s fine! Jerry can help cancel your old policy.
View full answer 
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

Join 4M+ members in lowering their car insurance

Easiest way to compare and buy car insurance

√
No long forms
√
No spam or unwanted phone calls
√
Quotes from top insurance companies
Find insurance savings