While the upfront costs of electric vehicles (EVs) might be higher than gasoline counterparts, they come with a significantly lower societal and environmental cost. Researchers from Northwestern University, Illinois, say that the US could save as much as $70 billion if 75% of the vehicles on the road were electric vehicles, Intelligent Transport reports. If just 25% of vehicles could be replaced with EVs, the country could save around $17 billion. [Read: The UK takes its first step towards regulating autonomous vehicle tech] To come up with these figures, researchers modelled what would happen if people switched to EVs using…

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