Electric cars have come a long way. From early days Prius to the prize-winning Tesla Model S, Mercedes-Benz, BMW, and Kia are now in the mix along with Nissan, Tesla and Chevrolet. Presently, with the development of technology and education, consumers are becoming smarter. Consumers can get a lot of information on the Internet, and everyone now considers cost efficiency and environmental issues before making the decision to buy an electric car. The market of electric cars has become very crowded and extremely competitive. On the other hand, government has also helped these manufacturers to sell electric vehicles by giving federal tax credit of $7,500 and incentives to the MSRP price. The prices of electric cars are relatively
