The concept of electric automobiles has taken the world by storm since the increase in oil prices and the attention to the environmental state of our planet. These cars now have a range from hybridized to fully electric, and have actually been around for quite some time. Surprisingly, the electric car was invented around the same time of the gasoline powered car, but the affordability of Henry Ford’s Model T proved to become the more popular contender. It wasn’t until many years later in the 1970s, mainly due to gas shortages, that the idea of the electric car became talked about again. Regardless, many still weren’t sold on this idea, especially due to their limited ranges which “usually toped at speeds of 45 miles per hour” (“The History of the Electric Car”). Today’s electric cars are typically BEVs, or Battery Electric Vehicles. Therefore, they contain a battery pack which powers the engine and the motion of the wheels. This will be placed in the area of the engine, and will power the entire vehicle. When stopped (such as at a stoplight), the car is shut off in order to reduce battery waste. These vehicles have a “near instant torque,” causing them to accelerate very quickly compared to our standard gasoline-powered vehicle (“How Do Battery Electric Cars Work?”). These batteries need to be recharged, which can be done through a wall socket. Since then re-popularity in the 1970s, scientists have been feverishly working on improving these cars in order to satisfy society. Though the range depends on the price of the vehicle, many cars today vary from being able to travel over 100 to 330+ miles on one charge. Tesla, one of the most popular electric car companies, is currently in the lead for the highest range.In regard to financials, there has been much speculation in the past over which option will leave more change in your wallet. Finally, Bloomberg New Energy Finance has provided a solid answer: in the upcoming future, battery powered automobiles will prove to be the less pricey option. This is due to the falling prices of batteries. Additionally, Forbes has backed up this claim, saying that the engines of electric vehicles are less complex, requiring less parts, less maintenance, and less replacements. Aside from this, the obvious act of constantly buying fuel will also be eliminated, also supporting this stance.In all, electric cars are once again proving to be popping up on the map, and this time, it doesn’t seem to be just a passing fad. Overall, this seems to be a very appealing option, as they are cheaper and are no longer dependant on fuel, frequent maintenance, and the constant replacement of complex parts. Because of this, these automobiles will become prevalent in society very soon.