For the first time in the U.S., the cost of pre-owned electric vehicles (EVs) is nearly the same as that of used gasoline-engine cars. According to industry service provider Cox Automotive, in August of this year the average list price for a used EV was just under $35,000, down 2.6 percent from the same time last year even without the $4,000 federal tax credit that ended on September 30. This put used EVs within $900 of the average list price for a pre-owned gas-powered car—the lowest gap on record.

Of course there’s more to consider when buying your first car than price alone, like insurance costs and maintenance fees. But over the life of the car electric vehicles are cheaper to own and maintain by as much as 60 percent and 40 percent respectively, according to Consumer Reports. And with battery prices shrinking from year to year, EVs only promise to become more affordable.