John is embarking on an epic Thanksgiving journey to visit his family in Vermont, a scenic drive from the bustling streets of New York. Filled with excitement and the heartwarming idea of gifting his parents an electric car for Christmas, he makes a quick stop at the gas station to top up his tank and grab some snacks for the road. But hold on! What he discovers next dashes his eco-friendly dreams – charging an electric vehicle costs more than refueling with gas.
This shattered his dream of surprising his parents since it was a perfect gift that balances economies of scale with a fantastic driving experience. No what shall he do? This is where I pop in I have got your back and I will guide you through this conundrum like a glide.
Gas vs Electric Car Cost per Mile
Recently, Insider conducted a study that carefully examined the cost of fueling versus charging for 100 miles of driving, taking into account various factors such as gas and residential electricity prices, commercial charging prices, tax rates on fuel and electric cars, and fuel economy details. The study focused on four car types: trucks, entry-level cars, luxury cars, and mid-level cars.
The findings revealed that trucks have relatively similar costs for both fueling and charging. On average, it costs between $17.10 to $17.58 to fuel a truck for every 100 miles, while charging it at home comes to $17.72. However, charging in public can be significantly more expensive, soaring to $26.38 per 100 miles.
For entry-level and mid-level cars, charging turns out to be more expensive than fuel. Fueling a basic-level vehicle costs around $9.78 for 100 miles each while home-charging costs $12.55 or nearly $16 in public. Similarly, mid-level cars have fuel expenses of $11.08 per 100 miles, whereas home charging costs $12.62 and public charging rises to $16.10.
Interestingly, luxury vehicles ditch the trend as charging them at home proves to be cheaper than refueling with gas. Fueling a luxury car costs about $17.56 for every 100 miles, while home charging only amounts to $13.50. Nevertheless, like other car types, public charging becomes more expensive at $17.81 per 100 miles.
Bill Cinnamon, who shared insights with The Center Square, emphasizes that electric vehicles can be cost-effective compared to gas vehicles, but it hinges on how you manage charging. He warns that the perception of expensive charging away from home might hinder consumer adoption of EVs.
To sum up, this study sheds light on the importance of considering charging practices when evaluating the overall cost-effectiveness of electric vehicles. By staying mindful of charging habits, we can make informed decisions and pave the way for a smoother transition toward electric mobility.
US Government Policies to Promote Electric Vehicles
The Biden administration has announced plans to invest $2 billion from last year’s Inflation Reduction Act in boosting the production of electric vehicles (EVs) and revitalizing struggling auto plants in the United States.
To address concerns raised by auto manufacturers and the United Auto Workers (UAW) union regarding proposed environmental regulations aimed at promoting EV adoption, the White House intends to expedite grants and subsidies for converting existing automobile facilities to manufacture electric vehicles. This move is expected to accelerate the transition to cleaner transportation options.
The Domestic Manufacturing Conversion Grants of the USA for EVs will make an offer of cost-shared grants to support the hybrid, plug-in electric hybrid, fully electric, and fuel cell vehicles during their production phase. The program’s focus will be on projects that revamp or retool manufacturing plants that have recently ceased operations or were at risk of closure.
By injecting funds into domestic EV manufacturing and encouraging the transformation of struggling auto plants, the administration aims to foster the growth of the electric vehicle industry and make significant progress in achieving its environmental goals.
Cost of Gas vs Electricity
The cost of gas and electricity can vary significantly depending on several factors, such as location, energy market conditions, and government policies. In general, electricity is often considered cheaper than gasoline for powering vehicles, but the actual cost comparison may vary based on individual circumstances.
Price of Gasoline in the USA
In 2022, the average price for a gallon of gas at U.S. gas stations increased by about 31.23%, reaching $3.95 from $3.01 in 2021. Compared to many other countries, the U.S. enjoys relatively lower gas prices. For instance, customers in Norway faced one of the highest prices globally, paying around $8.1 per gallon as of October 2022. It’s essential to keep these fluctuations in mind while considering our transportation choices and exploring more sustainable alternatives for a better future.
We should also keep in mind that gas is a very volatile commodity and the prices are always dancing on the graph due to the monopoly of the MENA region and OPEC members. Similarly, the sanctions imposed by the USA on Russia over the issues with Ukraine are also driving the prices high and low. So it is safe to say that oil isn’t a balanced commodity than electricity.
Cost of Electricity in US per kWh
According to February 2023 data, electricity in the USA costs anywhere around 10.35 ¢ / kWh in Idaho to a high of 28.38 ¢ / kWh in California.
Over here, I would like to draw some self-analysis based on the facts presented by “The Zebra” on the topic, Average miles driven per year in the U.S. so according to the Federal Highway Administration, an average American drives 14,263 miles per year this comes down to close to 1188 miles per month. Dividing this number by 30 to find the estimate, this figure boils down to 40 miles per month.
Now compare the prices of refueling for 40 miles for both electric and ICE. It comes to $4 for 40 miles via fuel and $5 for 40 miles charging. But this can be reduced with quick charging facilities that are the new trends in EVs where charging takes place in less than 15 minutes.
Sale of Electric Cars in USA
The electric vehicle (EV) market in the United States saw remarkable growth in 2022, with an impressive estimate of nearly 918,500 light electric vehicle sales. This figure is more than two and a half times higher than what was recorded in 2018, which was the year when the demand for Tesla’s Model 3 started gaining traction. It’s evident that more people are embracing electric cars as a sustainable and efficient mode of transportation, and this positive trend is paving the way for a greener future on our roads.
Should You Buy a Gas or Electric Car?
If we look from a straight point, for now, you’ll think that buying gas-powered is the best option. But I would help you think about this problem from a wide-ranging perspective.
Looking at the geopolitical situation and USA’s stand on different climate forums. It is speculated that soon the government might want to shift from non-green alternatives to green alternatives. If you intend to purchase an electric vehicle (EV), it is advisable to charge your car at your residence, preferably utilizing rooftop solar panels with net metering benefits. Also, the emergence of Tesla an EV giant, is helping a lot of people shift to the electric concept due to its modern arsenal of technologies.
The U.S. Department of Transportation has introduced the Charging and Fueling Infrastructure (CFI) Discretionary Grant Program, as part of the Bipartisan Infrastructure Law. This program aims to allocate $2.5 billion over five years to various applicants, including cities, counties, local governments, and Tribes. The project will fund $700 million in FY 2022-2023.
Mr. Biden also signed an executive order in August 2021 to bring 50% electrification on road by 2030.
As of November 2022, the USA has over 56,000 EV charging stations, equipped with about 148,000 charging ports spread across the country. It’s sufficient to meet the needs of the current number of registered EVs. However, as the number of electric vehicles on the road is expected to increase significantly by 2030, we’ll need to triple the rate of installations over the next eight years to keep up with the demand.
Ensuring we have enough charging infrastructure is vital for supporting the growth of electric vehicles and making clean transportation accessible to more people. Let’s work together to build a greener and more sustainable future for everyone.
Subsidy on electricity can also reduce the prices incurred on charging electric vehicles. According to some reports, Electricity benefits from financial subsidies range from $3 to $5 per megawatt-hour (MWh), which comes around to around $30 to $60 per individual when analyzed per capita.
Writer’s Remark
It is time to finally sum up what we have talked about since the beginning.
Considering the above-stated factors, the choice between purchasing an EV or a gas-powered vehicle depends on various factors, including individual preferences, driving habits, and environmental considerations.
While gas-powered cars may seem more cost-effective in the short term, the long-term outlook suggests a shift towards electric vehicles due to their potential environmental benefits and the government’s efforts to promote EV adoption. So to all the Johns and their female counterparts reading this article, We hope we were able to solve all your queries and help you make informed choices. Until then keep reading and we’ll continue to paint your screens green with our articles.
I am not understanding the math. An electric car gets about 3 miles per kwh. So that would mean 100 miles would be about 34 kwh of electricity. If charging at home was a crazy $0.25 per kwh which is higher then this article suggests the average is… It would only be $8.33 to charge your car. The math isn’t matching for me.
Agreed. The math is squirrely. She says “mid-level cars have fuel expenses of $11.08 per 100 miles, whereas home charging costs $12.62 and public charging rises to $16.10.”
You get about 3 to 4 miles per Kilowatt hour, and a KWH is $0.16 where I live. That’s ~30 KWH to travel that same 100 miles. 30 x 0.16 = $4.80
They add in the cost for the charger $500, plus the cost of install $500, and assume first you’re going to need a new one in 5 years and will only ever charge this one vehicle with it. Then they assume if you mostly charge at home you will charge 25% of the time at superchargers. Then they assume you will be charged a penalty tax, like they do in Michigan, to own an EV.
It’s all bad math by an ICE think-tank to make headlines.
Bad math by bad interests. I purchased a 2013 Volt in Illinois. I was previously paying $300 a month for gas for my ICE. Once I purchased the Volt my electric bill surged $30 a month and my gasoline expense dropped to $60 per year. Yep, I fill up only three times a year. Do the math and I have saved in gasoline costs more than the price of the Volt. Which was $35K. Petro-interests just can’t spin it enough to try to scare us away from EV’s. Ultimately they’ll fail and we’re going to get great cars with minimal environmental effect that last longer, and make our cities quieter and cleaner and our pocket books fuller. I feel no pity for the Petro-cartels or their lobbyists or their bull shit artists who write these insipid magazine articles.
I agree, my gas truck sits in the garage since I got a used Tesla Model 3. I live in California and my local utility gave me $500 for installation and to charge at night and a rebate on the late night electricity, charging has raised my electric bill $30 a month. I use superchargers to do long trips, but charge at home 98% of the time. I really don’t miss oil changes.
To add to that , the overall Maintenance is cheaper than a gas car .
Yes David! I TOTALLY agree that your numbers are exactly what I am getting here at the house.
Regards
Brandt
This is not the only crazy math. I charge at my work using charge point and send around $18 to add around 200 miles to the estimated autonomy if my model s. I don’t think I could ever add 200 miles to a comparable gas car for less than double the cost.
Most hybrid will get you at least 40 mpg… and gas at 3.50 a gallon brings my gas price to $17.5 per 200miles (many hybrids get you 50+ mpg)
SHOW YOUR MATH. We all learned this in middle school. I call skewed BS.
Absolutely. Show your work… anyone with a wifi connection can say whatever they want to get a reactions from us. Great work spreading misinformation.
Agree
The article fails to point out that around 33% of electrical charge in an EV is used to keep the electronics alive. Additional wear on the tires and future cost of battery replacement have not been factored in the calculations.
Where did you get this info? More misinformation. Tires and maintenance on ICE cars is free ? “Sciences are BAD … I hate EVs.”
LOL! 33%!🤣🤣 You are out of your mind.
EV’s have next to no additional electrical demands than an ICE car, outside of the motor.
They have all the eclectics that run of the battery
A petrol car it runs of the alternator
Really see what happens when the a/c is blasting at 90 deg and the heater at minus degrees please tell all about losing that 100 miles and don’t freeze to death when car dies 30 miles from your destination !
Right from the start I thought the same thing..it’s all mathed wrong. The ev is about half the cost of gas, even in Hawaii where the prices for hydro exceed everywhere else in N. AMERICA.
Agree. The analysis is crap
You understand math just fine, Miss Varnika is the one with math issues. It takes my old 2015 Model S 35kwh to go 100 miles. I pay between 5 and 7 cents a kwh. That’s $1.75 to $2.45 per 100 miles. Show your work Miss Varnika.
Ms. Varnika you say you’re About Greener Future & being for EV’s and yet you write what many EV’ers would say are LIES!
Charging at HOME on A BAD PLAN, I’m locked into at 19ç kWh for a few months, I avg $80-88 A MONTH!
In the past I avg over $100 a WEEK in gas! But wait, we drive this vehicle more. Per the extra mileage we would pay $600 in gas. And Future Tax of $200 a year for Highways is easy as I save well over that in just a month!
Now I will say, most EV consumers are very smart (unlike the person using this IMPOSSIBLE DATA). Most have Solar so they are actually charging for FREE. Others have FREE NIGHTS OR WEEKENDS to also charge for FREE. Go find me FREE GAS!?!? And this EV’er also gets FREE Charging at the movie theater, mall, the Ballparks in Arlington, Khol’s, and the few times we Road Trip we stay at Hotels with FREE Charging.
Our 1st RT was 1,500 miles!!! While we were Exclusive to SuperChargers (more expensive than Home Charging but still half the price of gas or cheaper) for that week, we did have a hotel where we got a night of FREE Charging) and we spent.a total of $130 to charge! We could not go from Dallas to New Orleans 1-way for under $150 in gas, but we did trips 3x further to only spend $130 TOTAL! Had we known the Little Rock, AR hotel we would also stay at had FREE Charging (had just charged from 3% to 100% for $28.80) we COULD of come in for the whole trip at $102!
That same price of $102 would have gotten 5+ hrs of driving or almost 400 miles. Still well short of our initial destination of New Orleans, never mind Little Rock, then Branson, MO or back to Dallas!!
*NOW THE BETTER ARGUMENT AGAINST EV is the one that 2 buddies who work for Big Auto posed…
“Well my time is money & I don’t have time to stop & charge!”
That too is easily disproved! Our normal NOLA drive had us stopped 30 min for gas, food & bathroom. With the EV that time raises to 50 min total or an increase of 20 min and instead of 2 stops it’s often 4 stops. But our 1-way to NOLA drive costs us $58 in Charging, a single tank of gas comes in at over $100 (Ford Expedition) and we still are short of NOLA (500 miles). So lets just use that $42 savings forget about the added gas to get there…that $42 for 20 min of added time…would be a $126 Savings Per Hour!!! Not many people are making that type of Living Wages! Pay Yourself!!
I agree. Wait until car manufacturers start adding Solar panels on the EVs , just like Fisker vehicles.
The author over complicated a rather simple subject. Bottom line, based on my experience over 4 years in my Tesla Model 3 is I’m saving roughly 50% over gasoline costs driving a high performance car that exceeds my expectations. Additionally ICE engines turn the vast majority of their fuel into heat, not forward motion. My car essentially has a 2 1/2 gallon equivalent gas tank that costs $21 to charge at home and allows me to drive 300 miles.
Yep, my math is the same, I get about $8 per 100 miles on my EV at home. So they compare wildly overpriced charging to the cheapest Honda Civic. Gas and oil companies just keep putting out the same garbage math, and conservatives gobble them up thinking they are real calculations. I cannot understand why America is letting ourselves get Hoodwinked like this.
I have a Tesla model 3 and drive in Vermont, New York and Quebec. Charging my car is about half the price of gas when using a Tesla charger which on average costs $14 versus $25 with my Prius c. And the Tesla is a much bigger car and has much more power. When charging at home with green mountain power’s rates to charge the car is about $6.50. I don’t know where you are getting your numbers from but mine is my real world experience
Just a audacious piece of FUD, designed to fool the masses.
I completely agree with the other comments. I just traveled 2815 miles (4500km) total cost in electricity was $323.24 Canadian. My brother was with us and total cost for gas in his vehicle was $933 Canadian. So where ever you are getting your math maybe you should actually drive an electric car first and do the correct math.
That makes no sense. 2815 divided by my gas car averages 25 mpg on a trip equals 112.60 gallons of gas. At $4.25 per gallon the cost is $478.55. My car is 19 years old. The new model would average 35 miles per gallon thus burning 80.43 gallons of fuel. At $4.25 would cost $341.82. Also a new electric car over gas will average $7-10,000 more in acquisition cost. We are being fed false numbers as to the benefits.
Welcome to Canada. Gas is about $7 per gallon here.
That would be an explanation for this writers complete bullcrsp article. It is much cheaper to charge than gas up. The writer is a shill for big oil and the Neanderthal herd.
I agree. Wait until car manufacturers start adding Solar panels on the EVs , just like Fisker vehicles and the overall maintenance is cheaper on a EV.
Author claims to be EV advocate. If so it is best to get the math right on this. I have a Rivian R1T. It gets about 2.3 miles per kWH. The battery pack is 135 kWH for 310 miles of range. At the off-peak rates I typically charge at, $.08, that is $10.80 a fill. A similar sized truck getting 20 mpg at $4/gallon will cost 310/20*4, or $62 to go the same distance. That is nearly 6x more in fuel expense for the ICE vehicle. Even at the higher charging station prices the EV is considerably cheaper, but most of us EV owners typically charge at home.
And you’ve just demonstrated that you’re a self important twit. You apparently have no idea how many people live in apartments with no access to charging while making do with an older used car that might have cost them $5,000. But you’re the one absorbing the subsidies.
It’s hell being poor.
58% of Americans live in a house with a garage or carport. Apartment dwellers are an important minority, but by no means the majority.
Sorry, you have so much oil too. Amazing that it gets piped to us and we pay so much less.
F a l s e
I’m sorry ya brother. Only about ten percent of American drivers can afford an EV.
My Model Y was less by $20k than my friends new Jeep and $25k than another friends new F250 (all of us American drivers)…choices matter.
If you can afford a gas car, you can afford an EV.
We bought a brand new 2023 Bolt on January. Sticker was a smidge over $30k. Less a $7500 tax credit, less a $2000 PA state rebate. Before our trade in ($8000 Chevy Sonic) the net cost was $21k. After trade in, $13k.
The car, because it is so cheap to drive, is paying for it’s own car payment in full, just in gas savings.
We were spending $250/mo on gas for the Sonic (avg 20mpg). We’re now spending less on the car payment AND the electric combined. In 4.5 years the car will have entirely paid for itself in fuel savings alone. 4 years if you factor in oil changes, spark plugs, air filters, timing chains, etc that we won’t be spending a dime on.
Are you going to buy a Rivian? Of course not. But to say you can’t afford a EV is ludicrous.
Buy a used one. I bought one for 10k, use it to commute to work and even with this 10uear old EV I still am saving around a hundred every couple months. Plus with the EV discount I get a 7500$ refund making the cost of the car 2500$. Sure I may need to replace the battery one day, but it’s only lost about 9% of capacity over the 11 years the car has been used. It’s still enough to get me to and from work with battery to spare as long as I don’t try to overdo the climate control.
The math in the article is wrong. Seemingly on purpose to scare people. Not only is charging an EV significantly cheaper than gas, but car maintenance costs are lower on EVs as well.
Only 10% can afford an EV? You just pulled that right out of your butt. That’s not true at all. If you can afford an ICE car you can afford an EV or even a hybrid. EVs over the life of the car ends up being cheaper than ICE by a long shot.
When a person feels the need to attack someone with an opposing opinion, it generally means their argument doesn’t stand on its own.
Even with exclusively using super chargers it’s still significantly cheaper then gas. Also why can’t these rich apartment building owners add a plug socket to the ends of the parking spaces? They steal enough from there tenants in rent to cover the costs.
You’re absolutely right, Bob. I have an R1S which is far cheaper to charge thank any gas powered SUV. And the Rivian is unbelievably better in almost every aspect compared to similarly situated trucks and SUVs respectively.
This “study” gets updated a few times a year to reflect changing prices of electricity and gas. It makes the same specious assumptions each time and we have to shoot it down each time an unquestioning author decides to write an article about it.
The Tesla app tracks all your charging and allows you to enter your electricity price per kWh. For instance in the last year I’ve used 4238 kWh to travel 15,100 miles. 90% home charging at $0.14/kWh, 10% supercharging at varying prices. Total cost was $656 to go 15,100 miles. Let that soak in for a minute. That cost is unimaginable for a gas car. Like others commenting here, it shakes out to around 4 cents per mile.
In my state I pay about $85 a year in registration fees to cover lost revenue from gas taxes, so that figures into the cost of fueling an EV to make it fair, but it is still far more economical to drive it than a gas car.
I have electric car it cost me $ 2 to go 100 miles. Yes 2 dallars NOT $17.72 like you said!!!!!!!!!! We got 20000 miles on ours and its less than .02 cents a mile for charging. NOT .17 CENTS AS YOU SUGGEST.
Yes the numbers this article uses are complete BS. My model 3 costs me about $3.60 to drive 100 MI when charging at home off peak in Sacramento. The Subaru I traded in for the Tesla would cost me about $20(given the combined average mpg of 26mpg premium gas ) to drive 100 MI.
I do think the network of charging stations needs to improve for long trips, but right now 95% of my driving is local. My charging from home costs me very little. I have solar panels that paid for themselves long ago. We have two all electric cars and pay nearly zero to charge them daily. Haven’t been to a gas station in years.
Crazy math. Been driving a Nissan Leaf for 3 years and I charge mostly at home on 240V. This gives me 25 miles of range in 1 hour. I pay 14 cents per kWh, so 100 miles costs me no more than $4. So my Leaf costs at least half the cost of an gasoline car to drive 100 miles.
Check you math Varnika. $17 for 100 miles on my EV, not even close. Try like $4. And what trucks are getting 22 miles to the gallon? What ever happened to good journalism.
Pat
I’ve seen a lot of these articles lately, and they all have the stink of the conservative carbon crowd who infect the not so bright MAGA community with the dribble that flows from the Donald through Fox News. Basically, global warming is a hoax, and holding onto your gas guzzling pollution vehicles make perfect economic sense. Dressing up this piece of fraud in a green facade won’t prevent most people from seeing who this author is really batting for.
Right on the dot, Bernard. I had noticed the trend right from the headline but decided to read just so I could find the “catch” with a conclusion that wouldn’t support the headline. However, the data, not the conclusion was all flawed and would only fool the already fools out there who have not experienced ev driving yet. Texas just passed a law that will make ev owners pay steep fees. It’s the bizarro world.
I’m as conservative as you get, yet have solar panels, drive a Rivian R1S, ride my bike to work, produce very little garbage for the landfill. I too find fault with the math. I only pay 0.08c kwh in Oregon where I live so in my conservative mind I am only paying 3-4 cents a mile (depending on how I drive) to charge at home. Around $3.50 per 100 miles for a spacious SUV is not even comparable to gas. And yes it does feel good to not produce fumes for fellow bike riders to inhale. I hope we have that in common and I also hope moving forward we can just have a point/counter point dialogue instead of bringing political leanings into it.
👍👍
Yes, this is complete FUD. I too drive an EV and the math is nonsense. I’m an apartment dweller, so I rely on public charging. Mostly lvl 2 on my block. I pay @ $6:5 -7 for 100 mi. My previous, small ice car, would get @ 50 mi for the same cost. On a busy month I save what amounts to my car payment!
It’s pretty obvious the moment he mentioned
“Mr. Biden” not “President”. And also that is only government push to EVs. Most European car makers have laid out their complete transition, China’s big push, etc.
It’s a global market that’s going one way, so if we want to compete… Or end up buying all our cars from China as well…
It’s the absurd hatred of “renewables” as an admitting to “climate change”.
Aside from the ridiculous intro of buying mom a $50,000 car for Christmas and realizing at a gas station that charging a car would be more expensive and the litany of grammatical mistakes, the math is ALL wrong. It costs me about $4 to add 150 miles of range at home, and after having my car for 2 years and over 40,000 miles, I have spent about $56 on high speed chargers.
I drive my bolt EUV an average of 1,000 miles a month. I charge almost exclusively at home for a cost of less than $23. Try driving any ICE vehicle a thousand Miles for 23 bucks.
It is true that, for now at times, it might get a little challenging charging an EV on long trips but price comparison is totally off. She has no clue of what she is writing about.
I paid $3.20 for driving 100 ml on Chevy Bolt as opposed to $25.00 on an older ICE, small SUV. It is sad that people who don’t know may believe what she writes.
Seeing a few of these sort of articles in last few days where they’re claiming EVs cost more to refuel than gas. It all seems like a hit piece to start a new angle against EV with completely incorrect data.
I’ve been driving 2 Teslas last 4y in Northeast. Cost to charge is : $9.80 for full tank (310mi) or about $3.30 for 100 miles if done at home (@ 0.17/kWh). If you go supercharger it is about $0.30/kWh so about $6 for EV to go 100mi.
For gas it is: $3.9/gal and my gas gives about 27mpg on highway and 21mpg in city for combined 24mpg.
Gas is hence about 100mi/24mpg*$3.9 = $16 to travel 100mi.
EV: $3.30 home or $6 Supercharger for 100mi
GAS: $16 for 100mi
I’ve saved about $1500/y on my EV so about $6000 saved in refueling costs last 4y for each EV!
This article is full of fake news and wrong math. Feels like Toyota wrote this.
Hello, there. Are you absolutely sure about your calculations? It is overly inflated.
Every single one of these fraudulent cost comparisons assumes expensive public charging. I get it, gas stations are all public stations, but that doesn’t mean electric vehicle charging must be done out in public. You can charge at home for much less. Charging can even be COMPLETELY FREE with solar panels.
Imagine if someone reviewed a smartphone and relied exclusively on public phone chargers. That’s nonsense. But we somehow think that’s an intelligent review as far as EVs are concerned. It’s not.
Tell us you’ve never ridden in an ev without telling us. To charge a Polesta from 30 to 90% cost $13 at the most expensive fast charger I ever found. Running the EV turns out to be between 1/3 and 1/2 of the cost of running an ice vehicle
Similar “math” from another article that just surfaced very recently. They not only need to do better simple math but also acquire better ethics. Total garbage. You can plug any numbers you want and create fancy graphs and charts and making bogus conclusions and claims. But the fact of the matter is that those numbers are garbage to begin with.
I want to start by calling out partisan hate on the internet, blaming the ‘stink of conservative MAGA carbon lovers’…. Why can’t we just be civil in our discourse? I am a conservative MAGA voter and I own 2 electric vehicles – YES- We love this planet too! What a shocker! Let’s just focus on this so called ‘journalism’ instead of throwing mud where it doesn’t belong. That just weakens your point. I don’t know where the writer fills up, but in California, it doesn’t cost $17 to fill up a truck for 100 miles. If you consider our gas price of $5.25/ gallon and an average fuel economy of an F-150 of 20MPG, then it costs $26.50 for 100miles of fuel (and that’s sticker MPG- I’m sure real world is worse). Also, cost of charging varies from place to place, but Its never as high as the writer suggests.
I completely agree. the ‘study by business insider never revealed the way those numbers were calculated. to reproduce the charging costs, there has to be some heavy costs added in, like the entirety of the annual electric vehicle tax divided into that 100 miles. this article and the one by business insider are clearly pro big oil propaganda, similar to the recycling puff pieces of the 90’s
What a load of horse pucky this article is. Lobbyists for the oil and gas sector much? Even *if* charging on public chargers was, on-average, more expensive than gas (which it’s not), every EV owner literally has a refueling station *at home, in their garage*! I’ve been driving EV for 5 years, and can tell you conclusively that electricity at home is 7-10 TIMES cheaper than gas.
This article is propaganda, not journalism…
I agree with most everybody here. What is the author trying to do with this misinformation? It doesn’t make any sense.
The methodology of your so called “study” should have been spelled out
For those who actually own an ev all report different numbers than this study, and universally have the electricity Bill’s to prove their costs are much lower than reported here. I for one, have the utility Bill’s to prove I get 100 kilometers of range for one dollar of home charging. Fake news on ya.
While I agree with all the different math equations, I have not heard one person on any forum, or any political person say one thing about the roads. Currently consumers pay for upkeep on roads using gas tax per gallon, which of course varies by state. When will we see a tax on EVs to help fund that? When that happens what will that number be? Can that number be added to the equation? I hope that my EV won’t end up costing me a lot more to drive.
Yes, @Davy Jones, if you keep up you will notice that some states already charge a registration tax every year on EVs to account for the lost gas tax. Not to worry the government will ALWAYS get its tax money.
Glad to see I’m not the only one noticing the BS math here. I have a 2022 kona ev and average 4.4 miles per kw over the year in New York. Electric here is .23 kw so 10o miles costs me 5.22. What the article fails to mention is electricity can be made at home. My solar system produces enough to cover all my driving, I got it with 30% rebate and averaged over 10 years it’s costing me .5 kw. After the 10 years it’s all free.
My electricity bill went up $20 a month after I got my Tesla model performance. That’s the only metric I care about. I was paying $180 a month in gas….
I drive a 23 Chevy Bolt. It’s purpose is for a daily commuter. Drive 40 miles average per day (40-45mph average). 5 miles per KWH average (as low as 4 with climate control). Home charge to 80% twice a week at .15 per KWH (taxes included). Cost me $3 per 100 miles ($3.75 with climate control). Have 2- Level 2 chargers. A 30 amp clipper Creek that I bought 8 years ago to charge my previous Nissan Leaf. Still going strong. I also installed an extra 50 amp RV outlet and use the factory dual level Bolt portable charger. Also have several extra factory dual charger cables that I bought off eBay as spares. Maybe spent a total of $1500 for all chargers, cords and connections to house breaker panel (Free install labor. Me).
Don’t know about infrastructure yet to totally give up on ICE (Would consider Plug in hybrid with at least 50 miles battery range if costs aren’t outrageous), but EVs work awesome as daily commuters.
It has never cost me more than $10 using DC Fast Charging to fully charge my Chevy Bolt and I’ve drive an average of 200 miles between charges. It’s less than that charging at home and many places have free level 2 charging. Places like hotels, libraries and government offices are a few places that have free charging. So I think the research us pretty faulty.
He belies his own argument with his bad math however I think this is great because I own Navy and I want to buy another one in the future and not have anybody compete with me purchasing a new EV nor crowd the charging stations. So cheers to him
Well, I drive a Tesla Model y performance and Tesla electric just came to Texas and offered to give me unlimited charging from 10:00 p.m. to 6:00 a.m. for $25 a month!
I can still charge up my normal rate during the day with my existing charger. However, they also are lowering my perk kilowatt hour by 5 cents. So I’m going to be saving about a hundred bucks a month on my electric bill and only paying $25 a month for fuel.
To my dear readers,
I hear your concerns about “Bad Maths” and such, but I presented what the study claimed.
However, I would urge you all to read the last sections of the article and then you’ll know what I was advocating for.
Happy to assist you, y’all!”
Unfortunately, the study you read, was just objectively wrong. It causes this article to provide misinformation to the public due to the article title when the article title is just not true comparing the same types of EVs to the same types of ICEV’s.
Parroting misinformation does not make it ok just because you did not create it…
Do your own homework about the source of your analysis “Anderson Economic Group”, highly biased against Electric Vehicles. Just Google it. Don’t spread disinformation!
Stop being an advocate for EVs, you suck at it! Do your homework before you choose the source analysis, The Anderson Economic Group is highly biased against the Electric Vehicle adoption. Just Google it!
I just bought a used car for 12K that I can fuel with either one
This is very simple, she equated 1 mile of ICE range with 1 kwh of EV battery capacity.
That might be roughly true, but only for an electric pickup truck (which would have far worse ICE costs per mile to compare against). She doesn’t understand that most electric cars only take 300 to 400 watt-hours to go a mile at 65mph, so she, and the other authors of articles of this ilk, are of by a factor of roughly 3 in their summaries.
This is why make-work authors with no basic technical aptitude should not try and write articles that involve the use of, even basic, math.
My Model 3 probably gets about 300 miles at this point. 1/3 would be 100 miles. So 1/3 of my battery pack for a 75kWh would be 25kWh. To charge my car for roughly 100 miles would be about $6.50 for me based on my kWh pricing at home.
This isn’t even an Opinion based article, it’s just flat out objectively wrong. Lol.
Lol 😂
I have tesla model y and honestly i dont like EV much but i dont think EV cost more for charging.
Yesterday i charged 200 miles @ $16.58 using tesla supercharger (public charges on sunday)
Seems your study is just based on wht you heard ppl talking n not as EV owner.
My Tesla model 3 performance has an 82kwh battery. My electricity cost is 14 cents per kwh at home. Observed range varies greatly due to temperature and other factors but let’s assume 250 miles conservatively.
That’s $11.48 for a 100% fill. I averaged 30mpg in the similar sized ICE car it replaced, which required premium gas at around $4.50/gal where I live.
To drive that 250mi would cost 8.33 * 4.5 = $37.48.
My observed EV charging cost is less than 1/3 of the ICE car it replaced.
I would SUGGEST the author of VehicleSuggest sanity check the study before writing an article about it.
Cost of the M3P was in line with or even less than similar size and performance ICE cars, thanks to competition and pricing pressures in EV space. The lower price and US manufacture also resulted in the full $7500 federal tax credit.
My son-in-law and brother have EVs (Tesla & Volva). In both cases, their electric bills only increased about one-fourth of the monthly gasoline bill they no longer have. I wonder if the data analyst went out and compared his analysis to real life situations as a test to be sure the algorithm was correct. I perform data analysis for decades for the nuclear power industry and I had to do that all the time to ensure my analysis was sane. It is not obvious this person did this.
There are 379 million passenger vehicles in the country today. Good luck reaching 50% EV level by 2030. There are not enough raw materials and manufacturing capacity to produce 190m EV cars in 6.5 years… not to mention the electric grid improvements needed. The intention and direction is has merit, but realistically not attainable. Subsidy is an euphemism for tax dollars by the way… how much more in taxes do we want to pay?
I have had my model Y for 9 months and charge about 90% of the time at home…. My electric bill budget has not gone up and will remain the same for the next year as I passed my renewal date.
Just returned from my first road trip in my EV. Traveled 1,260 miles, about 60% avoiding highways. I spent a total of $1.43 on charging thanks to 3 free years of charging from VW at their chargers and free charging at a hotel we stayed in. Several manufacturers offer free charging for a period of time initially. Seems that should be factored in as well.
This article is media gibberish confusing something which is very simple. A gallon of gasoline will make a vehicle go about as far as 10 kWh of battery electricity if the same vehicle is built with battery power. The out of pocket travel cost conversion factor is 10 kWh to 1 gallon. Just move the decimal point to compare. At home $0.12 per kWh costs the same per mile as $1.20 per gallon gas. On a trip $0.50 per kWh Supercharging is the same cost per mile as $5.00 per gallon gasoline.
Everyone is comparing apples to oranges to kumquats
A Chevy Bolt to commute to work is probably cheaper in the long run, if you love a tiny car. Traveling across America or Canada in a gas SUV may be more costly but faster, less stops, can tow a RV trailer and more comfortable. Choose your variables . There’s are a lot of them
In a chevy bolt I pay about $18 if i use a a fast charging station for a little over an hour and thats nearly 200 miles. If I use the volta charger next to my house I can charge for free. This article is way off unless they were running the air full blast, charging 6 phones and tablets blasting the radio, had the high beems on the entire 100 milles and also missed every turn and had to go 150 miles to get to that same destination 100 miles away. Even then they are still wrong
And no cost to maintain an ICE engine. No oil changes, no plugging in the block heater in cold climates. No cost to change other fluids. No air filters, no charging a dead battery, Yes much cheaper…
What a deceiving headline…actually 99% false. 1% true would be comparison of EV hummer to a honda hybrid!😝
Ahh, the fact checking done by this “journalist” is comedic. I’ve seen this ” study” quoted at least twice now and they couldn’t have tried to fact check it, otherwise they’d be left with a similar conclusion as other people who commented, confusion.
Local electricity is $0.13/kWh, for a 70kW charge for 300 miles that’s $9, or $3/100 miles.
I notice that no one addresses Hybrid/Plug-in Hybrid comparisons with EV/ICE cost of ownership & operation.
I have a ’19 Hyundai Ioniq Hybrid, that I own and have driven for the past 4 years. Have also accumulated 83k miles averaging approx 20k annually. Combined average gas mileage has been 50-58mpg. A full tank range 600+ miles…on-board calculation based on previous tanks actual mpg usage x new volume of gas in tank.
I have a model 3 LR. Also own 3/4 GMC pickup. 20$ charge vs 100$ in gas. How many cars get 40 miles to the gallon average. Very few… Oil company propaganda.. enough said.
The government is forcing everyone to buy EV’s, you don’t have the option to buy an ICE. I bought my Tesla simply to get ahead of the curve. I’ll pay $34k, rather then in 5-10 year when they’re over $100k
The math is completely wrong on this.. no gas truck gets 100 miles for 17 bucks.. and charging is half that price or less..
This article is thumbs down.
My car is $45 for about 900 miles.
Tesla Model S. That’s 900-950 miles for $45 for the past 17 months. Charging at home in NC.
I live in Colorado and own a 2018 Tesla Model S. Since it gets 300 miles per charge (315 when new), I only use public chargers about 5% of the time.
We have a 100 kWh battery, the largest Tesla puts in their vehicles. During off-peak hours when we charge, our electricity is $.07 per KWh. That means I get 300 miles of driving for $7 in a luxury sedan that is faster and smother than any 8-cylinder luxury vehicle on the market.
The math in this article is BS and not anywhere near reality. The organization who conducted the study is based out of Lansing, Michigan and funded by companies like Chrysler-Daimler and Ford.
Like any new product introduction, it’s about iteration. We’ll get to EV’s but in the meantime HEV’s are a great ‘iteration’ towards our evolution of EV transportation.
The article fails to address market evolution, specifically, off-peak charging in the analysis. I have a Prius Prime HEV and get 25-30 miles per charge and about 60 miles per gallon of gas. I charge it off-peak at a rate of $.05/kWh. My car requires 6.6 kWh to fully charge ~ $.33 per charge or $.33 per 30 miles. Gas cost for 30 miles ($3.79/gallon) equates to $1.90 ~ a savings of about $1.50/30 miles.
I am living proof because I have $500 extra dollars a month in my pocket. I was paying $600-$700 a month in gas driving my Ram 1500 to work. I purchased my Ford Lightning and electric bill went up $100-$150 dollars a month. This is taking place in Tax heavy Maryland, this author clearly has some bad math.
I have a gas car a hybrid car and a bolt.
I really dont know where this person gets their data from. It costs my 1.60 per 100 to charge at home. Almost 14.00 per hundred in my hybrid and i wont guess the the v6 lexus.
When people write articles they should have to tell us what oil company is paying them to write a misleading article.
The calculations show are not accurate. I’ve driven an all electric Leaf for 10 years, in FL. Most days its driven back and forth to work 30-40 miles each day, totaling over 101,000 miles so far and its saved me Thousands $ on gas, oil and brakes. I charge 99% of the time at home, and my electric cost are only about $50 dollars per month!
Who writes this crap?! The title alone is hilarious! Yup, sure enough it does cost more to charge and electric car vs a gas car 😂! When’s the last time you charged your gas car?! Idiots. Write another story about a “new study” showing diesel trucks using more diesel fuel than gas trucks 🙄. So many headlines and stories have misspellings, bad or missing punctuation…and now THIS! What happened to journalists??
I was shaking my head while reading this. I have a chevy bolt and a lexus. I never drive it anymore. Where I live in Canada i spend 16 cents per kilowatt hour so thats approximately 5.00 to travel 420 km. Yes we use kilometers. My gas car costs about 94.00 dollars to go the same distance. Now if i charge at level 3 my electric car will cost me about 21.00 dollars to go the same 420 km. So I dont understand how this article which is probably paid for by the oil companies as any truth in it.
But i guess if you say a lie enough times people will begin to believe it.
I’m so glad that the readers of this article weren’t sucked in to this BS propaganda. Bad math, unrealistic assumptions and the lack of inclusion of so many other variables.
The Gas to EV calculation is way off but if you factor in the upfront higher ev cost the tire replacement costs depreciation costs and cost to replace the battery pack after its lifecycle then maybe she has a point..
Only if upfront prices drop below comparative ICE cars does EV makes financial sense in long run.I drive a Hyundai Eqqus and a kia Ev6.love them both.
I find this article not applicable in real time. I live in Los Angles and my personal vehicle stopped.working. So for the past 3 weeks I have purposely rented 3 electric vehicles..Tesla, polestar 2 and now a kia niro Ev. I have driven over 1000 miles in that time frame and I have spent $40 on energy/charging. In Los Angeles and Lancaster ,,CA. I have been fast charging at public charge.stations from 35% to 80% for $10-$12 each time. The other times more often I fast charge for free at a public station. So renting an EV for my temporary car replacement situation has been a tremendous upside. Check with the fast charging stations in your city and look for the free ones also. I.hope.this helps.
In Denver, I home charge my Mini SE nights and weekends for 10 cents per kWh. Conservatively, the car averages 3.5 miles per kWh, so less than 3 cents per mile. The car cost me $27500 after state and federal rebates. Two years in and I’ve spent nothing on maintenance. I’m confident the electric motor will last a lot longer than an IC engine would. I’m contributing nothing to our local ozone pollution problem. I don’t see any downside to owning an electric vehicle.
Not sure what the writer of this article was smokin at the time, but firstly they fail to back up their numbers with open math calculations and they too fail to provide any sources of where they are getting many of their values.
This sounds mostly like misinformation.
this is the worst math ive ever seen in my life. this article is factually inaccurate. electric cars are almoat always cheaper than gas to “refill”
I am not sure where you got your information concerning electric cars, but my experiance with my hybrd Fusion has been great. I charge my car for about $1.00 at home the most I have paid to charge at a parking garage is $7.00.
I advise anyone looking to purchase an electric car or hybrd car lease it for 3 or 4 years. If you are happy with it purchase it when the lease is over. That is how my husband and I got into hybrd cars in 2017. We each are on our 2nd hybrd and we love them.
The person who wrote this article is on crack!
Electric everywhere except maybe F’ed up California is around .12 cents a kilowatt NOT .25. What a lying sob who wrote this. https://www.cbs8.com/article/money/amped/san-diego-has-the-highest-electricity-rates-in-the-country/509-b33c2aa1-5414-431d-a060-273059f1e0da
I live in Québec Canada and do a lot of sub-zero temperature driving during December to late March.It costs me $13 USD to recharge my Mach-E Mustang 2021 from 10 to 80% in 25 minutes at a 150KW station.
This gives me 300 miles of driving in spring,summer,autumn and 250 miles in winter.If I want to get 300 miles in winter I charge my car overnight to 100% at a level 2 7kW charge station across the street.This would take 9 hours at a cost of $0.70 USD/ hour for a total of under $7 USD.
That’s the bottom line.No idea what the author here is talking about.I. abandoned the article half way through.
I live in Québec Canada and do a lot of sub-zero temperature driving during December to late March.It costs me $13 USD to recharge my Mach-E Mustang 2021 from 10 to 80% in 25 minutes at a 150KW station.
This gives me 300 miles of driving in spring,summer,autumn and 250 miles in winter.If I want to get 300 miles in winter I charge my car overnight to 100% at a level 2 7kW charge station across the street.This would take 9 hours at a cost of $0.70 USD/ hour for a total of under $7 USD.
That’s the bottom line.No idea what the author here is talking about.I abandoned the article half way through.
Seriously
You have to stop sniffing glue or the issue is the wrong EV. I have had a BEV for over 5 years with no maintenance and way cheaper costs to run my car compared to my gas vehicles which I don’t drive anymore & might just trash them as I’m not sure anymore if I can sell them for any good amount of cash. No way anyone can convince me I bought the wrong BEV
Lies. I have a tesla and ,260 miles cost me $21