Is Gas Or Electric Car Cheaper

Energy information administration eia.

Is gas or electric car cheaper.

In fact the opposite may be true in many cases. But are electric cars actually cheaper to own. The biggest savings will be in fuel. Some evs are even based on gas car platforms such as the hyundai kona electric and kia niro ev.

Consider the 2018 ford focus. I estimate that i paid around 25 a week in fuel going back and forth to work and running errands that s 100 a month. However this doesn t mean you ll actually spend more over time. Driving a gasoline guzzler and loving it.

A few years ago i was probably just like you. A gallon of regular gas today costs an average of 2 70 according to the u s. One of the biggest reasons car buyers choose a gas car over an electric one is simple economics. Which vehicle is cheaper.

Gas cars comparing the costs of electricity required to run an electric car versus the costs of gasoline to power a regular car is still an arcane science with many. So by our calculations that makes the gas powered mini a mere 358 cheaper to own and operate over the first three years than its electric counterpart essentially a wash. While electric cars will cost more up front than their gasoline powered compatriots in the long run they may be cheaper to operate. We took a look at the costs of fuel maintenance and buying evs plug ins and gas cars to see if you really save money going electric.

Electric cars are more expensive than gas cars mostly due to the cost of the battery. Evs are already at cost parity in some markets and that automakers could reap profits comparable to or greater than gas powered cars by or before 2025. Yes electric cars will be cheaper. Even in the worst state of connecticut charging your ev is still 353 cheaper per year than pumping gas when comparing the average electric vehicle to the average gas car on the road.

On the other end of the spectrum are the 10 states with the lowest savings for electric drivers.