Richard Cronin

Those hidden costs will get you every time. This analysis doesn’t even mention the cost to replace a battery of an EV.

Which Really Costs More; Charging an EV or Filling Up Your Gas Tank

Tim adds:

Research suggests in the end gas is cheaper. https://www.motortrend.com/features/are-electric-cars-worth-it-long-term-value/

https://news.yahoo.com/more-expensive-charging-electric-vehicle-150723451.html

https://www.andersoneconomicgroup.com/wp-content/uploads/2021/10/EVtransition_FuelingCostStudy_10-21-21.pdf

In a Yahoo article based on the Anderson Economic Group study, it becomes evidence EV's cost more to run:

A mid-priced internal combustion car that gets 33 miles per gallon would cost $8.58 in overall costs to drive 100 miles at $2.81 a gallon, the study found. But a mid-priced EV, such as Chevrolet Bolt, Nissan Leaf or a Tesla Model 3, would cost $12.95 to drive 100 miles in terms of costs that include recharging the vehicle using mostly a commercial charger.

On a yearly basis, assuming the mid-priced cars traveled 12,000 miles, it would cost $1,030 to drive an internal combustion car and $1,554 to drive an EV.

For luxury cars that get 26 miles per gallon and use premium gas at $3.25 a gallon, the cost to drive an internal combustion car 100 miles is $12.60. The cost to drive a luxury EV, such as a Taycan, Tesla Model S or X or Jaguar I-Pace, is $15.52 to travel 100 miles. That is using mostly commercial chargers.

"That’s apples to apples and includes the extra EV taxes, the commercial charging and the home charging and the allowance of driving to a gas station, which, for most Americans, is very short compared to driving to a commercial charger for an EV owner,” Anderson said.

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