Fuel Costs Of Electric Vehicles Overtake Gas-Powered Cars: Study, by Allen Zhong

This is funny, and it’s happening when uptake of electric vehicles is still fairly low. From Allen Zhong at The Epoch Times via zerohedge.com:

The cost to fuel electric vehicles in the United States is higher than gas-powered cars for the first time in 18 months, a consulting company said.

“In Q4 2022, typical mid-priced ICE (Internal Combustion Engine) car drivers paid about $11.29 to fuel their vehicles for 100 miles of driving. That cost was around $0.31 cheaper than the amount paid by mid-priced EV drivers charging mostly at home, and over $3 less than the cost borne by comparable EV drivers charging commercially,” Anderson Economic Group (AEG) said in an analysis.

A Tesla Inc. electric vehicle charges at a supercharger station in Redondo Beach, Calif., on Jan. 4, 2021. (Patrick T. Fallon/AFP via Getty Images)

However, luxury EVs still enjoy a cost advantage against their gas-powered counterparts.

It costs luxury EV owners $12.4 to drive every 100 miles on average if they charge their cars mostly at home or $15.95 if they charge their cars mostly at commercial charger stations in the 4th quarter of 2022.

Meanwhile, the fuel costs for luxury gas-powered cars are $19.96 per 100 miles on average.

AEG is a consulting firm based in Michigan that offers research and consulting in economics, valuation, market analysis, and public policy, according to the company’s website.

The fuel costs in the analysis are based on real-world U.S. driving conditions including the cost of underlying energy, state taxes charged for road maintenance, the cost of operating a pump or charger, and the cost to drive to a fueling station, AEG said.

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2 responses to “Fuel Costs Of Electric Vehicles Overtake Gas-Powered Cars: Study, by Allen Zhong

  1. Free Rainbow Stew Bubble Up

    Dank memes show the EV car junkyard in France placed there because new batteries cost more than the cars are worth.
    Another shows a huge earth mover truck loaded with coal and the caption some more energy for your EV car.
    There are a couple Tesla vehicles locally with one in the neighborhood and the occasional Prius with fruity stickers.
    I pass them up in the commie roundabouts like Roadsnake Plissken.


  2. Pingback: US: fuel costs of electric vehicles overtake gasoline-powered cars | Waikanae Watch

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