Most cars still cost more to charge than to fill up with gas
businessinsider.com
businessinsider.com
I have also heard it claimed by others that charging is much cheaper than gas, but they never back it up, it's just taken as a given.
Given the variance in both gas and electricity prices by time and region, the answer to which one costs less is almost certainly "it depends". Interesting that electricity being cheaper has largely become conventional wisdom.
We can repeat this for a Versa compared to a Tesla Model 3. If we use the best conditions of 35 mpg and 4 mi/kWh. Repeating this exercise, you're paying $10.80 for 100 miles compared to $5.75 in electricity. Once again, your electric price needs to be $0.43/kWH for ICE to cost less.
Long story short, you're almost always saving around "2X" the "fuel" cost going electric. But that completely ignores the fact that EV cost more but fuel wise as the article talks about incorrectly, you're almost always on top if you charge at home for an EV.
These costs in this article are surprising to me, and very questionable without any actual numbers behind it. As a PHEV owner who can fuel with either gas or electricity, the 13c per kWh I pay is dramatically cheaper than gas at circa $3 a gallon, to drive any distance at all.
Confounding factors across the US may be that in some places using more electricity results in an increase in your marginal rate, in others it results in a decrease. Typically EV charging is not broken out as its own line item, so owners may not know exactly how many kWh their car is consuming. That doesn't change the fact that only a small number of places with very expensive electricity will have electric charging cost anywhere near gas.
Some day I may upgrade to a 60kwh battery :-)
This is at home paying residential electricity costs. At fast chargers it’s still cheaper than gas but by a much smaller margin. You’re paying a large markup on those.
Junk article.
The only places this might be true are places like Hawaii with crazy expensive electricity. Of course I bet gasoline is more expensive there too since it has to all be imported by ship.
To get actual cost, you need to include monthly fees and overhead and other amortized costs, like that of upgrading your home to a fast charger. (Or even the amortized installed cost of a regular 120v outlet and everything upstreamof it, if that's the assumption. )
Which is why epa requires car companies to use a higher "rate" when calculating economy, roughly double the the natl bulk retail rate avg.
[0] https://www.andersoneconomicgroup.com/many-gas-powered-cars-...
[1] https://www.andersoneconomicgroup.com/second-edition-real-wo...
[2] https://www.andersoneconomicgroup.com/wp-content/uploads/202...
Not to mention they added completely unrelated costs like "time prices" for how long EVs take to charge: Hourly wage at a $70,000 annual salary: The average hourly wage foran individual earning $70,000 annually is about $33. This implies a fueling time cost of around $100 per month for an EV driver, and $30for an ICE drive (page 42 of their report).