Is Gas Or Electric Car Cheaper

But are electric cars actually cheaper to own.

Is gas or electric car cheaper.

To top it off electric vehicles are cheaper to own over time due to better efficiency reasonable prices for electricity and minimal maintenance. A gallon of regular gas today costs an average of 2 70 according to the u s. A few years ago i was probably just like you. Which vehicle is cheaper.

Energy information administration eia. 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. However this doesn t mean you ll actually spend more over time. 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.

Electric cars are more expensive than gas cars mostly due to the cost of the battery. Consider the 2018 ford focus. One of the biggest reasons car buyers choose a gas car over an electric one is simple economics. On the other end of the spectrum are the 10 states with the lowest savings for electric drivers.

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 cost considerably more to buy or lease than gas ones. 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. In fact the opposite may be true in many cases.

While electric cars will cost more up front than their gasoline powered compatriots in the long run they may be cheaper to operate. Driving a gasoline guzzler and loving it. Electric vehicle drivers still save in the worst states. Some evs are even based on gas car platforms such as the hyundai kona electric and kia niro ev.

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.