Is Gas Or Electric Car Cheaper

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.

Is gas or electric car 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. The biggest savings will be in fuel. However this doesn t mean you ll actually spend more over time. 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.

Electric cars cost considerably more to buy or lease than gas ones. 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. Driving a gasoline guzzler and loving it. Which vehicle is cheaper.

Yes electric cars will be cheaper. A few years ago i was probably just like you. But are electric cars actually cheaper to own. 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. 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. 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.

To top it off electric vehicles are cheaper to own over time due to better efficiency reasonable prices for electricity and minimal maintenance. 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. A gallon of regular gas today costs an average of 2 70 according to the u s.

Energy information administration eia.