Jennifer Hiller and Andrew Mollica of The Wall Street Journal compare the costs of filling up an EV and buying gasoline.
- After analyzing gas and electricity prices across the nation, data from IHS Markit and The Wall Street Journal found that it is cheaper to “fill up” an EV, if you are charging it at home.
- The data also shows that it is slightly more expensive to fully charge an EV than it is to fill up a gas powered vehicle if you were to charge the EV in public.
- As demand for EVs among consumers grows, market forces will lower the cost for electric vehicles.
“Driving habits can make a big difference in efficiency, and are even more important for EV owners. Flooring it in an EV might be fun, but eats away at fuel-cost savings. Heating and cooling can also have a bigger impact on EV efficiency, according to IHS Markit.”
Read the full article here.