Jan. 27, 2023 –A recent study from the Anderson Economic Group has found that driving gas-powered cars may be more cost-efficient than electric vehicles, as reported by Jalopnik.
The study from AEG reports that drivers can save more by switching to an electric vehicle—that is, if they are switching from a gas-powered luxury vehicle to an electric luxury vehicle.
Those who drive more common, everyday vehicles seen on the road will not see the same benefits from such a change, however.
While these drivers will pay “about $11.29 per 100 miles on the road,” for those who have EVs they charge at home, that price becomes “about $11.60 per 100 miles.” Those who opt for charging stations instead will pay a whopping “$14.40 per 100 miles.”
A large factor of the differing costs between those who charge their EVs at home versus at a charging station is credited to a lack of infrastructure supporting EVs. While gasoline purchases are taxed to support road construction and upkeep, electric charging is not.
According to AEG founder Patrick Anderson, high gas prices in 2021 and 2022 made EVs seem like “a bargain,” but “with electric prices going up and gas prices declining,” Anderson says, “drivers of traditional ICE vehicles saved a little bit of money in the last quarter of 2022.”
