Is Gas Or Electric Car Cheaper

A gallon of regular gas today costs an average of 2 70 according to the u s.

Is gas or electric car cheaper.

On the other end of the spectrum are the 10 states with the lowest savings for electric drivers. However this doesn t mean you ll actually spend more over time. 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. But are electric cars actually cheaper to own.

To top it off electric vehicles are cheaper to own over time due to better efficiency reasonable prices for electricity and minimal maintenance. 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. 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. One of the biggest reasons car buyers choose a gas car over an electric one is simple economics.

Electric vehicle drivers still save in the worst states. In fact the opposite may be true in many cases. Some evs are even based on gas car platforms such as the hyundai kona electric and kia niro ev. A few years ago i was probably just like you.

Which vehicle is cheaper. 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. Consider the 2018 ford focus. Driving a gasoline guzzler and loving it.

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. 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. Energy information administration eia. While electric cars will cost more up front than their gasoline powered compatriots in the long run they may be cheaper to operate.

The biggest savings will be in fuel.