The cost of operating electric cars is 3 to 6 times cheaper than gasoline cars in the US due to rising fuel prices
According to statistics from the American Zero Emissions Transportation Association (ZETA), the cost to operate electric vehicles in the US is currently 3 to 6 times cheaper than gasoline cars, due to increasing gasoline prices and fluctuations. .
According to ZETA, the average price of gasoline across the United States has increased to $ 4.3 / gallon, in many areas the price is over 5 USD / gallon (1 gallon ~ 3.8 liters). The association has released a new report that calculates how this increase affects operating costs compared to electric vehicles. According to the association’s data, the increase in gas prices has made the cost of operating a gas-powered vehicle three to six times higher than the cost of charging an electric vehicle, depending on the state:
“Overall, as of March 2022, the cost of driving electric vehicles per mile is significantly cheaper than gas-powered cars. Across the US, electric vehicles are 3-5 times cheaper than gas-powered cars. In Arizona, Florida, Georgia, Nevada, North Carolina, Tennessee and Virginia, some electric vehicles are 5–6 times cheaper to operate.” – ZETA said.
ZETA compares the Ford F150, Toyota RAV4 and Honda Civic with the F150 Lightning, Rivian R1T and Tesla Model 3.
Above, you can see a chart that compares the costs of filling up a gas tank and fully charging the batteries for those vehicles. Below is a comparison of the cost per mile (~1.6km) between internal combustion engine vehicles and electric vehicles, as calculated by ZETA :
Cost disparities are also more significant in some regions, such as California:
Electrek website said that when the price of gasoline increases, electric cars are being much more interested by the American people. However, last week, Bloomberg reported, Tesla decided to increase the price of all its models. The move comes shortly after CEO Elon Musk said the company’s costs were rising.
On Twitter, Elon Musk mentioned the inflation situation in the coming years, saying that many other businesses are also facing this challenge. The Tesla CEO cited an article in the Financial Times as saying that the conflict in Ukraine has pushed general commodity prices to their highest levels since 2008.
The Russia-Ukraine conflict has driven up prices for metal parts used to build cars, from aluminum for bodywork to palladium for catalytic converters and nickel for electric vehicle batteries. This is also the reason why gasoline prices have increased in recent years.
Reference: Electrek
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