EV vs Gas Cost
EV vs Gas Cost How does the cost of owning and operating an electric car compare to that of a gasoline-powered car? The cost of owning and operating an electric car can vary depending on several factors, including the model of the car, electricity and gasoline prices, driving habits, and local incentives or subsidies. However, there are a few general considerations to compare the costs between electric cars and gasoline-powered cars: Purchase Price: Electric cars tend to have a higher upfront purchase price compared to similar gasoline-powered cars. This is primarily due to the cost of the electric vehicle (EV) battery technology. However, the prices of electric cars have been decreasing in recent years, and this trend is expected to continue. Fuel/Energy Costs: Electric cars are generally more energy-efficient compared to gasoline-powered cars. The cost of electricity per mile traveled is often lower than the cost of gasoline per mile. The exact savings depend on the local electrici...