https://finance.yahoo.com/news/electric-shock-study-found-evs-150000536.html
According to a new study from the Anderson Economic Group, rising electricity prices — combined with softer gas prices — made EVs more expensive to fuel than gas-powered cars at the end of 2022.
“In Q4 2022, typical mid-priced ICE car drivers paid about $11.29 to fuel their vehicles for 100 miles of driving,” the study says. “That cost was around $0.31 cheaper than the amount paid by mid-priced EV drivers charging mostly at home, and over $3 less than the cost borne by comparable EV drivers charging commercially.”
-Not considering an EV at this point in time because I drive too few miles for it to make financial sense, (40 miles in the last 2 weeks). My car averages about 28 miles per gal, mostly city driving. Local gas at Chevron is under $4.00 a gallon so spent less than $6.00 for gas in the last two weeks. I have clear title to it. It has less than 33,000. miles so major repairs/maintenance is not likely. Last I checked Kelly Blue Book, it was valued at around $20,000. The average new EV is around $50,000. On average, it runs .05 per mile to drive a Tesla (.05 X 40 mi = $2.00). Clearly is not enough of a savings in my case to warrant replacing my current gasoline engine vehicle.
