Surprise: EVs Are More Expensive To Fuel Than Gas Powered

At the end of the day, if you want to get an EV, get one. That’s your choice. I wouldn’t mind one, except it would be a pain to charge as I do not have a garage. I’m 100% against Government forcing citizens into them. Government is supposed to listen to We The People, not dictate to us

Electric vehicles more expensive to fuel than gas-powered cars at end of 2022: consulting firm

st greta carFor the first time in more than a year, owners of traditional gas-powered cars saved more money at the pump than those driving their electric counterparts, according to a consulting firm.

As inflated gas prices came down at the end of last years, the fuel cost for most Internal Combustion Engine (ICE) vehicles was comparatively cheaper in the final quarter of 2022 than charging an electric vehicle (EV), analysts with the Anderson Economic Group (AEG) said.

The cost to drive 100 miles in a gas-powered car dropped by more than $2 in October, November and December 2022. And with electricity prices rising last year, mid-priced ICE cars became more economical than EV cars for the first time in 18 months, the firm said.

AEG’s cost analysis looked at the underlying cost of energy for gas, diesel and electricity, as well as road taxes and fees, added costs to operate pump or EV charger and the cost to drive to a fueling station. The costs were calculated for vehicles driving 12,000 miles per year.

So, really, what you have is costs being relatively close. Of course, right now, both types are expensive, with gas going way up again. It’s around $3.49 in the Raleigh area (I remember when people freaked when it hit that price the first time. The Powers That Be are trying to get us used to it to force us into EVs). But, electricity costs are also going up, thanks to government policies which are killing off reliable, affordable energy like coal and natural gas, shuttering nuclear, and replacing with unreliable, expensive solar and wind. Well, when the extreme-enviros allow those projects to be built/go online.

The analysis found that in Q4 2022, a typical mid-priced gas car driver paid about $11.29 to fuel their vehicle for 100 miles of driving. That was about 31 cents cheaper than what a mid-priced electric car driver paid charging their vehicle at home, and more than $3 less than what comparable EV drivers pay when they charge their vehicles at a fuel station.

Most people will not be able to charge at home, as they have no garage. They live in apartments. If Government wants to make this happen, they are going to have to open up electricity generation.

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9 Responses to “Surprise: EVs Are More Expensive To Fuel Than Gas Powered”

  1. Professor Hale says:

    Higher cost is a benefit. You can not only signal your climate virtue, you can signal your wealth.

  2. Doom and Gloom says:

    Just wait until there are no more oil, gas, nuclear, and coal-fired power plants. EVs will cost you about 200 bucks a charge when you are not in a blackout. AND. If you can actually drive one since you will be carjacked the moment you roll out of your garage since there will be no more gas cars and EVs will be RARE in the future.

    OH and we all know how safe it will be to ride the SUBWAYS and TROLLEY cars and BUSES in the LEFTS NEW WORLD ORDER.

    America is fast becoming a third-world shit hole because the left is horrified by a few molecules of CO2. They do not understand that warmer is BETTER not BADDER.

    In a world full of moron sheeple following their favorite movie star or gamer or TV personality and led by the 17-year-old, GRETA The GREAT, who hasn’t a clue if you ask her a question about AGW, we are seriously in a MESS. Bigly.

  3. MasterDiver says:

    Meanwhile, in California, another EV spontaneously combusts.

  4. Dana says:

    I’m shocked, I tell you, shocked!

  5. […] Pirates Cove reports that fueling an EV will cost more than fueling a gas powered car […]

  6. Dana says:

    Our esteemed host wrote:

    I wouldn’t mind (having an electric car), except it would be a pain to charge as I do not have a garage.

    I do have a garage, with separate electric service, and the ability to easily install the 220-volt, 50-amphere circuit to power an at-home car charger, but I don’t plan on buying one, either.

    My older daughter has a 2018 Toyota Prius Hybrid, and that seems to be a good car; I’m driving it once a week, to keep it in good working condition while she’s in the sandbox. To me, a hybrid, if well-engineered, makes pretty good sense, and Veronica — that’s the car’s name; our younger daughter’s car is named Betty — gets around 49 miles per gallon.

  7. Matthew says:

    More expensive to fuel in energy costs is one thing, and then there’s the real fuel used to generate that electricity to consider. But the time involved is a factor I hear almost nothing about.
    Beyond the energy to power them and sitting around waiting for them to charge once they are in use is just a fraction of the problem though.
    EV tech has been rushed to market about 3 or 4 development phases too early and it’s been a humanitarian, ecological and recycling disaster. To say that the current “green” energy hardware is going to come back to bite us in the ass is such an understatement that it seems almost shortsighted compared to how badly this is going to end.
    The youth of today has been so brainwashed that everyone under 25 is blaming anyone over 50 for ruining the planet and thus their lives. Wait until we’re all gone and they realize that they were sold a bill of goods regarding green tech and their kids are blaming them for a world overflowing with useless rotting EVs, solar panels and dilapidated wind farms.

  8. Jl says:

    Has anyone checked to see if Johnny is ok?

  9. Peter says:

    over the years, what I’ve noticed is that hoopla about battery powered cars totally ignores TCO. As evidenced in today’s “news” about “cost to operate.” My ’99 pickup with a v8 costs far less to operate than an EV because it 1) cost less than $20000 to buy, 2) is paid for, 3) taxes are low, 4) it’s reliable as all get out and needs little maintenance. Ditto for my two VW TDI’s — real 38-40 mpg using a clean diesel engine. But our EPA in its wisdom has killed deisels in the US… Lord willing, I’ll never buy a BV. I agree with Dana — a “hybrid” is a good option. My F-i-L had one but “fuel savings” were a joke as he drove it with a lead foot, the battery seldom of use! A vehicle that can self-generate electricity to re-charge its low speed battery power makes sense. But BV’s at astronomical costs made with short range, made with lithium and other precious metals that are strip mined and polluting, and no recycling of the dead BV’s, is a cruel joke by the self-deluded.

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