A Better Way To Compare Gas & Electric Prices
Summary
A recent article on CleanTechnica explores the stark contrast between gas and electric vehicle charging costs, highlighting the challenges of comparing fuel prices. The authors suggest a more effective method for evaluating these expenses for EV drivers.
Key Insights
Why is comparing gas and electric vehicle fuel costs per gallon or per kWh misleading?
Direct comparisons of gas prices per gallon to electricity prices per kWh are misleading because EVs and gas vehicles have different energy efficiencies and consumption rates; a better approach is comparing **cost per mile**, which accounts for real-world usage and reveals EVs' lower costs, often half or less than gas.[1][2][3]
Sources:
[1]
How much cheaper is home EV charging compared to public charging or gas?
Home charging costs about $0.16-$0.18 per kWh, making a full charge for a 72 kWh battery around $12-$13 or 5-6 cents per mile, versus $0.25-$0.47 per kWh at public stations ($18-$34 per charge) and 11 cents per mile for gas at $3-$4 per gallon; annual savings can exceed $1,000 for typical drivers.[1][2][7]
Sources:
[1]