Talk of The Villages Florida - View Single Post - Cost Of Driving Electric Vehicle Equal To Paying $17.33 Per Gallon Of Gasoline, Study
Thread: Cost Of Driving Electric Vehicle Equal To Paying $17.33 Per Gallon Of Gasoline, Study
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Old 10-30-2023, 10:12 AM
retiredguy123 retiredguy123 is offline
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Originally Posted by Robnlaura View Post
A U.S. Department of Energy report found that, when factoring in the long-term ownership expenses, a small electric SUV costs $0.4508 per mile compared to $0.4727 per mile for a comparable gas car. That’s a difference of just $0.0219 per mile. The report concludes that it would take 15 years for the average EV to make up for its higher purchase price.
Huh? Do the math. If you drive 12,000 miles per year for 15 years, that is 180,000 miles. So, 180,000 x $0.0219 = $3,942. I thought that an EV is $20k to $30k more expensive than an ICE.