Electric vehicles feeling the love
Electric vehicles have a long way to go before they’re mainstream, but more news like this might push more drivers to ask EV’s to “be mine” this Valentine’s Day.
- A new study shows that electric vehicles are cheaper to operate than gas-powered vehicles.
- The study focuses on fuel costs.
- On average, an electric vehicle costs $485 per year to operate, and a gas-powered one costs $1,117.
It’s the season for love, and electric vehicles are definitely feeling some.
That’s in part due to a new study that says electric vehicles cost less than half as much to operate as gas-powered vehicles.
The University of Michigan study broke down the fuel costs state by state and found that no matter where you live in the U.S., an electric vehicle (EV) is going to be cheaper to operate. On average, it costs $485 to fuel an EV and $1,117 to fuel a gas-powered vehicle.
It varies by region and state, but even in a state like Hawaii with high gas prices, the electric costs still came out on top with it costing $1,509 for the gasoline version versus $1,106 for the EV.
Drivers would notice the biggest savings in Washington where electricity is very affordable and gas prices are on the high side of the spectrum. There, the average driver would pay $1,338 for gas for a traditional vehicle or just $372 to charge an electric one each year.
You can check out the breakdown for your state by using the Department of Energy’s interactive eGallon calculator here. An eGallon is a cool way to compare how much it costs in electricity to run your car the same distance a gallon of gas would get you. You can even make it specific to how much you’d save on your daily commute. The Department of Energy’s eGallon calculator was updated in 2018 to reflect current average electric and fuel prices in each state.
Electric vehicles have a long way to go before they’re mainstream, accounting for only one percent of cars sold. But more news like this might push more drivers to ask EV’s to “be mine” this Valentine’s Day.
Sarah is mom to the two cutest little girls in the entire world. Before choosing to make changing diapers and reading bed time stories her full time gig, she earned an M.A. in Political Science from The University of South Dakota, worked in the Governor’s Office as a policy analyst and dabbled in communications at her local utility. Follow Sarah on Twitter @EnergyMommy.