Driving 100 miles in an electric car is now more expensive than an ICE

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Not having to buy gas anymore is one of the most compelling selling points for potential electric vehicle Customers. It is easy to conclude that owning an electric vehicle and charge at home is cheaper than a car with an internal combustion engine. The conclusion is correct when a driver switches powertrains between luxury vehicles, e.g. B. from a Porsche Macan to an electric Porsche Taycan.

However, a recent report by the Anderson Economic Group (AEG) found that the fuel costs of mid-range ICE vehicles are lower than similarly priced EVs. Gasoline drivers pay about $11.29 per 100 miles on the road. EV drivers charging at home spend about $11.60 per 100 miles. The price difference is more dramatic for those who mainly charge at stations. Often ccharging station Users pay $14.40 per 100 miles.

AEG founder Patrick Anderson stated, “Gasoline price hikes made EVs look like a bargain for much of 2021 and 2022. With electric prices rising and gasoline prices falling, drivers of traditional internal combustion engines saved a little money in the last quarter of 2022. â€‌

There were several factors AEG uses when noting that owning an electric vehicle is more expensive, such as home charger costs, road taxes and empty kilometers. Owners of ICE-powered cars must tax gas purchases to fund road construction and maintenance. While EV owners pay no gas tax, some states have introduced an additional EV registration fee to compensate.

The massive increase in reports for charging station users compared to home chargers is due to the vacant miles reach stations and the opportunity cost of waiting for vehicles to charge at stations. The difference underscores the lack of coverage of EV charging infrastructure in the United States.


Hey, I am Sakib Hossain Sojib, an entrepreneur known as an SEO Specialist, Digital Marketer, Blogger, and Content Creator. I have a team of researchers who guide and review products for our audience to help them by providing valuable information to help our audience makes the best decisions for their needs. I love to take care of my cars. So, I like and enjoy car maintenance and automotive research. The provided content is based on my learning, research, and understanding of the topic and its concept. Our extensive experience in the industry allows us to offer unique insights and perspectives on the latest trends and products. We aim to educate and empower our readers by providing them with the knowledge they need to make informed decisions about their needs.

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