First time owners in over a year traditional gas powered cars according to the consulting firm, they saved more money at the pump than their electric counterparts.
Horse inflated gas prices Fuel prices for most Internal Combustion Engine (ICE) vehicles will be relatively cheaper than filling up an electric vehicle (EV) in the final quarter of 2022, analysts at Anderson Economic Group (AEG) said, after falling in recent years.
In October, November, and December 2022, the cost of driving 100 miles in a gas-powered car dropped by more than $2. With electricity prices rising last year, mid-priced ICEs were more fuel-efficient than EVs for the first time in 2018. months, the firm said.
AEG’s cost analysis was reviewed basic value of energy additional costs to operate the pump or EV charger for gas, diesel and electricity, as well as road taxes and fees, and the cost of going to a petrol station. Costs are calculated for vehicles driven 12,000 miles per year.
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The analysis found that in the fourth quarter of 2022, the typical average gas-guzzling driver paid about $11.29 to fill up his car for 100 miles of driving. That was about 31 cents less than what the average EV driver paid to charge their car at home and more than $3 less than comparable EV drivers paying at a gas station.
Unless you drive expensive luxury electric carAccording to experts, you were losing money on gas in addition to filling up your car.
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“Rising gas prices have made EVs look like a bargain for much of 2021 and 2022,” said AEG’s Patrick Anderson. “With electricity prices rising and gas prices falling, drivers of traditional ICE cars saved some money in the last quarter of 2022.”
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