How Much Do Electric Vehicles Cost to ‘Fill Up’ Compared With Buying Gasoline? - WSJ
In our look at fuel only, the driver of a Mach-E saves 4 cents to 9 cents per mile.
I’ve waited for this information. A great article that takes gas vs. electricity comparison head on.
On the high end of this average, EV owners would save $1,350 a year, after paying nearly double on the sticker price, before incentives and before installing a home charger.
Of course, I can sign up for fuel station programs and save $.05 a gallon on gas and wipe out any fuel savings that electric charging offers.
This isn’t a compelling value-proposition, which explains all of the subsidies. The Market hasn’t embraced it outside of niche pockets, so the government creates a distortion. The Transportation Department is going to spend billions building out charger networks, and yet it’s never had to build or own a single gas station.
The best technology should compete and win, and long-term that may be EVs. For now, the government picks winner and losers which is a surefire way to waste taxpayer dollars.