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EVs Could Save $1,200 on Fuel Per Year
Driving an electric vehicle instead of a gasoline-powered car in the U.S. could save its owner an average $1,200 per year in fuel costs, according to the Union of Concerned Scientists.
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Driving an electric vehicle instead of a gasoline-powered car in the U.S. could save its owner an average $1,200 per year in fuel costs, according to the Union of Concerned Scientists.
The group's State of Charge compares an EV that can be recharged at 11 cents per kilowatt-hour with a conventional car rated at 27 mpg and fueled with gasoline costing $3.50 per gallon.
The UCS estimates that average fuel costs over the lifetime (15 years or 166,000 miles) of a gasoline-powered vehicle would range from $18,000 for a car rated at 27 mpg to $9,800 for one rated at 50 mpg. Those costs compare with $5,200 for the electric power to operate an EV rated at the equivalent of 99 mpg (0.34 kWh/mile).
The group notes that savings are greater in regions where electricity rates are lowest and if EVs are recharged at night when even cheaper rates apply. The UCS assessment ignores the higher cost of an electric vehicle and does not consider overall operating expenses.
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