Gas is cheap, but charging an EV is still cheaper

The price of home charging an electric vehicle in the U.S., on average, is equivalent to $1.41 per gallon.

It was easy to make the case for the low cost of electric vehicle charging way back in 2022 when gasoline prices were high and charging an EV was about 70% cheaper than filling up at the pump. But now that the price of gasoline is dipping below $3 per gallon, is it still cheaper to fill up a car on electrons rather than gasoline? The answer is yes — by a lot.

By far the least expensive and least polluting option is to get around on foot, bike, or public transit. But if you need a personal vehicle, EVs cost less to drive compared to a similar gasoline-powered vehicle, and they also emit less carbon pollution.

Read the full article from Yale Climate Connections.

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