Rossen reports: Do electric cars really save you money?
Ah yes. Gas prices aren’t the only thing creeping in prices under the radar, and they don’t get as much attention. Electricity costs more. So what is really cheaper to refuel your car’s gas tank or refuel an electric vehicle. What about the cost of the car up front? How does this work? We will detail everything before you go to buy the car. mm they. First, let’s talk about the average cost of buying an electric car versus a gas car. According to Kelly Blue Book. The average price for an electric vehicle is $64,685. This is very expensive. The average price for a similar full-size gas-powered vehicle is just $41,618. matching. So you’ll pay more up front to buy an electric car. No, no doubt about it. About $23,000 more. Well, the initial cost of owning an electric car is higher. What about maintenance experts say? If you drive 20,000 miles a year, you’ll pay an average of $1,800 a year for maintenance. That’s a lot. But Triple says electric cars don’t require the same amount of maintenance. You do not need to change the oil. You do not need to change the air filters as often. So the maintenance cost is much lower for an electric vehicle that only costs about $949 per year. That’s $851 less. Not Jeff. Gas powered Jeff. Finally, let’s talk about refueling, what is cheaper now to refill the gas tank or the electric battery. The national average for a gallon of gasoline is $4.25 which means filling this car right here. On average, a gas powered car would cost me about $60 off an empty one. Now let’s compare that to an electric car. Most TV users charge their electric cars here at home in the garage and I know you’re used to seeing big private EV chargers in the garage. This is for the fancy pants. Many people charge their electric cars here only using a regular wall socket. Yes, you can do that. But how much does your electric bill cost? So we did the math. It costs an average of 14 cents, 14 cents a kilowatt-hour. It takes an average of 75 kWh to charge an electric car to be fully charged. Yes, we did the math calculator, 75 kWh for a full charge. This means that it costs about $10.50 per charge in this. Electric cars for a quick comparison will cost you more up front. But the savings can be in the thousands each year after that. By the way, for every dollar that gas prices go up, experts say when you understand this, you’re paying about an extra $56 a month on gas for every dollar a gallon. But electricity prices are not rising that fast. So electric car owners probably won’t have to pay that much extra to fill up their batteries. We’ll have all of this information, put it there now and more on my website, Rosen Reports.com. get back to you.
Rising gas prices have prompted some of us to consider changing from a regular gas car to an electric one. But what are the costs? Which is more expensive? Watch the video above: We compare some basic numbers for each; From upfront purchase and maintenance costs to filling each tank. Interested in learning more? The US Department of Energy has a Car Cost Calculator. It’s a tool that uses basic information about your driving habits to calculate total cost of ownership and emissions for most vehicle makes and models, and here’s another way for you to also calculate your AAA driving costs. Charge an electric car.
Rising gas prices have prompted some of us to consider changing from a regular gas car to an electric one. But what are the costs? Which is more expensive?
Watch the video above: We are comparing some prime numbers for each; From upfront purchase and maintenance costs to filling each tank.
Interested in learning more?
- The US Department of Energy has a Car Cost Calculator. It is a tool that uses basic information about your driving habits to calculate total cost of ownership and emissions for most vehicle makes and models.
- Here’s another way to calculate your AAA driving costs.
- Kelley Blue Book has also calculated the cost of charging an electric car.