In the face of higher gas prices, the advantages of EV operating costs have been strengthened

According to a new analysis, with the rise in gas prices, the benefits of operating EVs have increased.

The Zero Emission Transportation Association (JTA), an EV advocacy group, released a report on Wednesday tracking miles per mile of EV and petrol vehicles over the past six months. It has been found that, based on the overall operating cost, EVs are much cheaper to drive per mile than gasoline cars.

Nationally, gasoline is three to five times more expensive to drive than an EV, the report said. In some states – including Arizona, Nevada, North Carolina, Tennessee, Virginia and West Virginia – EVs can run at 15% to 20% of the price of a gasoline car per mile, the report found.

2022 Volkswagen ID.4

2022 Volkswagen ID.4

The cost of electricity is also less volatile than the price of oil, so EV operating costs are more likely to remain stable over time, the JTA argued. As with other similar past analyzes, the group further noted that lower EV maintenance costs contribute to their lower overall operating costs.

It is based on a similar ZETA analysis published in March, which focuses more on charging and EV costs than filling an internal-combustible vehicle with gasoline. It has been found that EVs are three to five times cheaper to drive per mile nationally and up to six times cheaper in certain states.

2022 Hyundai Ioniq 5

2022 Hyundai Ioniq 5

This is far from the only analysis that indicates that EV operating costs are low. A 2020 Consumer reports Studies have shown that higher operating costs can offset higher EV purchase costs – especially for pickup trucks and SUVs.

This is an important factor in converting evidence of low EV operating costs into a high rate of EV acceptance. A Deloitte survey earlier this year suggested that half of American owners would not pay extra for an electrified car regardless of cost savings.

Savings also depend on a number of factors, so of course you have to do those calculations for yourself.

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