Friday, August 19, 2022

Saving $700 a Year Is Nice, but not Enough

    A study by the University of Michigan Transportation Research Institute found that average cost to fuel an electric vehicle was $485 a year, campared to $1,117 for a gasoline-powered car.

   And that was in 2018.

  With a sharp eye on whether EVs are beginning to overtake GVs (hey, if electric vehicles can be referred to as "EVs," gasoline vehicles are "GVs"), the world is watching not only the price of the cars themselves, but the cost of fueling them.

   Saving $700 a year is notable, but perhaps not a game-changer. That amounts to only $3,500 across five years. With the average price of a EV at $66,000, the expense of the car far outweighs the money saved on fuel.  

(Index -- Climate change info)

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