Hydrogen fuel ?
from https://www.businessinsider.com/ev-charging-cost-versus-gas-car-truck-suv-2023-7
Most cars still cost more to charge than to fill up with gas
Alexa St. John Aug 1, 2023, 9:17 AM PDT
A person filling their car at a gas station.
A new study by Anderson Economic Group compared the cost to fuel a gas-powered car with the cost to charge an electric one. (Photo by
Allison Dinner/Getty Images)
A big part of the electric-car transition is cost parity with
gas-powered vehicles.
While charging and fueling trucks cost the same, other cars and their electric counterparts differ.
It's not yet cheaper to charge some electric cars than to fuel them with gas, a new study suggests.
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It's not yet cheaper to charge many electric cars than it would be to
fuel their gas-powered counterparts up with gas, a new study indicates.
The cost of filling up at a gas station versus plugging in — and whether those two match up — largely depends on the segment and price, a study from Anderson Economic Group suggests, published Tuesday.
Trucks cost about the same to fuel and charge, while entry and midlevel
cars and SUVs cost more to charge at home and in public than they do to
fuel at a gas station, the group found. Luxury cars and SUVs fall
somewhere in the middle.
The study was based on the latest information on gas and residential electricity prices, commercial charging prices, tax rates on fuel and electric cars, fuel economy details, and more to compare the cost of
fueling versus charging for 100 miles of driving.
Last year, skyrocketing gas prices turned many consumers onto the idea
of electricity. As gas prices normalize, there is less incentive for
some people to make the switch.
Cost parity between electric vehicles and internal-combustion engine
cars is largely lacking; that is, EVs are generally more expensive (with
an average transaction price of $53,438 in June, Kelley Blue Book
reported) than gas ones (averaging $48,808).
Reaching cost parity is going to be a crucial part of boosting EV
adoption, and it is improving — but that's not the end of the story. How much it costs to fuel versus charge vehicles is something consumers are taking into consideration, too.
Here's how the costs break down by segment:
A white Ford F-150 in the driveway of a cabin with green garage doors.
It costs roughly the same to fuel gas-powered trucks as it does to
charge electric trucks at home. Ford
Trucks
For trucks, it roughly costs the same to fuel and charge. Whether you're fueling a Ford F Series, Ram 1500, or Chevrolet Silverado, it costs
about $17.58 for every 100 miles. Trucks that take diesel cost about
$17.10 to fuel for the same mileage. If you have a Rivian R1T or GMC
Hummer, the cost to charge at home isn't much different; it's about
$17.70 per 100 miles.
The cost to charge, however, skyrockets 48% to about $26.38 if a driver
is mostly charging in public.
An electric car parked in a driveway.
A driver might pay 64% more to charge their entry-level EV at a public charger than they would to fuel its gas-powered equivalent at a gas
station. Chevrolet
Entry-level cars and SUVs
If a driver owns a Nissan Versa, Hyundai Elantra, or Kia Forte, it's set
to cost them about $9.78 in gas for every 100 miles.
But switch to a Nissan Leaf or Chevrolet Bolt, and that increases to
about $12.55 in home-charging expenses. Head to a commercial charger,
and a driver is looking at nearly $16 — 64% more than if you stuck with
a gas-powered car in the same segment.
An electric car driving down a road with trees in the background. Luxury-segment EVs may cost less to charge at home than their gas counterparts would cost to fuel. Mercedes-Benz
Luxury cars and SUVs
The luxury segment is interesting in that it actually might cost less to
go electric — so long as you plug in at home.
It costs about $17.56 for every 100 miles for a gas-powered Lexus ES, Porsche Macan, Mercedes-Benz GLE, or similar vehicle.
The Porsche Taycan, Tesla Model X and Model S, and Mercedes-Benz EQS may cost about $13.50 if you're juicing up in your garage, saving you about 23%.
But if you drive one of these EVs and you mostly use public charging,
you're back to square one, paying about $17.81 per 100 miles.
An electric car on a road with trees and mountains in the background. Charging a mid-level EV at home would cost about $12.62 per 100 miles,
the Anderson Economic Group found. Kia
Midlevel cars and SUVs
For now, drivers will probably pay more to charge their Ford Mustang
Mach-E, Kia EV6, or Volkswagen ID.4 than to fuel their
internal-combustion engine counterparts like the Chevrolet Equinox,
Nissan Altima, or Subaru Outback.
Charging any of these vehicles at home will run about $12.62 per 100
miles while fueling one at a gas station may run about $11.08. That difference, while not incredibly substantial, may add up — and when
these drivers go to a public charging station, they're likely to pay
about $16.10 per 100 miles.
Have you bought a vehicle and its electric equivalent (such as a Ford
F-150 and the Lightning)? How much does it cost to charge compared with
what you paid for fuel? If you have a tip or opinion to share, contact
this reporter at ast...@insider.com.
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