• Most cars still cost more to charge than to fill up with gas

    From a425couple@21:1/5 to All on Wed Aug 2 08:17:49 2023
    XPost: rec.autos.sport.f1, rec.autos.sport.nascar, rec.autos.sport.indycar

    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 astjohn@insider.com.

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  • From geoff@21:1/5 to All on Thu Aug 3 10:06:11 2023
    XPost: rec.autos.sport.f1, rec.autos.sport.nascar, rec.autos.sport.indycar

    On 3/08/2023 3:17 am, a425couple wrote:
    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


    Hydrogen fuel ?

    geoff

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