So, are EVs really cheaper to power than internal combustion engine (ICE) vehicles? Well, that depends on the yardstick you use when measuring.
Study Reveals Different Findings
On Oct. 21, 2021, the Anderson Economic Group — a respected economic consulting firm with decades of auto industry experience — released the results of its own study, which was six months in the making.
Titled “Comparison: Real World Cost of Fueling EVs and ICE Vehicles,” the report’s startling results were summarized in its official synopsis: “Electric vehicles can be more expensive to fuel than their internal combustion engine counterparts.”
It found that powering EVs comes with four hidden costs: the purchase of a home charger, the greatly inflated price of commercial charging at public stations, “deadhead miles” spent driving to find far-flung charging stations and registration taxes that states slap on EV drivers to make up for the fact that they don’t pay gas taxes. The study also factored in the cost of time spent searching for reliable charging stations, which — even when located — can take a half-hour for a charge of 20% to 80%.
Traditional research — like the industry standard provided by DOE — doesn’t take any of that into account. It also presumes a heavily lopsided reliance on cheap, at-home charging instead of expensive commercial charging.
Full results at the link...
Read Article