Do electric vehicles really save you money?

Rossen Reports: Do electric vehicles really save you money?



Oh yeah. Gasoline prices aren’t the only thing flying under the radar, not getting as much attention. Electricity costs more to. So what is really cheaper to fill your gas tank on your car or to fill an electric car with electricity. And what about the cost of the car in advance? How is this taken into account? We break it all down before you buy your car. Mm hm. First, let’s talk about the average cost of buying an electric vehicle compared to a gasoline vehicle. According to Kelley Blue Book. The average price of an electric vehicle, $64,685. It’s quite expensive. The average price of a comparable full-size gas car is just $41,618. Requiring. You will therefore pay more in advance for an electric vehicle. No, no questions about that. About $23,000 more. Okay, so the initial cost of owning an electric vehicle is higher. What about maintenance, say the experts? If you drive about 20,000 miles per year, you’ll pay an average of $1,800 per year for maintenance. It’s a lot. But the triple said electric vehicles don’t need the same maintenance. You don’t need to do oil changes. You don’t need to change air filters as much. Thus, maintenance is much less important for an electric vehicle that only costs around $949 per year. That’s $851 less. Not Jeff. The gas propelled Jeff. Finally, let’s talk about refueling, what could be more economical than recharging a gas tank or an electric battery right now. The national average for a gallon of gas, $4.25, which means filling up that car right here. Average gas car, it’ll cost me about $60 empty. Now let’s compare that to an electric vehicle. Most TV users charge their EVs right here at home in the garage and I know you’re used to seeing those big special EV chargers in the garage. It’s for fancy pants. Many people charge their electric vehicles here just with a regular wall outlet. Yeah, you can do that. But how much does it cost on your electricity bill? So we did the math. It costs 14 cents on average, 14 cents per kilowatt per hour. It takes an average of 75 kilowatt hours for an electric vehicle to fully charge. Yeah, we did the Math calculator, 75 kilowatt hours to fully charge. That means it costs around $10.50 per charge. Quick comparison electric cars will cost you more up front. But the savings could run into the thousands every year thereafter. By the way, for every dollar that gas prices go up, experts say you’re paying about $56 more per month in gas for every dollar a gallon. But electricity prices are not rising so fast. So owners of electric vehicles will probably never have to pay so much to fill their batteries. We’ll have all that information, putting it out there right now and more on my website, reports Rossen dot com. Back to you.

Rising gas prices have caused some of us to consider switching from a regular gas-powered vehicle to an electric vehicle. But what are the costs? Which is the most expensive? Watch the video above: we compare some of the basic numbers of each; from initial purchase costs and maintenance to refilling each tank. Interested in knowing more? The US Department of Energy has a “Vehicle Cost Calculator.” It’s a tool that uses basic information about driving habits to calculate total cost of ownership and emissions for most vehicle makes and models. Here is another way for you to also calculate your driving costs via AAA. Kelley Blue Book has also calculated how much it costs to charge an electric car.

Rising gas prices have caused some of us to consider switching from a regular gas-powered vehicle to an electric vehicle. But what are the costs? Which is the most expensive?

Watch the video above: We compare some of the base numbers of each; from initial purchase costs and maintenance to refilling each tank.

Interested in knowing more?

  • The US Department of Energy has a “Vehicle Cost Calculator.” It is a tool that uses basic information about driving habits to calculate the total cost of ownership and emissions for most makes and models of vehicles.
  • Here is another way to also calculate your driving costs via AAA.
  • Kelley Blue Book has also calculated how much it costs to charge an electric car.

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