![]() ![]() (A lower kWh/100 miles rate is better.) The 2022 Tesla Model 3 RWD leads the pack in efficiency, with 25 kWh/100 miles. For an EV, efficiency is measured by how many kilowatt-hours (kWh) of electricity it consumes per 100 miles-similar to a gas-powered car’s miles-per-gallon stat. Here’s where it can get a little complicated.įor starters, electric vehicles range in efficiency-that is, how far they can go on the same amount of electricity. A 2020 Consumer Reports study similarly showed that EV drivers tend to spend about 60 percent less each year on fuel costs compared to drivers of gas-powered cars.īut these savings calculations aren’t the same for everyone. A 2018 study by the University of Michigan’s Transportation Research Institute found that the average cost to fuel an electric car was $485 a year, compared to $1,117 for a gas-powered vehicle. Going electric means you get to skip pricey trips to the pump, which is one of the biggest draws for making the switch. Once you have an idea of what incentives you qualify for, you should be able to better compare car prices. That installation will cost you about $2,000, but some states and local utility companies offer incentives to offset it. If you want to be able to make frequent and/or longer trips, installing a Level 2, 240-volt outlet in your garage can allow you to add 200 miles or more overnight. Charging from a standard 120-volt outlet for eight hours will add about 32 miles of range, which is typically plenty for daily driving needs. So take the time to search for what’s available for the model you’re interested in buying.īe sure to also account for a potential upgrade to your EV-charging system. However, many states offer their own tax incentives too. One asterisk: New EVs must now meet new manufacturing requirements in order to qualify, which will likely temporarily impact the availability of eligible EVs while supply chains catch up. ![]() The federal EV tax credit offers up to $7,500 for new EVs and, for the first time, $4,000 for used EVs, too. You can mitigate some of that cost by making use of tax incentives, which can shave thousands off an EV’s price tag. But the EV market is growing rapidly, and this price margin is expected to shrink considerably in the coming years as manufacturers produce more affordable models and battery technology (which is the most expensive part of an EV) improves. The average sticker price of a new electric car in 2021 was about $10,000 higher than the industry average, which includes both gas-powered and electric vehicles. A lot can determine your EV’s price tag-from fuel costs to maintenance-and whether you’ll save money in the long run. There are plenty of climate and air quality reasons to buy an electric vehicle, but is it cheaper to drive? It’s the deceptively complicated question that has befuddled car shoppers for years and with good reason.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |