Gasoline is cheap right now — but charging an EV is still cheaper

Source: Grist

Excerpt:

It was easy to make the case for the low cost of electric vehicle charging way back in 2022, when gasoline prices were high and charging an EV was about 70 percent cheaper than filling up at the pump. But now that the price of gasoline is dipping below $3 per gallon, is it still cheaper to fill up a car on electrons rather than gasoline? The answer is yes — by a lot. 

By far the least expensive and least polluting option is to get around on foot, bike, or public transit. But if you need a personal vehicle, EVs cost less to drive compared to a similar gasoline-powered vehicle, and they also emit less carbon pollution. 

The map below shows the price of charging an EV expressed in “eGallons,” which is the cost of charging an EV by an amount equivalent to one gallon of gasoline. In other words, the map shows how cheap gasoline would have to be in order to be on par with the cost of at-home EV charging.

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