EV vs Gas

Yes, electricity costs roughly $0.04-$0.05 per mile vs $0.12-$0.16 for gas. EVs also have lower maintenance costs with no oil changes, fewer brake replacements, and no exhaust system.

Modern EVs achieve 200-350 miles per charge. The US has 60,000+ public charging stations including over 8,000 DC fast chargers. For daily commutes under 100 miles, range is rarely an issue.

Choose an EV if you drive under 200 miles/day, can charge at home, and plan to keep the car 5+ years. EVs cost $0.04-$0.05 per mile vs $0.12-$0.16 for gas. The higher purchase price is offset by lower running costs -- breakeven is typically 3-5 years.

Average EV costs $45,000-$60,000 vs $30,000-$40,000 for equivalent gas. Annual fuel savings are $1,000-$2,000 (charging vs gas). Maintenance is 30% cheaper (no oil changes, fewer brake replacements). Federal tax credit up to $7,500 available for qualifying new EVs. Total 5-year savings: $5,000-$10,000.

Battery degradation (expect 10-15% loss over 10 years), limited public charging infrastructure in rural areas, longer refueling time (30 min DC fast charge vs 5 min gas), and higher insurance premiums (10-25% more due to repair costs). Resale values are improving but still less predictable.

Home charging availability (essential for EV cost savings), daily mileage (high daily mileage amplifies fuel savings), planned ownership period (longer = EV wins), available federal and state EV incentives (up to $7,500 federal credit plus state rebates), and typical journey type.

The average EV driver saves $800 to $1,200 per year on fuel compared to a gas vehicle according to DOE data. At the national average electricity rate of $0.16 per kWh, an EV costs about $0.04 per mile to charge at home versus $0.12 to $0.16 per mile for gasoline. Savings increase further in states with lower electricity rates.

Monthly lease payments are lower, but you never own the vehicle.

The average US car costs $8,000-$12,000 per year to own, including fuel ($1,500-$2,500), insurance ($1,200-$2,000), maintenance ($500-$1,000), registration and fees ($150-$500), state inspection ($20-$50), and depreciation ($3,000-$5,000).

Average fleet running cost is $8,000-$14,000 per vehicle per year for vans, including fuel, insurance, maintenance, registration, and depreciation.

10 criteria: mileage stated, service history, inspection status, number of owners, condition description, price justification, photos, clean title/Carfax status, test drive offered, and contact details.

A good auto loan APR in the US is 4-6% for new cars and 6-9% for used cars.