Consulting firm Anderson Economic Group found that rising electricity costs and the dropping of gas prices in the final quarter of 2022 created comparatively greater savings for those who drove internal combustion engine vehicles.“Typical mid-priced ICE car drivers paid about $11.29 to fuel their vehicles for 100 miles of driving,” the study noted. “That cost was around $0.
The AEG study said the shift in costs gave gas-powered drivers a leg up on savings for the first time in 18 months.“The run-up in gas prices made EVs look like a bargain during much of 2021 and 2022,” AEG founder Patrick Anderson said. “With electric prices going up and gas prices declining, drivers of traditional ICE vehicles saved a little bit of money in the last quarter of 2022.”
Imagine the surprise. Now if only government could interfere more with demand and supply we would all be skipping through the meadows in the new utopia created. Sarcasm.
Very biased study
$429 in fuel for all of 2022. $3500 less than gas. 🤷♂️
The only EV cost advantage is in routine maintenance.
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