For the first time in more than a year, owners of conventional gasoline-powered vehicles saved more money than they could Those who drive their electric counterparts.
A study by the consulting firm Anderson Economic Group found that with the bloated conventional fuel prices falling at the end of last year, the cost of fuel for most internal combustion engine (ICE) cars was relatively cheaper in the last quarter of 2022 than charging a similar electric car, according to As it was reported by the “Yahoo Finance” website, and “Al Arabiya.net” reviewed it.
The cost of driving 100 miles in a gasoline-powered car fell by more than $2 in October, November and December 2022.
As electricity prices rose last year, mid-priced conventional cars became more economical than electric cars for the first time in 18 months.
The study tracked the basic energy cost of gasoline, diesel and electric cars, as well as road taxes and fees, and the added costs of internal combustion engine cars and their electric car counterparts, which require chargers or the cost of access to charging stations, which are not yet widespread enough.
The study focused on calculating costs for vehicles that travel 12,000 miles a year.
The study found that in the fourth quarter of 2022, a gasoline-powered car driver paid an average of $11.29 to refuel their car for 100 miles of driving or more than 160 kilometers.
This was about 31 cents cheaper than what a mid-price electric car driver paid to charge their car at home, and more than $3 less than what electric car drivers pay when charging their cars at a gas station.
Experts said that unless you drive an expensive luxury electric car, you lose money charging your car in exchange for paying for the gas.
