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Are Electric Vehicles Really More Expensive To Drive Than Gas?

04 Aug 2023 | Abstracted from Investopedia

"Some electric car owners are now experiencing higher costs to power their vehicles than to fill up their gas-powered equivalents - if you calculate the costs a certain way.

"The Anderson study also factors in a dollar cost of the “time burden” of charging EVs based on charging times and typical hourly wages...Anderson’s study is also a snapshot of a time when electricity prices are soaring, and gasoline has fallen from a recent peak..."



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