EVs are the most expensive vehicles to operate over 1,000 miles, according to iSeeCars
Worries about range and charging, along with a higher purchase price likely played a role
CHRIS TEAGUE
May 2nd 2024 at 3:05PM
It’s no secret that charging an electric vehicle is often less expensive than fueling a gas car, but many don’t think about the higher purchase prices. A recent iSeeCars study showed that people tend to drive EVs much less, making their cost per mile much higher than that of internal combustion vehicles.
iSeeCars’ research looked at the costs to operate various fuel types between November 2022 and April 2023, finding that EV owners not only drove far fewer miles than gas owners, but their average costs to operate those vehicles over 1,000 miles were much higher. People drove EVs an average of 10,256 miles during that period, seeing costs of $5,108 per 1,000 miles. In contrast, owners drove gas vehicles 12,813 miles, averaging $3,123 over the same distance. The costs per 1,000 miles for other fuel types in the study include:
Hybrids: $3,056
Gas Cars: $3,123
Plug-In Hybrids: $4,351
EVs: $5,108
EV owners may worry about range and spotty charging infrastructure, which could contribute to the smaller number of miles driven. The higher purchase price of each vehicle is spread over fewer miles, making them significantly more expensive to drive. iSeeCars’ study found an average EV price of $52,387, compared to the $40,009 gas buyers paid.
https://www.autoblog.com/article/evs-are-the-most-expensive-vehicles-to-operate-over-1000-miles-according-to-iseecars/
