11 Jan '18, 4pm

Report: Operating Costs for Gasoline and Electric Cars Vary By State

Report: Operating Costs for Gasoline and Electric Cars Vary By State

A new study out of the University of Michigan’s Sustainable Worldwide Transportation group shows just how cost-effective electric vehicles are, and how fuel efficient an internal combustion engine car needs to be to be the cheaper alternative. The report, authored by Michael Sivak and Brandon Schoettle, break down the cost in each state to run both a BEV and a ICE vehicle for a year based on current energy and fuel prices. Then, they list how fuel efficient an ICE vehicle needs to be in order to have the cost savings advantage. For example, both gasoline and electricity is expensive in Hawaii. Based on the average miles driven per year of everyone in the United States, they determined that it’d cost a driver $1,509 for gasoline in Hawaii and $1,106 in electricity for the same distance. The breakeven point is 34.1 mpg. In this case, a fuel efficient car like the 2018 Honda ...

Full article: http://www.hybridcars.com/report-operating-costs-gasoline...

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