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"They are a wonderful driving experience. But at the same time, they're an enormous burden in time and in energy in finding chargers and getting them charged," Anderson said. "And you’re not really saving much in terms of charging costs ... you may be paying more.”
Costs to drive an EV compared with a gasoline car are detailed in a report Anderson Economic released Thursday called "Comparison: Real World Cost of Fueling EVs and ICE Vehicles."
The study has four major findings:
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There are four additional costs to powering EVs beyond electricity: cost of a home charger, commercial charging, the EV tax and "deadhead" miles.
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For now, EVs cost more to power than gasoline costs to fuel an internal combustion car that gets reasonable gas mileage.
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Charging costs vary more widely than gasoline prices.
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There are significant time costs to finding reliable public chargers — even then a charger could take 30 minutes to go from 20% to an 80% charge. //
A mid-priced internal combustion car that gets 33 miles per gallon would cost $8.58 in overall costs to drive 100 miles at $2.81 a gallon, the study found. But a mid-priced EV, such as Chevrolet Bolt, Nissan Leaf or a Tesla Model 3, would cost $12.95 to drive 100 miles in terms of costs that include recharging the vehicle using mostly a commercial charger. //
“That’s apples to apples and includes the extra EV taxes, the commercial charging and the home charging and the allowance of driving to a gas station, which, for most Americans, is very short compared to driving to a commercial charger for an EV owner," Anderson said. //
The study differs from some reports that show it's cheaper to drive an EV than a conventional car. For example, a 2018 study from the University of Michigan's Transportation Research Institute found the average cost to operate an EV in the U.S. was $485 per year compared with a gasoline-powered vehicle at $1,117. Anderson said most studies include only the cost of residential electricity and don't factor in the four other costs that this study does.