{"id":51038,"date":"2023-08-21T07:12:01","date_gmt":"2023-08-21T11:12:01","guid":{"rendered":"https:\/\/ifintechworld.com\/news\/is-gas-cheaper-than-electricity-to-fuel-a-car-two-studies-have-conflicting-answers\/"},"modified":"2023-08-21T07:12:04","modified_gmt":"2023-08-21T11:12:04","slug":"is-gas-cheaper-than-electricity-to-fuel-a-car-two-studies-have-conflicting-answers","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=51038","title":{"rendered":"Is gas cheaper than electricity to fuel a car? Two studies have conflicting answers."},"content":{"rendered":"

\u201cWith electricity prices trending up and gas prices going down, most traditional gas-powered vehicles cost less to drive than their EV [electric vehicle] counterparts in the first half of 2023.\u201d<\/em><\/p>\n

\u201cEvery EV model in every state is cheaper to fill than a gas-powered vehicle.\u201d<\/em><\/p>\n

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Both conclusions come from academic studies out in early August. Both come from researchers carefully comparing the cost of travel with gasoline or electricity. But the outcomes couldn\u2019t disagree more starkly. What\u2019s going on here?<\/p>\n

The first quote comes from a new study by Anderson Economic Group. AEG calls itself a \u201cboutique consulting firm\u201d that \u201cspecializes in public policy, business valuation, and market and industry analysis.\u201d It has studied the differences in fuel costs since 2021.<\/p>\n

The second comes from Energy Innovation Policy and Technology LLC. That group calls itself \u201ca nonpartisan energy and climate policy think tank,\u201d providing \u201ccustomized research and policy analysis to decision-makers and thought leaders to support policy design that reduces emissions at the speed and scale required for a safe climate future.\u201d Its tool is brand new.<\/p>\n

The disagreement illustrates how challenging it can be for car shoppers to calculate fuel costs now that they have the option of gas-electric hybrid, plug-in hybrid, and electric cars in nearly every market segment.<\/p>\n

As a recent Washington Post analysis shows, \u201cJust calculating the cost of gasoline vs. electricity is misleading. Prices vary by charger (and state). Everyone charges differently. Road taxes, rebates, and battery efficiency all affect the final calculation.\u201d<\/p>\n

Also see:<\/strong> Electric vehicles vs. gas-powered cars: Which one is cheaper to buy and own?<\/p>\n

The gas-is-cheaper argument<\/strong><\/h2>\n

AEG\u2019s study compared the cost of fueling with gasoline, electricity through a home charger, or electricity through more expensive public chargers for several vehicle categories. They found that only owners of luxury cars saved money by going electric, and only if they did most of their charging at home.<\/p>\n

The study looked at four types of costs involved in powering EVs and gas-powered vehicles, including:<\/p>\n