It is unknown that charging an electric vehicle is generally less expensive than filling a gas automobile, but many need to pay more attention to the higher initial costs. According to a recent iSeeCars survey, individuals use EVs far less frequently, resulting in a much greater cost per mile than internal combustion vehicles.
iSeeCars’ research examined the costs of operating various fuel types between November 2022 and April 2023 and discovered that EV owners not only drove substantially fewer miles than gas owners, but their average expenditures to operate those vehicles over 1,000 miles were significantly higher. People drove EVs for an average of 10,256 miles, with expenses of $5,108 per 1,000 kilometers. In comparison, owners drove gas vehicles 12,813 miles, averaging $3,123 for the same distance. Other fuel types in the study had the following costs per 1,000 miles:
Hybrids cost $3,056.
Gas cars cost $3,123.
Plug-In Hybrids cost $4,351.
EVs: $5,108
Each vehicle’s more excellent purchase price is spread out over fewer miles, making driving substantially more expensive. According to the iSeeCars research, the average EV costs $52,387, compared to $40,009 for gas customers.
The most costly three-year-old vehicle with over 1,000 kilometers was the Porsche Taycan EV, which cost an average of $138,914 when new. The Porsche Cayenne PHEV came in second, with an average purchase price of $111,985, while the Tesla Model S was third, at $96,394.
