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Study Calculates EVs Have Higher ‘Real World Refueling Cost’ Than Gas Vehicles

But read the fine print, as the study makes some assumptions and some scary claims about electric cars.

  • If you’ve been paying attention to the development of electric vehicles long enough, you know that there are endless factors when calculating just how clean or dirty or cheap or expensive they are.
  • To give buyers an estimate, the Anderson Economic Group has put out a paper trying to figure out the real-world cost, in time and money, of making the switch from gas to electric.
  • We took a closer look at their conclusions and the methods they used to arrive at them.

The latest “Electric vehicles are scary!” study is out, and this one is a doozy. A new paper from the economic consulting firm Anderson Economic Group (AEG) does some novel things as it tries to comprehend the full spectrum of costs associated with making the shift away from a gas-powered vehicle to an EV.

For example, based on gas prices in Michigan, where AEG is based, the study says the “direct monetary cost to drive 100 miles in an internal-combustion (ICE) vehicle is between $8 and $12, and in an EV is between $12 and $15.” That sounds alarming, and the results show that in all of their three scenarios, it costs more to refuel using electricity than gasoline.

But take a closer look at Table 2, and you’ll see that three types of gas-powered cars are listed: entry, mid-priced, and luxury. For the EVs, there are also three columns, but they include one mid-priced and two luxury EVs (one that’s “mostly” charged at home, and one that’s more often charged at a public charger).

aeg study on ev costs

ANDERSON ECONOMIC GROUP

More important is noting that the study assumes odd habits for an EV driver who “mostly” recharges at home. How odd? The study assumes that it takes a whopping 5 minutes to plug and unplug an EV using an installed home charger. This feels way too long, but if we accept their time and use their assumption of 25 charges a month, we can see how they calculate that charging at home eats up 2.1 hours of time a month. But the paper doesn’t use that time figure for the home charging example. Instead, it also assumes people with home chargers actually conduct 40 percent of their charges at a public, commercial station. This, then, allows the study to claim that they spend 4.5 hours a month charging their car.

At-Home vs. Away-from-Home Charging

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5 thoughts on “Study Calculates EVs Have Higher ‘Real World Refueling Cost’ Than Gas Vehicles”

  1. They are so great that they now tell you to not park them in your garage or any building because they could catch on fire when charging! They can also catch on fire during a heavy rainstorm or flooding. Lithium and water do not mix! Also forget about taking any long road trip because you could be stuck for hours at a charging station or wait in line for hours to use one. I don’t believe we have the infrastructure to handle this. Takes a lot of electricity to charge one, so if you should decide to get one, look for an extremely high electric bill each month. I think all it is good for is electric bicycles and lawn equipment and that is it.

  2. Whats funny with the push for EV is that the electric HAS to come from somewhere…..and where is that? As an increased draw on power stations!!! That’s right we shift the carbon footprint from the public to private businesses that have to pay for Carbon Credits.

    As for personal observations, how about the EV owners who charge their EV’s while at work…..how is that not theft from the business? I’m not talking about the business who place charging stations, I’m talking about the ones who have an extension cord ran from the building to the car.

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