Interactive Map for Electric Cars vs Gas Cars Cost in US States
Electric vs gas cars: cost of ownership over time
After 10 years, the ownership costs for the vehicles we analyzed are as follows:
It's an interactive chart so please click the link🔗 for better understanding.
Key statistics
The average annual cost to run an electric vehicle in the USA is $4,856, compared to $4,107 for a gas car, including insurance, taxes, gas, charging and maintenance.
When factoring in purchase cost, the average cost of an EV is $11,746 each year assuming a purchase period of six years; for a gas car the average purchase cost is $8,281 per year.
After 11 years of ownership, the Tesla Model Y EV becomes cheaper to own than a gas-powered Honda Civic ($91,820 for Tesla Model Y vs $92,373 for Honda Civic).
In previous years, electric vehicles were cheaper to run in every state, however, the average insurance for an EV has increased by 58.1% from 2021 to 2023, while insurance for gas cars has only increased by 1.2% in this period.
New Hampshire is the most affordable state to run an electric vehicle at an average of $3,372 each year, while California is the most expensive state to run an electric vehicle at $6,568 annually.
New Hampshire is also the cheapest state to run a gas car at $3,153 on average each year, whereas Michigan is the most expensive state to run a gas car at an average of $5,024 per year.
California has the highest adoption of EV in the U.S., but is the 7th highest state for the cost of EV.
So, we can clearly see that the advertising of electric cars as cheaper option is is just another white lie and part of the bigger Global Warming Propoganda. It's clear from above research that EVs are heavier on your pocket, I'll later come up with another myth buster — how EVs are also heavier on environment in comparison to traditional vehicles. Till then you can enjoy this meme which I got on one of my post from yesterday.
