(PatriotHQ) New Study Confirms: Electric Cars Cost More To Run Than Gas Powered Cars! In other words, gasoline powered cars will save money while electric cars will burn dollars faster!
By the end of 2022, it will cost more to run an electric car than a gas-powered one, says the well-known and respected consulting group Anderson Economic Group (AEG).
Research shows by the end of 2022, internal combustion engine cars will be cheaper than electric cars because electricity prices will have gone up and gas prices will have stayed the same.
Begs the question. Why is the Global Climate alarmist pushing for the elimination of gas powered cars no matter what the cost? Their answer is something to the order of Saving the Planet is going to be expensive (except for the few)
The city of New York needs 50,000 EV chargers to get rid of gas-powered cars.
A consulting firm says for the first time in more than a year, people who drive traditional gas-powered cars saved more money at the pump than those who drove electric cars.
As gas prices went down at the end of 2018, analysts with the Anderson Economic Group (AEG) said the cost of fuel for most Internal Combustion Engine (ICE) vehicles was cheaper in the fourth quarter of 2022 than charging an electric vehicle (EV).
In October, November, and December 2022, it cost more than $2 less to drive 100 miles in a gas-powered car. The price of electricity went up last year, making mid-priced ICE cars cheaper to run than EV cars for the first time in 18 months.
AEG’s cost analysis looked at the cost of gas, diesel, and electricity, as well as road taxes and fees, the cost of running a pump or EV charger, and the cost of driving to a fueling station. Costs were figured out for cars drive 12,000 miles a year.
The number of Americans who are having trouble making their car payments is at its highest level since the Great Recession.
The study found a typical driver of a mid-priced gas car in Q4 2022 paid about $11.29 to fill up their car with gas for 100 miles was about 31 cents less than what a driver of a mid-priced electric car paid to charge their car at home, and it was more than $3 less than what a similar driver pays at a gas station.
Experts said unless you drove an expensive luxury electric car, you were losing money by charging your car instead of buying gas.
“During most of 2021 and 2022, the rise in gas prices made EVs look like a good deal,” said Patrick Anderson of AEG. “Because electric prices went up and gas prices went down in the last quarter of 2022, drivers of traditional ICE vehicles saved a little bit of money.”
So the big question is: Why is there such a push for more expensive, less efficient and pricier mode of transportation?
The answer is: The sky is falling always comes with a hefty price tag and someone is going to make a hefty profit!