The switch from a gasoline vehicle to an EV usually results in fuel cost savings, although the potential for savings highly differs between the states.
The switch from a gasoline vehicle to an all-electric vehicle usually results in fuel cost savings, although the potential for savings highly differs between the states. We already know that the savings are directly related to consumption—the more fuel a vehicle consumes, the higher the potential for fuel cost savings when switching to an EV.
The primary reasons for that appear to be relatively low electricity prices, relatively high gasoline prices, and a high share of larger vehicles , which also consume a lot of fuel. The average might reach $0.16 per mile or $16,000 over 100,000 miles.
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