Electric Cars Vs Gas Cars: Comparing Costs
Which city’s residents are really saving by driving electric?
It’s more than likely that within this century we will see the complete switch over to all electric vehicles throughout the world and the internal combustion engine will be relegated to the museum.
Electric vehicles have a host of benefits including being good for the environment by reducing emissions, reported cheaper running costs, and being more convenient allowing you to use a plug in charger and charge your car at home.
But for those early adopters commuting in all electric vehicles today how much are they actually saving? Which cities are the best for saving money in electric vehicles and which are the best for regular gas vehicles?
To answer these questions we analyzed the average commute length as well as gas and electricity prices in each major city in America and used these to generate the annual commute costs for electric and gas vehicles using an electric vehicle using 34kWh per 100 miles and a regular gas car obtaining 30mpg.
Using our interactive map below you can see just how much you could save by switching to electric cars in your city.
When it comes to cities with the most savings to be found from switching to electric vehicles from gas vehicles for commutes, Seattle leads the way with yearly savings of $212.87. Motor city even makes the top ten list with annual savings of $174.22.
Interestingly New York is the city where you can expect to save the least amount of money on your commute if using an electric vehicle with a meager $55 dollars saved per year compared to a regular gas car. New Orleans, Milwaukee, Buffalo, and Grand Rapids also make the list with lower than average savings.
Looking at cities with the cheapest annual electric vehicle cost, New Orleans spends the least with an annual cost of $54.03 compared to a total of $137.28 for a regular gas car. Salt Lake City, Louisville , Seattle, and Cincinnati also make the list due mainly to cheaper electricity rates.
With New York having the lowest cost savings for an electric vehicle commute it may be of no surprised that it also is the most expensive city to commute annually in an electric vehicle with a total yearly cost of $157.16. Atlanta comes in a close second with a total yearly cost of $131.76 however unlike New York, Atlanta sees over a 50% yearly saving using an electric vehicle over a regular gas vehicle.
Residents of Seattle seem to have the cheapest electricity bills paying only $0.08 per kWh so it makes sense that they save the most when it comes to their electric vehicle commute. Oklahoma has the cheapest gas prices with a gallon costing only $2.53.
New York has the most expensive rates for electricity across America with a cost of $0.23 per kWh, this directly impacts New Yorkers ability to save with electric vehicles which explains their low saving amounts over regular gas vehicles. San Francisco has the most expensive gas per gallon cost in the country with a gallon of gas costing $3.85. San Francisco also has one of the highest cost per kWh with $0.15 making commutes expensive regardless of what type of vehicle you chose.
So there you have it, if you’re in New York you’re not going to save that much money and to be honest, you’re probably better off taking the subway anyway. For those of you in Seattle you should really consider ditching that gas guzzler and commuting in an electric vehicle, after all it’s kinder to the environment and you’ll save money to boot!