Cost of Gas Compared to Electric Vehicles

Learn about the pros and cons of electric vehicles as well as gas-powered vehicles.

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Electric vs. Gas

How much does an electric vehicle cost?

Electric vehicles usually cost between $30,000 and $40,000, but prices can vary based on make, model, and dealership.

How much does a gas vehicle cost to buy?

A new gas-powered vehicle can cost anywhere from $20,000 to over $50,000, depending on make, model, and more.

What are the benefits of an electric vehicle?

Electric vehicles decrease pollution by releasing less carbon dioxide emissions than gas vehicles. They can be charged at home without need for stops at gas stations during your daily commute or short trips, making them somewhat more convenient than a gas vehicle.

What are the benefits of a gas vehicle?

Being able to stop at a gas station allows you to take longer trips without worrying about range. In addition, gas vehicles do not have to find specific places to get gas.

What are the cons of owning an electric vehicle?

Electric vehicles can’t just be charged at any gas station. Not every station (currently) has charging stations, meaning that you might be limited as to where or how far you can travel in an electric vehicle. Your electric bill will also increase. Additionally, electric vehicles are generally smaller than some gas vehicles, meaning your towing and storage capacity are limited.

What are the cons of owning a gas vehicle?

Gas vehicles contribute to pollution by releasing carbon dioxide and other greenhouse gases into the atmosphere. In fact, the Guardian reports, “Across the world, passenger road vehicles and household heating generate about a quarter of all emissions from the burning of fossil fuels.”

You cannot regularly refill your car with gas at home, so you must visit a gas station regularly.

Which is better?

Depending on what your needs are, one may be better than the other, but for most, it is a personal preference. Although electric vehicles are becoming more popular, they still are not extremely popular, and charging stations are few and far between.

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