{"id":285941,"date":"2023-11-01T13:54:04","date_gmt":"2023-11-01T12:54:04","guid":{"rendered":"https:\/\/climatescience.press\/?p=285941"},"modified":"2023-11-01T13:54:08","modified_gmt":"2023-11-01T12:54:08","slug":"study-cost-of-fueling-an-electric-vehicle-is-equivalent-to-17-33-per-gallon","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=285941","title":{"rendered":"Study: Cost of \u2018fueling\u2019 an electric vehicle is equivalent to $17.33 per gallon"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

The complete costs of “fueling” an electric vehicle for 10 years are $17.33 per equivalent gallon of gasoline, a new\u00a0analysis<\/a>\u00a0from the Texas Public Policy Foundation says.<\/em><\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

BY\u00a0KENNETH SCHRUPP<\/a>\u00a0<\/p>\n\n\n\n

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An electric vehicle driver makes use of a charging station in Seattle.\u00a0Photo courtesy of the City of Seattle.<\/figcaption><\/figure>\n\n\n\n

<\/p>\n\n\n\n

The study authors say the $1.21 cost-per-gallon equivalent of charging a car cited by EV advocates excludes\u00a0the real costs born by taxpayers for subsidies, utility ratepayers for energy investments, and non-electric vehicle owners for mandate-and-environmental-credit-driven higher vehicle costs, which they say total $48,698 per EV. Those costs must be included when comparing fueling costs of EVs and traditional gas-powered vehicles, TPPF maintains.<\/p>\n\n\n\n

\u201cThe market would be driving towards hybrids if not for this market manipulation from the federal government. We\u2019d be reducing emissions and improving fuel economy at the same time on a much greater scale,\u201d study author Jason Isaac told The Center Square in an interview. He then cited Toyota estimates that the batteries from one EV can power 90 hybrids and reduce emissions 37 times more than that one EV. <\/p>\n\n\n\n

The study adds up the costs of direct subsidies to buyers of the car and chargers; indirect subsidies in the form of avoided fuel taxes and fees, as well as electric grid generation, transmission, distribution, and overhead costs for utilities; and regulatory mandates that include fuel economy standards, EPA greenhouse gas credits, and zero-emission mandates.\u00a0<\/p>\n\n\n\n

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Image courtesy of the Texas Public Policy CenterTexas Public Policy Center<\/figcaption><\/figure>\n\n\n\n

The study also assumes EVs will be driven for 10 years and 120,000 miles, which the authors claim is a generous estimate. According to J.D. Power, EVs lose<\/a><\/strong> 2.3% of their range each year due to battery degradation, in part driving EVs to lose value faster<\/a><\/strong> than internal combustion cars.<\/p>\n\n\n\n

With Ford losing an estimated $70,000 per EV and subsidies reaching $50,000 per EV, Isaac says the real cost of a vehicle such as a Ford Lightning is over $150,000, and those costs are carried by everyone, including non-EV owners and even Americans without cars. <\/p>\n\n\n\n

\u201cThe real cost of a Ford Lightning is closer to $172,00 and no one would buy them at that. I know their sales have tanked. The [electric] Silverado sold 18 electric trucks last quarter,\u201d Isaac said. \u201cBuying a car is more expensive today and people don\u2019t understand why that is. I\u2019m trying to help them understand if they buy a gas or diesel car they\u2019re paying for an electric vehicle for a wealthy EV owner.\u201d\u00a0<\/p>\n\n\n\n

To reach the $17.73 per gallon equivalent figure, the authors created categories for costs borne by EV owners, taxpayers, utility ratepayers, and buyers of electric vehicles. For reference, the cost per gallon equivalent is computed by dividing the number of miles over a car\u2019s ten year lifetime by the average new vehicle’s fuel efficiency of 36 miles per gallon equivalent, and using that number to divide the total cost presented. <\/p>\n\n\n\n

EV owners only pay $1.21 for the cost of residential electricity and $1.38 for charging and metering costs per equivalent gallon, which makes charging still cheaper than gasoline in terms of costs paid by EV owners.<\/p>\n\n\n\n

However, taxpayers pay $2.72 per gallon in federal and state EV buyer tax credits and rebates ($8,984 over a vehicle lifetime), a cost of $0.40 per gallon ($1,318 over a vehicle lifetime) in avoided charging infrastructure costs split between taxpayers and utility ratepayers. Utility ratepayers then pay $3.18 per gallon ($10,515 over a vehicle lifetime) in increased costs to enable the grid to charge electric vehicles at mass scale through increased power generation, transmission and distribution. <\/p>\n\n\n\n

Lastly, buyers of non-electric vehicles face increased vehicle costs equating to $1.48 per gallon equivalent ($4,881 over a vehicle lifetime) due to requirements in many states that manufacturers sell a certain number of often money-losing EVs to continue selling other cars, $1.01 per gallon equivalent ($3,322 over a vehicle lifetime) due to EPA GHG emissions standards, while Corporate Average Fuel Economy Credits add a whopping $5.96 per gallon equivalent ($19,678 over a vehicle lifetime).\u00a0<\/p>\n\n\n\n

Read the full story at\u00a0The Center Square<\/a><\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

The complete costs of “fueling” an electric vehicle for 10 years are $17.33 per equivalent gallon of gasoline, a new\u00a0analysis\u00a0from the Texas Public Policy Foundation says. BY\u00a0KENNETH SCHRUPP\u00a0 The study authors say the $1.21 cost-per-gallon equivalent of charging a car cited by EV advocates excludes\u00a0the real costs born by taxpayers for subsidies, utility ratepayers for […]<\/p>\n","protected":false},"author":121246920,"featured_media":286000,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"The complete costs of \"fueling\" an electric vehicle for 10 years are $17.33 per equivalent gallon of gasoline, a new\u00a0analysis\u00a0from the Texas Public Policy Foundation says.","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691824154,691818076,691821977,691818154,691823653,691818299,691824155],"class_list":{"0":"post-285941","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-17-33-per-gallon","9":"tag-co2","10":"tag-electric-vehicles-evs","11":"tag-net-zero","12":"tag-range","13":"tag-subsidies","14":"tag-vehicle-costs","16":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0westernstandard_2023-10_20d7ac8b-57aa-44df-b263-e71c88e0733a_IMG_1881-1.webp?fit=768%2C432&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1cnX","jetpack-related-posts":[{"id":285954,"url":"https:\/\/climatescience.press\/?p=285954","url_meta":{"origin":285941,"position":0},"title":"Electric Vehicles: Unveiling the Hidden Costs","author":"uwe.roland.gross","date":"01\/11\/2023","format":false,"excerpt":"It doesn\u2019t include road maintenance \u2014 EVs tend to be heavier and cause more damage to pavement than conventional cars and trucks \u2014 because they avoid fuel taxes and surcharges that would otherwise go into preserving the road network. 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