A car that gets 30 MPG will use approximately 33 gallons of gas to drive 1,000 miles. At $3.50 per gallon, that’s a cost of around $115 per month. Compared to the $36 for electric charging, gas refueling can more than triple the cost of keeping your vehicle running.
Key Factors Affecting Electric Vehicle Costs
1. Electricity Rates: The cost of charging an EV depends on the local price per kilowatt-hour. Denver’s electricity prices are relatively low, which helps reduce the cost of charging.
2. Charging Method: Charging an EV at home is typically more affordable than using public charging stations, which can have higher rates, especially fast chargers.
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