“Electric cars don’t run on air,” the reader noted. Gasoline: The Initial Costs. Thankfully, that statement will not be true into the future. Electric vs. Electric cars have decreased in price considerably over the last 10 to 15 years. Electric vehicles have fewer moving parts than those powered by gas, which means that in the end, you’ll save on taking care of your car. Electric vehicle sales are closely followed by auto industry analysts who are trying to predict when they will surpass internal combustion engine sales. Electric cars cost less than gas vehicles. Should it originate from wind and solar, it would cost three-to-eight times more: a … These days, picking a car takes more than just choosing between body styles. Maintenance costs for electric vehicles were always cheaper, and gas-powered cars were always more expensive. Electric Cars vs. Gas Vehicles: What You Need To Know. 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 … Fuel isn’t the only aspect that you should think about when it comes to electric car savings vs. gas. Want a hybrid or an electric vehicle to help save on gas—and maybe save the planet? ICEs run on gasoline is burned internally to power the car, while EVs run on electricity. When Denmark got rid of its tax credits for electric vehicles, Tesla's sales dropped by 94 percent. The vast majority of American cars run on gasoline. Update: I’ve changed the images below to only show the first 8 years of ownership, since the warranties for batteries tend to end at 8 years, and we have no good idea of what an EV battery will cost in 8 years, nor for how long the batteries will actually last. Electricity cost would also be higher if some 95 percent of U.S. electricity were not generated by the cheapest methods – burning fossil fuels, hydro, and nuclear reaction. Electric-vehicle drivers can save over $10,000 on car ownership costs compared with gas cars over five years, according to NerdWallet’s analysis. When considering overall costs of driving an electric car versus a hybrid or standard gasoline car, electric cars are a very good investment financially in the long run. Electric Cars Vs Gas Cars: Comparing Costs Which city’s residents are really saving by driving electric? There are more fundamental differences between gas and electric cars that may not be so obvious. Electric vehicles are already pretty affordable. The switch to electric transport is a slow burn currently, but it is gathering pace and electric vehicles are set to make up more than half of passenger car sales … The U.S. Has 1 Million Electric Vehicles, but Does It Matter? The vast majority of American cars run on gasoline. In terms of their initial cost, electric vehicles may be more expensive than their gas-powered counterparts. Though there are other costs to be considered. Vehicles produce about half of the greenhouse gases from a typical U.S. household. Yes, EVs are more expensive than gas cars. Fuel costs for electric cars vs. gas-powered cars. As the cost of electric cars becomes the same as or less than existing vehicles the choice to ‘go electric’ will be obvious. ... for carbon dioxide emissions from cars and to impose a quota for clean vehicles of 35 ... preference for gas-powered vehicles … How much will it cost to drive an electric car for a year? Comparing Electric Cars To Gas Cars. Electric cars may be technologically advanced, but their innards are actually a lot simpler than cars with combustion engines. ← Back to all posts. Ford does not make natural gas cars, but some of its cars can be retrofitted into natural gas machines for around $10,000, said Gerry Koss, fleet marketing manager at … This article will address typical costs associated with electric, gasoline, as well as hybrid vehicles. Statewide sales of new hybrid cars, which run mainly on gasoline with an electric battery boost and don’t need to be plugged in, rose 22.1% in the first half, to 48,861 vehicles. Here are some specs on 2018 EVs from car ratings and review site Edmunds.com . Electric vehicles offer an advantage in terms of maintenance costs compared with gas-powered vehicles. In Hong Kong, the company saw a decline of 95 percent as the city got rid of comparable tax advantages for those buying electric cars. by Zach December 7, 2012 22 comments. Cost. Compare electric cars side-by-side. With gas prices seemingly always in flux, should you stick with long-range gas-powered cars, is it time to go electric, or should you settle for a hybrid instead? Yes, EVs are more expensive than gas cars. Electric Cars vs. Gas-Powered Vehicles: By the Numbers Wondering how specific models of gas-powered vehicles stack up against electric ones? Hybrid Car Pricing. Gasoline vs. “How much does it cost to travel a mile highway and city? I’ve never seen a figure to allow comparison with gas.” “Should electric cars become ubiquitous, electricity will be taxed to yield that revenue. Comparing Electric Cars To Gas Cars by Zach December 7, 2012 22 comments Update: I’ve changed the images below to only show the first 8 years of ownership, since the warranties for batteries tend to end at 8 years, and we have no good idea of what an EV battery will cost in 8 years, nor for how long the batteries will actually last.