Is it cheaper to refuel your EV battery or gas tank? We did the math in all 50 states.
I’ve heard this claim pop up everywhere from Massachusetts to Fox News over the past two years. My neighbor even refuses to plug in his hybrid Toyota RAV4 Prime over what he calls ruinous electricity rates.
The basic argument is that electricity prices are so high it has erased the advantage of recharging over refilling. This cuts to the heart of why many people buy EVs, according to the Pew Research Center: 70 percent of potential EV buyers report “saving money on gas” as among their top reasons.
So how much does it really cost...