Seven EV drivers report major fuel savings as US gas prices rise
Updated
Updated · MarketWatch · May 6
Seven EV drivers report major fuel savings as US gas prices rise
7 articles · Updated · MarketWatch · May 6
With the national average at $4.54 a gallon and above $6 in California, drivers said charging often costs far less than filling gas tanks, sometimes saving $170 to $200 monthly.
Used EV sales jumped 54% in March, but the average new EV still costs about $11,000 more than a comparable petrol car after the $7,500 federal tax credit ended last summer.
The gasoline surge has followed the US-Israeli war against Iran since late February, while higher oil prices are also feeding broader inflation that affects EV owners and other Americans.
With gas prices predicted to stay high for years, is now the perfect time to invest in a used electric vehicle?
Will this oil shock finally break America's fossil fuel dependency, or just trade it for a reliance on battery resources?
As drivers flee high gas prices, is America’s power grid prepared for the massive demand from millions of new electric cars?