How much can EVs cut fuel costs?

How much can EVs cut fuel costs?
Jul 24, 2023

Fueling a vehicle with gasoline is consistently two to three times more expensive than charging an EV.

Despite improvements in fuel efficiency, the fuel cost of a gasoline car is still significantly higher than a comparable EV—in some cases, over 13 cents per mile according to EPA data.

As inflation and foreign oil production volatility impact gas prices nationwide, U.S. federal agencies and other private operators of large fleets are looking to cut costs by making the switch to electric—and simultaneously reduce their carbon footprint.

Check out our latest report for a detailed analysis of the financial and public health benefits of converting the federal fleet to EVs.