Electric Cars vs. Gas Cars: Everything You Need to Know

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Electric cars vs. gas cars: Everything you need to know:

, including up to $7500 that can be claimed on your federal tax return, may also help you save on your purchase. There are also state and local incentives.The most obvious difference between electric vehicles and gas-powered or internal-combustion-engine vehicles is that EVs require electricity, and gas cars run on gasoline.

in August 2022. If a standard gasoline car holds about 14 gallons on average, that means it costs just under $60 to fill up. Fuel-efficient vehicles travel more miles per gallon, meaning they need to be filled up less often and cost you less per mile. Regardless of these differences, electric cars are often cheaper to run than gasoline cars because of their better energy efficiency. The EPA estimates that the electric Kia EV6, for instance, would cost $550 to fuel over the course of a year, while the gas-powered Kia K5 would cost $1950 to fuel. This estimate is based on driving 15,000 miles per year and current fuel and electricity prices, and assumes. If you plan to do a lot of public fast charging, that cost will rise.

 

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