The real cost of owning an electric car:
Five model years later, the Bolt EV's base price has dropped to $32,495, while the Trax now comes in at $22,595. In less than a dozen model years, the delta between these two models has fallen from $15,600 to $9900. And that delta is due to get even closer for, with the Bolt EV's base price falling to $26,595.
At that price, fully charging a new Bolt EV's 66.0-kWh battery pack would cost approximately $9.90. Admittedly,are likely to raise this sum a small amount. Even so, netting 259 miles of EPA-rated driving range for less than two Hamiltons seems like a reasonable sum given it'd take $42 to fill a Trax's 14.0-gallon tank at $3.00 per gallon. This figure rises to $56 at $4.00 per gallon.
That said, EV drivers who rely primarily on pricier pay-per-use public fast chargers may see little or no difference in the amount they spend on charging relative to the cost of filling up a given gas-powered car at a fuel pump. That's because the cost of energy from a fast charger is roughly three to four times more expensive than what you pay at home.
How much an EV costs is dependent on numerous factors. Nevertheless, the price of electric cars continues to come closer and closer to parity with their gas kin. Factor in the potential savings that come with charging at home, and it's safe to say electric cars no longer carry the significant cost difference over gas-powered cars they once did
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