Joe Capitalist
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https://insideevs.com/features/557987/ev-versus-gas-price-comparison/
Charging an electric car will likely cost significantly less than filling up an ICE car with gasoline or diesel.
But, how much can you save, and why is it cheaper to run on electrons than liquid fuel?
Overall Efficiency
Unlike internal combustion cars, electric cars have the upper hand because they use far less energy. According to the Department of Energy (DOE), a typical gasoline car would have an efficiency (energy to the wheels) of less than 25%. This means that the other 75% of energy would be lost as heat or used in other internal combustion engine systems. Disregarding the benefits of regenerative braking, electric cars have an efficiency of over 65%. The other 35% is energy lost in charging and drive system losses (battery system cooling and heat).
Regenerative Braking
In traditional non-hybrid cars, deceleration is primarily done with their friction brakes. This means that lots of kinetic energy is simply wasted as heat. In hybrids and EVs, most braking is done through capturing kinetic energy and transferring it as electrical energy back into the battery pack. With this braking method, electric cars can recuperate energy back into the battery rather than wasting the energy as heat into the surroundings. According to the DOE, a typical EV's total efficiency (factoring in regen) is around 90% in the combined cycle.
Conclusion
Each year, an electric car like the Leaf could save you $822 in fueling costs over a typical gasoline-powered sedan. In four years of ownership, this value could jump to $3,288, and in eight, you could save $6,576. With rising gasoline prices and an increased emphasis on electric vehicle incentives, now's the time to make the switch!
Charging an electric car will likely cost significantly less than filling up an ICE car with gasoline or diesel.
But, how much can you save, and why is it cheaper to run on electrons than liquid fuel?
Overall Efficiency
Unlike internal combustion cars, electric cars have the upper hand because they use far less energy. According to the Department of Energy (DOE), a typical gasoline car would have an efficiency (energy to the wheels) of less than 25%. This means that the other 75% of energy would be lost as heat or used in other internal combustion engine systems. Disregarding the benefits of regenerative braking, electric cars have an efficiency of over 65%. The other 35% is energy lost in charging and drive system losses (battery system cooling and heat).
Regenerative Braking
In traditional non-hybrid cars, deceleration is primarily done with their friction brakes. This means that lots of kinetic energy is simply wasted as heat. In hybrids and EVs, most braking is done through capturing kinetic energy and transferring it as electrical energy back into the battery pack. With this braking method, electric cars can recuperate energy back into the battery rather than wasting the energy as heat into the surroundings. According to the DOE, a typical EV's total efficiency (factoring in regen) is around 90% in the combined cycle.
Conclusion
Each year, an electric car like the Leaf could save you $822 in fueling costs over a typical gasoline-powered sedan. In four years of ownership, this value could jump to $3,288, and in eight, you could save $6,576. With rising gasoline prices and an increased emphasis on electric vehicle incentives, now's the time to make the switch!