Electric vehicles are more expensive to fuel than gas-powered cars at end of 2022: consulting firm. For those that fell for the lies earthfirsters were telling everybody, you’re fixin’ to get a lesson on the reality of economics. Any product is only as cheap as its component parts allow it to be. What’s that mean? When gas was pushing $6.00 a gallon, EV fanatics flooded the media with magical stories about how cheap it was to recharge an EV compared to filling up a fossil fuel vehicle at a gas station. Well, that was then. This is now. The average cost of a gallon of gas today has gone down to $3.49. The cost of electricity has gone up everywhere. And that, boys and girls, has reversed what the tree-huggers were saying about the cheapness of EVs. In the 4th quarter of 2022, driving a gas-powered car 100 miles cost 31¢ less than charging an EV at home and $3 less than charging it at a public location to go the same 100 miles. Those that ignore history are doomed to repeat it, just like those that ignore mathematics are bound to be wrong sooner or later.
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