Fuel Costs of Electric Vehicles Overtake Gas-Powered Cars:
Study
Allen Zhong
January 29, 2023
**In Q4 2022, typical mid-priced ICE (Internal Combustion
Engine)
car drivers paid about $11.29 to fuel their vehicles for 100 miles
of driving.
That cost was around $0.31 cheaper than the amount paid by
mid-priced EV drivers charging mostly at home, and over $3 less
than the cost borne by comparable EV drivers charging commercially,
Anderson Economic Group (AEG) said in an analysis.
However, luxury EVs still enjoy a cost advantage against their
gas-powered counterparts.
It costs luxury EV owners $12.4 to drive every 100 miles on
average if they charge their cars mostly at home or $15.95 if they
charge their cars mostly at commercial charger stations in the 4th
quarter of 2022.
Meanwhile, the fuel costs for luxury (gas guzzler) gas-powered
cars are $19.96 per 100 miles on average.
AEG is a consulting firm based in Michigan that offers research
and consulting in economics, valuation, market analysis, and public
policy, according to the company's website.
The fuel costs in the analysis are based on real-world U.S.
driving conditions including the cost of underlying energy, state
taxes charged for road maintenance, the cost of operating a pump
or charger, and the cost to drive to a fueling station, AEG said.
Insurers List Crashed Low-Mileage Tesla on Auctions: Analysis
Insurance carriers are sending low-mileage Tesla Model Ys to sal-
vage auctions because they are too expensive to repair.
Of more than 120 Model Ys that were totaled after collisions,
then listed at auction in December and early January, the vast
majority had fewer than 10,000 miles on the odometer, according to
a Reuters analysis based on online data from Copart and IAA, the
two largest salvage auction houses in the United States.
Copart and IAA auction listings note whether the vehicles
were involved in front, rear, or side collisions, and typically
include after-crash photos of each vehicle. But the listings do
not disclose specific details on the type of damage suffered.
Copart listings in some cases included the names of insur-
ance companies that had bought back crashed vehicles, then
listed them at auction. Those companies include State Farm,
Geico, Progressive, and Farmers. Geico is part of Warren Buffet
Berkshire Hathaway Inc.
All the Model Ys in the Reuters analysis were 2022 or 2023
models that were built at either the Fremont plant in Northern
California or the Austin, Texas, plant.
Insurance companies typically total a vehicle ”which
means to scrap it and reimburse the owner” when the estimated
cost of repair is deemed too high.
An Austin-built 2022 Model Y Long Range involved in a front
collision and listed by IAA in early January had a retail price
of $61,388 and an estimated repair cost of $50,388. The vehicle
owner was not listed.
A second Austin-built Model Y, involved in a side collision
and listed by IAA, had a retail price of $72,667 and an estimated
repair cost of $43,814.**
The costs mentioned continue to rise and the replacement
parts have skyrocketed.
This past week Ford admitted they had lost $5 billion in
their EV program and expect to lose more. They are depending on
the American taxpayer to bail them out just like the recent
banking crisis that could end with 200 banks closing. Then try
to get your savings or money.
Electric Vehicles are a joke and a waste of valuable assets
from people and the rare minerals from the Earth.
Another admission is that producing the EV also releases
more carbon into the atmosphere than a gas powered vehicle.
We have been conned beyond comprehension by those who keep
pushing the idea of climate change previously called global
warming.
When are the gullible liberal progressive minded going to
do their research and use the facts rather than the corrupt
media to think for them?
We all must pray that the liberal citizens that display
no patriotism, moral ethics, compassion, or love of their
fellow Americans find out how they are being manipulated.
Conservatively,
John
Conservativelyjohn.com 