Electric cars vs gas cars: Is charging cheaper than gas? [2023 update]

Last updated on May 19, 2023

The cost to charge an electric vehicle (EV) varies depending on several factors such as where you charge, the type of charging station, electricity rates, and the time of day. Whether you're using a home charger, a public Level 2 station, or a fast DC charger, the price can fluctuate significantly based on location and energy demand.

Still, in 2023, charging an EV is almost always more affordable than filling up with gasoline.

Gas vs Electric Cars

As you can see, even in regions with higher electricity costs, EVs still offer significant savings compared to traditional gasoline vehicles. Plus, many governments are offering incentives, tax credits, and rebates to encourage the switch to electric. With the right charging strategy—like using off-peak hours or home charging—you can further reduce your costs. If you're considering going electric, it's worth calculating your potential savings based on your driving habits and local energy prices. The long-term benefits of owning an EV go beyond just fuel costs—they include lower maintenance, environmental impact, and a smoother driving experience overall.