Driving 100 Miles in an EV Is Now More Expensive Than in an ICE

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59. From the AEG link in the article:

Gas-Powered Cars Cheaper to Fuel Than Electric in Late 2022

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Approach

Anderson Economic Group calculates all four categories of costs for fueling EVs and ICE vehicles
across benchmarks representing real-world U.S. driving conditions, including:

1. The cost of underlying energy (gas, diesel, electric)
2. State excise taxes charged for road maintenance
3. The cost to operate a pump or charger
4. The cost to drive to a fueling station (deadhead miles)

All use cases reflect 12,000 miles/year, with the cost of residential charging equipment amortized
over five years. Calculations are based on energy prices and taxes in the state of Michigan. Benchmarks
for ICE vehicle drivers assume the use of commercial gas stations. For EV drivers, we consider both
drivers who routinely charge at home and those who rely primarily on commercial chargers.

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