The latest “Electric vehicles are scary!” study is out, and this one is a doozy. A new paper from the economic consulting firm Anderson Economic Group (AEG) does some novel things as it tries to comprehend the full spectrum of costs associated with making the shift away from a gas-powered vehicle to an EV. The trouble is that the authors can’t hide their biases in their quest to tell everyone that gas vehicles can refuel in less time than it takes to charge an EV.
For example, based on gas prices in Michigan, where AEG is based, the study says the “direct monetary cost to drive 100 miles in an internal-combustion (ICE) vehicle is between $8 and $12, and in an EV is between $12 and $15.” That sounds alarming, and the results show that no matter what, it costs more to refuel using electricity than gasoline.
But take a closer look at Table 2, and you’ll see that three types of gas-powered cars are listed: entry, mid-priced, and luxury. For the EVs, there are also three columns, but they include one mid-priced and two luxury EVs (one that’s “mostly” charged at home, and one that’s more often charged at a public charger). In other words, any cost benefit from buying an entry-level EV is missing from this table.
For the full story, check out this article from Car And Driver.