Episode 61: The Real Cost of Electric Vehicles vs Gas Cars

Are electric vehicles really more expensive than gas cars? In this episode of our EV vs Internal Combustion series, we break down the real economics behind electric vehicles — including upfront price, depreciation, fuel costs, maintenance, and total cost of ownership. For years the narrative has been that EVs cost significantly more than traditional gasoline vehicles. But battery costs have fallen dramatically over the past decade, manufacturing has scaled, and EV pricing has moved closer to parity with comparable gas vehicles.  In this episode we examine: • EV vs gas vehicle purchase prices • Used EV market opportunities • EV battery health and depreciation trends • Cost per mile for charging vs gasoline • EV maintenance vs internal combustion engines • Total cost of ownership over time We also discuss why electricity pricing tends to be more stable than gasoline prices and why most EV owners charge at home, reducing daily operating costs compared to gas vehicles. Electric vehicles aren’t cheaper in every scenario, but the idea that EVs are universally more expensive no longer reflects the modern auto market. This episode is part of a five-part series exploring EVs vs internal combustion vehicles, covering pricing, range, charging infrastructure, policy, and the global EV race. Subscribe to follow the full series as we examine the future of transportation and the evolving economics of electric vehicles.