Feb. 28, 2022—Electric vehicles have greatly reduced their costs per mile of range in the last decade, but they are still above that of a gasoline-powered vehicle.
An analysis shared by Business Insider says that the median EV costs $214 per mile of range, while an internal combustion engine vehicle costs $104. The EV cost has come down from $554 in 2012.
The story also shared a calculator from the U.S. Department of Energy for comparing the cost of commute for your vehicles, based on driving habits.
