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garrettgrimsley | 2 years ago

There are many complaints about the lack of numbers. I looked up the study [0] and they indicate that they pull their numbers from the U.S. Energy Information Administration and EPA. The methodology is summarized [1] and explained in detail [2] if anyone wants to go through it.

[0] https://www.andersoneconomicgroup.com/many-gas-powered-cars-...

[1] https://www.andersoneconomicgroup.com/second-edition-real-wo...

[2] https://www.andersoneconomicgroup.com/wp-content/uploads/202...

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j_walter|2 years ago

Still not a great study...when you say its "cost to charge" but include incidentals like EV registration fees you might as well look at the total cost of ownership and call it that. Throw oil changes in and other maintenance for ICE vehicles...don't just do it lopsided.

Not to mention they added completely unrelated costs like "time prices" for how long EVs take to charge: Hourly wage at a $70,000 annual salary: The average hourly wage foran individual earning $70,000 annually is about $33. This implies a fueling time cost of around $100 per month for an EV driver, and $30for an ICE drive (page 42 of their report).

garrettgrimsley|2 years ago

I think the main issue here is that the Business Insider article and title are exceptionally bad, and that the study seems to muddle between "cost to charge" and "total cost of ownership" like you said. I only skimmed the study, but the Time Prices did jump out as silly to me too. I would like to see the study repeated but instead focused on Total Cost of Ownership including maintenance and whatnot.