Estimates of annual fuel costs for model year 2022 light-duty vehicles show that electric vehicles can save consumers thousands of dollars over gasoline or diesel vehicles.
According to the data released by the Department of Energy (DOE), All EV models had annual fuel costs less than $1,000. The only vehicle types with cost estimates between $1,000 and $2,000 were plug-in hybrid electric and hybrid electric models.
Models with an annual fuel cost estimate of $2,000 to $7,000 were dominated by conventional gasoline models.
The small car category has a wide breadth of fuel costs because it not only includes fuel-efficient small cars, but also luxury sportscars with low fuel economies.
Each dot represents a base model and is an average cost for all certified configurations of that model. Two models in the small car category exceed $7,000 and are not shown.
[source: U.S. Department of Energy and U.S. Environmental Protection Agency, Fuel Economy data ]
Notes: Assumes 15,000 miles of travel each year, with 55% city driving and 45% highway driving, and fuel costs of $4.87/gallon for regular unleaded gasoline, $5.76/gallon for premium, $5.72/gallon for diesel, $3.54 for E85 and $0.13/kWh for electricity. USD = U.S. dollars.