New study reveals the true financial impact of switching from a gas to EV car

A new report comparing EV vs gas car ownership shows that drivers can save thousands when making the switch to electric.

The research breaks down real-world ownership costs when factoring in electric car cost, long-term EV savings, and rising gas car expenses.

It reveals that in the majority of scenarios studied, EVs came out ahead.

These findings challenge common assumptions about the affordability of going electric.

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The EV vs gas car analysis was conducted by New AutoMotive and published by Electric Vehicles UK.

Researchers analyzed 480 ownership models, each factoring in elements like purchase price, depreciation, insurance, service costs, and energy use.

The findings showed that electric vehicles were cheaper to own in more than 80 percent of cases.

On average, drivers saved nearly USD $8,000 (£5,850) by choosing electric over gas.

When looking at EV vs gas car costs over time, many assumptions fall apart.

While some still think the electric car cost is too high, the long-term math tells a different story.

Electric vehicles require less maintenance, have fewer moving parts, and rely on cheaper energy.

These benefits combine to deliver meaningful EV savings that continue to grow year after year.

The report emphasized how home charging affects the EV vs gas car equation.

Drivers who charge at home see much lower operating costs than those using public stations or gas pumps.

In many cases, home-charging EV owners outperformed even the best-case gas car scenarios.

Even for those using public chargers, electric ownership remained competitive thanks to lower service and repair needs.

A key recommendation from the report was to lower public charging rates to further shift the EV vs gas car balance.

By reducing the cost barrier for those without home chargers, governments can increase adoption and make EV savings more widely available.

Without intervention, gas car expenses may continue to hold back drivers who want to make the switch but rely on public infrastructure.

The EV vs gas car debate often includes environmental considerations as well.

EVs emit no tailpipe pollution and generate fewer lifecycle emissions than gasoline cars.

As battery tech advances and grid energy gets cleaner, this gap will continue to widen.

This strengthens the case for going electric from both a financial and ecological perspective.

Looking ahead, the EV vs gas car question will only become more relevant.

As battery prices drop and manufacturing scales up, electric car cost will decrease further.

That means EV savings will rise and gas car expenses will remain high.

For anyone comparing their next vehicle, the EV vs gas car choice is no longer a niche issue, it’s the defining question of the modern automotive market.

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