Now That Gas Is More Than $4 a Gallon, How Much Can an EV Save You? - CNET

Our gifting experts are obsessively searching for holiday gifts that are unique, thoughtful and suitable for any budget. Our expert, award-winning staff selects the products we cover and rigorously researches and tests our top picks. If you buy through our links, we may earn a commission. The value of EV charging depends on several factors. We did the math to see how much an average US driver could save. The recent increase in gasoline prices has given EV charging an additional cost advantage. For years, there’s been a reliable cost equation for electric vehicles: You’ll spend a little more up front to purchase the EV compared to a traditional internal-combustion engine automobile, but you’ll recoup that money gradually via the savings from charging your car instead of buying gasoline. But how much does EV charging really save you compared to filling a gas tank? A quick survey of Reddit threads indicates no clear consensus from drivers. In one corner, new EV owners say they’re saving hundreds of dollars a month by charging at home. In the other, skeptics claim that pricey public superchargers and the cost of installing a home charger can quickly erase any supposed savings. The deep