ICCT: EVs Are 33% Cheaper than Gasoline-Powered Cars
7 Articles
7 Articles
EVs are now 33% cheaper to run than gas cars in Europe
New research shows that electric vehicles (EVs) now cost one third less to run than gas cars in the European Union. Fuel prices have been volatile since the US began hostilities in Iran earlier this year. Those actions precipitated the closing of the crucial Strait of Hormuz, through which around 20% of the world’s total ...
Electric vehicle costs have fallen significantly compared to gasoline vehicles, according to the ICCT report. The decrease in battery prices and stable charging costs make electric vehicles advantageous in terms of usage and purchase.
The cost-effectiveness advantage of electric vehicles has become apparent. According to ICCT research covering European Union countries, the energy cost per kilometer for electric vehicles will be, on average, 33 percent lower than for gasoline cars in 2025. Even for electric vehicles charged only at public stations, a 28 percent advantage was calculated.
The International Council on Clean Transportation (ICCT) has published a new "EV Transition Check" report, which shows that electric cars were 33 percent cheaper than gasoline cars in operation in 2025. It was calculated on the basis of battery-powered e-cars charged with a mixture of private and public charging stations. Electric trucks are also approaching the cost-equilibrium with diesel trucks at EU level. This is due, among other things, to…
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