A Strong Electric Vehicle (EV) Case
Apr 15
1 min read
Updated: Aug 23
Electric Power Research Institute (EPRI) | April 15, 2026
Rising Gasoline Prices Make for a Strong Electric Vehicle (EV) Case
Abstract
EV drivers typically have a fuel cost advantage nationwide. Volatile and rising gas prices further strengthen the cost-per-mile advantage of EVs over gasoline vehicles. Fuel prices are a major driver of vehicle ownership costs over time. Gasoline price increases can be subject to geopolitical tensions or other volatility, sparking renewed interest in cost-per-mile comparisons between electric and internal combustion engine vehicles (ICEVs) that are powered by gasoline.
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