10 cities where buying an electric car may not be worth it

Advertisement
10 cities where buying an electric car may not be worth it

new york

turtix/Shutterstock

New York City.

Advertisement
  • In a 2018 study, Crescent Electric Supply Company (CESCO) looked at which US cities would allow drivers to save the most money if they switch over to an electric car.
  • The study analyzed average commute length as well as gas prices and electricity rates in each major city in America.
  • The study found that Seattle offers the highest annual savings for an electric vehicle commute, at $212.87 annually. New York saved commuters the least at just $55.

Electric cars are going to be a major part of our automotive future.

Not only are they better for the environment due to their absence of carbon emissions, but they can also be cheaper to maintain than a conventional gasoline-powered car.

However, the financial benefit of driving an electric car can is different based on where you live. This is mainly due to varying commute times among cities, as well as differences in the cost of gasoline and the cost of electricity, which is different for every city.

In 2018, Crescent Electric Supply Company (CESCO) published a study to find out which American cities offered the most financial savings for commuters who went electric. The study analyzed average commute length as well as gas prices and electricity rates in each major city in America. From there, CESCO used this data to calculate annual commute costs for electric and gas vehicles with an EV that used 34 kWh of electricity per 100 miles and a traditional gas-powered car that obtained 30 mpg of fuel economy.

Advertisement

Read more: Nissan fixed the biggest problem with the Leaf EV, and now it's ready to take on Chevy and Tesla.

According to the study, commuters in New York would save $55 a year by switching to an electric car. That pales in comparison to the whopping $212.87 folks in Seattle, Washington would save.

Much of this difference can be attributed to the price of electricity. Seattle has the cheapest electricity rates, at only $0.08 cents per kilowatt-hour, while New York has the highest prices, at a cost of $0.23 cents per kWh.

"Overall, drivers in every city would save money on their commute if they switched to an electric vehicle, but it was surprising to see how much different cities could save or how little they would spend," said Alex Lucas, a researcher who works for Crescent Electric, in a statement.

However, it should be noted that charging infrastructure around the nation is still lacking and the cost of long-range electric cars remain unaffordable to a large number of consumers.

Advertisement

Here's a closer look at the 10 cities where switching to an electric car will save you the least money.

Read more: The 10 US cities where you save the most money by driving an electric car

{{}}

10. Hartford, CT — $112.33 of annual savings.

10. Hartford, CT — $112.33 of annual savings.

9. Tuscon, Arizona — $111.82 of annual savings.

9. Tuscon, Arizona — $111.82 of annual savings.
Advertisement

8. Boston, Massachusetts — $111.75 of annual savings.

8. Boston, Massachusetts — $111.75 of annual savings.

7. Cleveland, Ohio — $109.62 of annual savings.

7. Cleveland, Ohio — $109.62 of annual savings.
Advertisement

6. Virginia Beach, Virginia — $105.46 of annual savings.

6. Virginia Beach, Virginia — $105.46 of annual savings.

5. Grand Rapids, Michigan — $100.64 of annual savings.

5. Grand Rapids, Michigan — $100.64 of annual savings.
Advertisement

4. Buffalo, New York — $98.57 of annual savings.

4. Buffalo, New York — $98.57 of annual savings.

3. Milwaukee, Wisconsin — $98.57 of annual savings.

3. Milwaukee, Wisconsin — $98.57 of annual savings.
Advertisement

2. New Orleans, Louisiana — $83.25 of annual savings.

2. New Orleans, Louisiana — $83.25 of annual savings.

1. New York, New York — $55.00 of annual savings.

1. New York, New York — $55.00 of annual savings.
Advertisement