The cost of petroleum vs. the cost of electric

Unfortunately, most people don’t know about the cost savings of electric vehicles. In the US, it generally costs about a third of the price to go a mile in an electric car as a gasoline car. That’s before things like charging at work (for free), using superchargers (for free) and the associated costs of gas cars (Oil changes, coolant, tune-ups etc.).  Rates vary from state to state and when you go internationally, things get even more skewed. On one end of the spectrum, you have places like Saudi Arabia which prices Gas so low it is on par with electricity. On the other end, you have places like Norway where it becomes almost 10 times cheaper to go a mile on electric.

That difference is called ‘the wedge’ and here’s an informative article by Lindsay Wilson on just how different each place is.

In almost all countries it is cheaper to power an electric vehicle than fuel a gasoline car.  The cost gap between these two fueling options is what I like to call the EV Wedge .  In some countries this wedge is so damn big that EV drivers can’t sit straight for all the cash in their wallet.

Nowhere is ‘the Wedge’ as pronounced as it is when you compare a Tesla Model S with something like a sub 20mpg Mercedes S550

No wonder Teslas are so popular in Norway.