Electric Car vs Gas: Which is the Superior Choice for 2024?
Electric Car vs Gas: Which is the Superior Choice for 2024?

The debate between electric vehicles (EVs) and traditional gas-powered cars continues to intrigue consumers worldwide. As we explore sustainability, efficiency, and performance, one question remains: which option is better? Join us as we compare electric and gas-powered vehicles, examining their advantages and innovations. 

By the end of this article, you'll gain insight into how EVs are evolving, solidifying their position as a significant player in the automotive industry.

So, without further ado, let’s get started…

Functioning in Electric vs Gas Cars

The fundamental difference between electric and gas cars lies in their operation. 

What are electric cars?

Electric cars, also known as electric vehicles (EVs), are automobiles powered by electricity stored in batteries. These vehicles use electric motors for propulsion, eliminating the need for traditional internal combustion engines found in gas cars. EVs are designed to be more energy-efficient and environmentally friendly compared to gas cars, as they produce zero tailpipe emissions during operation.

What are Gas cars

Gas cars, or gasoline-powered cars, are vehicles that rely on internal combustion engines fueled by gasoline or diesel. These engines combust fuel with air to generate power, which drives the vehicle's wheels. Gas cars have been the dominant form of transportation for decades, offering a familiar and convenient refueling infrastructure. 

However, they produce emissions such as carbon dioxide, nitrogen oxides, and particulate matter, contributing to air pollution and climate change.

But what about the other factors like costs, maintenance, and environmental impact? How do they stack up against each other in these areas?

Electric Car vs. Gas Car Costs

It's essential to look beyond the initial sticker price and delve into long-term expenses such as repairs, maintenance, fuel, and potential tax credits when considering the cost of owning a vehicle. 

Here, We'll compare the costs of electric and gas cars, looking at different factors that affect the overall finances.

Upfront Costs

Electric vehicles (EVs) typically come with a higher upfront cost compared to traditional gas cars. As of January 2024, the average price for a new electric car stood at $55,353, as reported by Kelley Blue Book. On the other hand, in their same report, new gas cars averaged $47,401 during the same period. 

Although this initial upfront cost is higher today, the price gap has been steadily narrowing, indicating a trend toward more competitive pricing in the EV market. It’s because the manufacturers will keep producing more affordable models with improved battery technology as the EV market grows rapidly in the coming years.

However, there are some EV models now available for under $30,000. Yet the entry point for gas cars remains notably lower, which can start at less than $ 20,000. 

Additionally, the inclusion of a Level-2 home charger and its installation costs can further impact the upfront expenses for EV owners. Here, the charger cost can range from $500-$1000, while professional installation costs can go up to $2000. 

As you can see, Gas cars win when it comes to considering the upfront cost yet. But this will change in the near future.

Fueling/Charging Costs

One significant advantage of electric vehicles lies in their lower fueling or charging costs compared to gas cars. Electricity generally costs less per mile traveled than gasoline, and EVs tend to be more energy-efficient, offering potential savings over the long term. 

According to the NREL of the U.S. Department of Energy, driving an electric vehicle over 15 years could save drivers up to $14,500 in fueling costs compared to a similar gas model. 

However, the availability of public charging stations and the frequency of their use can influence the overall cost comparison between fueling an EV and refueling a gas car. Therefore, installing a Level 2, 240-volt EV charger at your home can provide faster charging, typically adding over 250 miles of range overnight.

As you can see, Electric cars win when it comes to considering charging costs compared to fuelling in gas cars.

Maintenance and Repair Costs

Electric vehicles come with simpler mechanics and fewer parts than gas cars. This results in lower maintenance and repair expenses over time compared to gas cars. 

With fewer fluids to change and less complex systems to service, EV owners can expect to spend significantly less on upkeep compared to their gas counterparts. 

Yes, the initial cost of replacing an EV battery may seem costly. But, these batteries are designed to last 12 to 15 years. Thus resulting in reducing long-term replacement expenses. 

However, despite the ongoing need for routine maintenance, such as tire replacements and brake servicing, EVs still offer substantial savings in maintenance costs over the vehicle's lifespan.

As you can see, Electric cars win when it comes to considering maintenance and repair costs compared to gas cars.

Tax Credits

One area where electric cars hold a clear advantage is in tax credits. There are tax incentives that can significantly reduce the cost of purchasing an electric vehicle (EV). The federal EV tax credit provides up to $7,500 for new EVs and $4,000 for eligible used EVs. 

Additionally, new rules will soon allow auto dealers to apply for the tax credit directly at the point of sale, making savings more immediate. However, automakers must meet new EV manufacturing requirements for their vehicles to qualify for federal incentives, which may temporarily affect availability. In addition to that, many states also offer their own tax incentives for EV purchases.

In the same time, it's essential to note that these tax credits are exclusive to electric vehicles and are not applicable to gas-powered cars. 

These financial incentives can significantly offset the higher upfront cost of purchasing an EV, making it a more financially appealing option for many consumers.

As you can see, Electric cars win when it comes to considering tax credit opportunities that are offered compared to purchasing a gas car.

Environmental Concerns

Cost is often the primary consideration when choosing a car. But environmental factors also play a role. Here's a comparison of how electric and gas cars stack up in terms of emissions and efficiency.

Emissions and Efficiency:

Electric cars are generally more efficient than gas vehicles. According to the Office of Energy Efficiency and Renewable Energy in the U.S. Department of Energy, they convert a higher percentage(nearly 77%) of electrical energy from the grid into power at the wheels compared to gas cars. 

On the other hand, gas vehicles are less efficient, converting only a fraction(ranging from 12% to 30%) of the energy stored in gasoline into usable power. 

However, it's important to note that the emissions and efficiency of electric cars can vary depending on factors such as location, vehicle model, and the source of electricity.

In terms of emissions, electric cars are generally more environmentally friendly. On average, an electric car sold in the U.S. emits emissions equivalent to a hypothetical gas car achieving 91 miles per gallon. Across all U.S. regions, electric cars emit fewer emissions than gas cars.

While electric cars produce no tailpipe emissions, their overall emissions are calculated based on factors such as manufacturing processes and electricity generation for charging. 

However, one challenge with electric car emissions is battery recycling. Currently, battery recycling is still in its early stages and may not be able to keep up with future demand for electric vehicles. Yet, advancements are expected in the coming years.

As you can see, electric cars come out on top due to their higher efficiency and lower emissions compared to gas vehicles in terms of environmental concerns.

Convenience

Yes, electric cars may have higher upfront costs and lower maintenance expenses. But when considering the convenience of electric versus gas cars, several daily driving aspects come into play. 

Let's examine the comparison, focusing on charging/filling up.

Charging/Filling Up:

Gas cars typically offer more convenience when it comes to refueling. With a well-established infrastructure, gas stations are plentiful and easy to find across most areas. Additionally, gas cars can travel an average of about 400 miles on a single tank, providing ample range for long-distance driving.

One concern with electric cars is "range anxiety" – the fear of running out of charge with nowhere to recharge. While the EV charging infrastructure is expanding, it's not as widespread as gas stations. However, more workplaces are installing charging units, and there are over 60,000 public charging stations across the country, including DC Fast Charge units.

Depending on your driving habits and location, the availability of public charging stations may not be a significant issue. Most electric cars can travel between 110 and 300 miles before needing a recharge, with some offering ranges of 200 to 300 miles. Before purchasing an electric car, checking for nearby charging stations using locator tools is advisable.

In terms of refueling time, gas cars have the advantage of taking only 5 to 10 minutes to fill a tank. In contrast, electric cars require up to 12 hours with a Level 2 charger or 30-45 minutes with a Level 3 charger found at public stations.

However, with the invention of the latest technology embedded calculation systems that come with electric cars, you can plan your charging times from the start to the final destination as these new systems showcase the time you need to charge your vehicle at charging stations along your route.

For the time being, gas cars hold the advantage in charging and refueling convenience due to the extensive availability of gas stations and quicker refueling times compared to electric cars. 

However, it's worth noting that advancements in charging infrastructure and technology are on the horizon, suggesting that these challenges with electric vehicles will likely be resolved in the near future.

Towing

Both gas and electric vehicles are capable of towing. However, towing heavy loads can impact efficiency in both cases.

Gas Vehicles:

The decrease in miles per gallon (MPG) for gas vehicles when towing depends on the weight being towed and the increased wind resistance. Generally, heavier loads result in worse gas mileage.

Electric Vehicles:

Similarly, electric cars experience a reduced range when towing heavy loads. Recent tests conducted by Consumer Reports revealed a significant range reduction in EVs when towing, consistently falling below the estimated reduced range for towing. 

This limitation is particularly noticeable considering the current availability and speed of charging stations compared to gas stations, making EVs less practical for long-distance towing but potentially suitable for shorter distances.

Here, the winner is gas cars. They are more suited for towing due to their reduced impact on efficiency compared to electric vehicles.

Availability

Availability

When it comes to availability, gas cars have the upper hand compared to electric vehicles.

Gas Vehicles:

Still, new car dealerships typically offer a wide selection of gas vehicles, making it easy for consumers to find a suitable option. The variety of gas cars available meets the market's demand, providing customers with numerous choices.

Electric Vehicles:

In contrast, purchasing a new electric car may not be as straightforward. The demand for environmentally friendly electric vehicles is outpacing dealership inventory, with many dealerships lacking any electric cars or plug-in hybrids for sale. 

A study by the Sierra Club found that 66% of American car dealerships did not have any electric vehicles available. Plus, 45% of these dealerships expressed a reluctance to offer them. In such cases, you, as a consumer, may need to search for dealerships that carry electric cars in stock or order directly from the manufacturer.

For now, the winner is gas cars as they currently hold the advantage in availability over electric vehicles. However, the availability of electric vehicles is expected to improve over time with the growing demand for electric cars and advancements in manufacturing capabilities. 

On that note, in the future, dealerships will likely increase their inventory of electric vehicles to meet consumer demand, making them more accessible to prospective buyers.

Final Thoughts

While the debate between electric vehicles (EVs) and traditional gas-powered cars persists, several factors contribute to the superior choice. 

Electric cars demonstrate significant advantages in terms of efficiency, lower emissions, and lower long-term operating costs despite their higher upfront price tag. With the growing availability of public charging infrastructure and advancements in technology, the convenience gap between electric and gas cars is narrowing rapidly. 

Moreover, tax incentives further enhance the affordability of electric vehicles, making them an increasingly attractive option for environmentally conscious consumers. While gas cars currently maintain an edge in availability, the evolving automotive landscape suggests a shift towards electric vehicles becoming the go-to choice in the near future. 

As the demand for EVs rises and manufacturing capabilities expand, dealerships are expected to increase their inventory of electric vehicles, ultimately making them more accessible to consumers. 

Hence, electric cars emerge as the economical and environmentally friendly choice for the future of transportation.

Key Points:

  • Electric cars offer significant long-term cost savings despite higher upfront costs compared to gas vehicles.
  • Charging infrastructure for electric vehicles is rapidly expanding, reducing concerns about range and accessibility.
  • Tax incentives further offset the initial price difference, making electric cars more financially appealing.
  • Electric vehicles demonstrate higher efficiency and lower emissions, contributing to a cleaner environment.
  • Gas cars currently hold an advantage in availability, but this is expected to change as demand for electric vehicles grows.
  • Maintenance and repair costs are lower for electric cars due to their simpler mechanics and fewer moving parts.
  • Gas cars are more convenient for refueling due to the extensive network of gas stations and shorter refueling times.
  • Electric cars may face challenges with towing heavy loads, impacting their efficiency and range.
  • Environmental concerns favor electric cars, as they produce fewer emissions and contribute less to air pollution.
  • With advancements in technology and increasing consumer demand, electric cars are poised to become the preferred choice for transportation in the future.

FAQs

  1. What Are the Typical Maintenance Requirements for Electric vs. Gas Cars?
    • Electric cars generally require less maintenance than gas cars because they have fewer moving parts and don't need oil changes. However, battery health is a crucial aspect to monitor in electric vehicles, whereas gas cars require regular engine maintenance and fluid checks.
  2. Can Electric Cars Handle Long Road Trips as Effectively as Gas Cars?
    • While electric cars are improving in range and charging infrastructure is expanding, long road trips may still require more planning to ensure accessibility to charging stations. Gas cars currently offer more flexibility for long-distance travel due to the widespread availability of gas stations.
  3. How Do Weather Conditions Affect Electric and Gas Cars?
    • Electric cars can experience reduced battery efficiency and range in extreme cold or hot weather. Gas cars are also affected by extreme temperatures but mainly in terms of efficiency and comfort rather than operational capability.
  4. What Are the Resale Values of Electric Cars Compared to Gas Cars?
    • Historically, electric cars tended to depreciate faster than gas cars. However, as demand for electric vehicles increases and technology improves, the gap in resale value is starting to narrow. The future resale value can vary significantly based on advancements in technology and shifts in consumer demand.
  5. Are There Enough Charging Options Available for Electric Car Owners?
    • The availability of charging stations is rapidly increasing, with significant investments in infrastructure underway. However, the density of charging networks varies by region. Urban and populated areas typically have better access to public charging stations compared to rural areas.

Article sources:

  1. All-Electric Vehicles by U.S. Department of Energy. (2024) 
  2. News Release: Research Determines Financial Benefit from Driving Electric Vehicles by National Renewable Energy Laboratory (NREL). (2024) 
  3. At a Glance: Electric Vehicles by U.S. Department of Energy. (2024) 
  4. Electric Vehicle Charging Station Locations by U.S. Department of Energy. (2024)