The Efficiency Differential
Electric vehicles convert over 75% of electrical energy from the grid into forward motion at the wheels. By contrast, conventional gasoline internal combustion engines (ICE) convert less than 30% of energy stored in fuel due to heat loss.
Comparing Energy Costs per Mile / Kilometer
- Gasoline Vehicle: Driving 15,000 km/yr at 15 km/L ($1.50/L) costs ~$1,500 annually in petrol.
- Electric Vehicle: Driving 15,000 km/yr at 18 kWh/100km ($0.15/kWh) costs ~$405 annually in charging.
- Annual Net Savings: ~$1,095 per year in direct fuel savings alone (a 73% reduction).
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