What’s Happening
EV owners are relative winners in the current crisis. While gas prices have jumped 20%+ since the war started, electricity prices have risen only modestly (3-5% so far). EV owners are saving significantly more per mile compared to gas vehicles. However, electricity rates may climb further if natural gas prices stay elevated. Some EV owners report longer wait times at public chargers as more people consider switching. Used EV prices are rising as demand increases. If you charge at home with solar panels, you’re largely insulated from energy price spikes.
What You Can Do
Check our complete money-saving guide for detailed tips on reducing costs across all categories.