The increase varies depending on the type of electric vehicle, as well as the amount the vehicle is driven. In addition, electricity usage and the time of day you charge your vehicle will also affect the price. However, compared with gasoline, you will see savings of greater than 70% on fuel costs.
Electric vehicle owners can expect to see an increase in their electricity use. However, because gasoline and diesel prices outweigh that of electricity, they will still save money using electricity to power their vehicles. It’s estimated that electric vehicle owners who charge their vehicles during Georgia Power’s super-off-peak period will see the cost equivalent of paying approximately $0.50/gallon for gasoline, compared with more than $3.50/gallon for a gasoline- or diesel-powered vehicle.