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Published: Wednesday, 02 August 2023 15:24

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Car Buying: Electric Vehicle (EV) vs Internal Combustion Engine (ICE)

Which Car should you buy? One that runs on Battery (Called an Electric Vehicle or EV) or one that is traditional, still running on Internal Combustion Engine (ICE) which burns gasoline (petrol/diesel). Then there are hybrid cars. These are the cars that have an Electric battery as well as gasoline tank (a mix of EV and ICE as they have both). Hybrids are divided into Conventional Hybrids and Plug in Hybrid Electric Vehicles (PHEV). The conventional Hybrid car runs 100% on gasoline, but uses the battery pack to provide to provide extra boost where needed. Thus, the range of car in miles per gallon improves, as some of the energy is provided by Battery. The battery doesn't need to be charged separately, as Car's alternator keeps charging this battery. On the contrary, in PHEV, the car is mostly run by the battery, and gasoline is used only when battery is almost out of Juice. However the range of car on Battery is not too large. It ranges from 10 miles to 50 miles, before switching to gasoline. They are on purpose designed for smaller range on battery, so that battery pack won't be too large.

Cost of Car:

Let's look at the cost side. Pure EV sell for around $40K, while similar ICE can be had for $20K.

Cost of upkeep

Depreciation

Cost of gas vs electricy

Also, it's not cheaper to get electricity compared to gasoline. Gasoline costs $4/gallon, while electricity cost is $0.15/KwHr (Avg for residential pricing).

Link on msn comparing price of gas vs electricity => https://www.msn.com/en-us/autos/news/most-cars-still-cost-more-to-charge-than-to-fill-up-with-gas/ar-AA1eDQ0R