Americans embraced electric vehicles (EVs) in record numbers in 2023, with 1.2 million EV sales reported by Cox Automotive. However, despite this surge, EVs still only represent a single-digit percentage of the overall auto market in the US. Furthermore, a recent study conducted by iSeeCars revealed that EVs are being used differently compared to traditional gas-powered cars. The study found that gas vehicles accumulated the highest mileage between November 2022 and April 2023, while EVs had the least mileage.
During this period, gas cars were driven an average of 12,813 miles, surpassing the mileage of any other fuel type. In comparison, EVs averaged 10,256 miles, plug-in hybrids accumulated 12,199 miles, and hybrids recorded 12,471 miles. Executive analyst Karl Brauer suggested that limited charging infrastructure and range anxiety contribute to the lower mileage numbers for EVs. Additionally, many buyers choose EVs for short-haul duties around town, where regenerative braking opportunities are abundant, and the limited range of EVs does not pose a hindrance.
Brauer acknowledged that the inclusion of gas engines in hybrids and plug-in hybrids enhances their flexibility and appeal, enabling them to achieve similar mileage to gas cars. Hybrid vehicles and plug-in hybrids deliver their best fuel economy in city driving conditions, allowing them to effectively utilize their electric motors in stop-and-go traffic. While hybrid vehicles do not require charging, plug-in hybrids must be plugged in to maximize their efficiency. Thus, plug-in hybrids bridge the gap between gas and electric powertrain options for many buyers, offering a short all-electric range supported by a gas engine and traditional hybrid operation when the battery is depleted.
However, it is important to note that EVs still have their advantages. For high-mileage drivers, certain electric car models stand out. These models offer longer electric ranges and superior efficiency, making them suitable for drivers who frequently cover long distances. By choosing an EV with an extended electric range, high-mileage drivers can minimize their reliance on gas and reap the benefits of lower operating costs.
Despite the advantages of EVs for certain drivers, it is essential to consider the overall cost of ownership. Lower average mileage and higher purchase prices for EVs translate to a higher cost-per-mile compared to other fuel types. According to the iSeeCars study, the average cost for an EV to travel 1,000 miles was $5,108, significantly more expensive than any other fuel type. Gas cars were the cheapest to operate in this regard, costing $3,123 per 1,000 miles. Hybrids followed closely at $3,056, while plug-in hybrids incurred a cost of $4,351.
In conclusion, while EVs are gaining popularity in the US auto market, they still represent a small fraction of total vehicle sales. The driving patterns and usage of EVs differ from gas vehicles, with gas cars accumulating the most mileage. Factors such as limited charging infrastructure and range anxiety contribute to lower EV mileage numbers. However, hybrids and plug-in hybrids offer a middle ground between gas and electric powertrains, catering to buyers who desire both efficiency and flexibility. Additionally, certain EV models cater to high-mileage drivers with extended electric ranges. Although EVs may have higher operating costs due to lower average mileage and purchase prices, their benefits in terms of environmental friendliness and potential fuel savings should not be overlooked.