5 days
Gas car: cost per mile = price per gallon ÷ miles per gallon
Let’s assume 30 mpg and $4.50 a gallon, that’s $0.15 per mile.
Electric car: cost per mile = price per kWh ÷ miles per kWh
Let’s assume 3.5 miles per kWh and residential rates of $0.14 per kWh, that’s $0.04 per mile.
Fast chargers will push the cost much higher in the US. They can charge $0.60 per kWh or higher at peak hours, which would put you at $0.17 per mile in the same car. There are ways to bring that cost down too if that’s your only way to charge.
This article makes no mention of reinsurance, the insurance insurance companies buy from reinsurance companies. Basically they’ll take out reinsurance policies from companies like Loyds of London to cover them in case there’s a catastrophe, such as a hurricane destroying an entire city, so they can still pay out the claims.
Seems a little odd it isn’t mentioned in this article.