Bruce Mirken6d ago

"The national average #gas price hit $4.09 per gallon this week — up 33% from a year ago — as yet another #oil crisis hammers American drivers. But this time, the math on switching to electric is so overwhelmingly clear that millions of drivers are doing the calculation and reaching the same conclusion: they can’t afford not to drive electric."

https://electrek.co/2026/04/03/oil-crisis-ev-savings-cant-afford-not-to-drive-electric/

#ElectricVehicles

The oil crisis is making drivers realize they can’t afford not to drive electric

With gas at $4.09/gal and oil crises recurring every few years, the math is clear: driving electric saves $100-200/month. Here's the breakdown.

Electrek
Show threadBruce Mirken6d ago

"Driving a Toyota Camry (32 MPG) on gas at $4.09/gallon:

Monthly fuel cost: $144/month

Driving a Hyundai Ioniq 6 (27 kWh/100mi) on electricity at 17¢/kWh:

Monthly charging cost: $52/month

That’s a $92/month fuel savings — or $1,104 per year — just on fuel."

Show threadD Ingram6d ago

@BruceMirken $1100 year pales into price difference. In Australia the Ioniq 6 goes for $70k to $95k. The Camry is $43k to $60k. So bottom spec difference is A$27k or US$18.6k. Fuel savings will take 17y to recoup (no present value or financing considered), assuming battery lasts that long.

Energy security is a big plus, and if you have cheap/free PV then payoff is faster. Service costs are much lower on EV too. But capital cost of EV is a big show stopper.

Show threadBrisWombat6d ago
@ingram @BruceMirken in Australia we have cheaper EV sedans than the Ioniq6. BYD Seal, Kia EV4, starts at around AUD$50k drive away. Madza 6e not far off that coming soon. Xpeng M03 likely under 45k.
There are EV SUVs cheaper than 50k that have the same volume as a sedan. GAC (46k), Geely EX5 (45k), Leapmotor C10 (48-54k).
The economics is getting better, especially if we never see fuel under $2/litre ever again.
Show threadD Ingram
@WhombeX @BruceMirken I mentioned the Camry and Ioniq 6 since that's what Bruce listed in the first post. Yes, there are lots of cheaper options for EV, but also for ICE.
Apr 4 at 12:24amTusky
Show threadBrisWombat6d ago
@ingram @BruceMirken Yeah, fair call.
Show threadBruce Mirken6d ago
@WhombeX @ingram And I was just quoting the article, but frankly they aren't examples I'd have picked. At least here in the U.S., the Ioniq6 has never been a big seller.