It’s been a year of setbacks for electric vehicles and their drivers, with the Trump administration and congressional Republicans rolling back most policies that support the industry.
Adding to the list — the rising cost of electricity and the falling cost of gasoline mean EVs are more expensive to own and operate when comparing their total lifetime cost to gasoline-powered vehicles, according to AAA’s annual analysis.
That’s a shift from last year, when AAA found that some EVs had a slight cost edge over their gasoline-powered competition.
It’s not clear how the change could affect EV sales. Electric and gasoline prices are volatile, and consumers don’t always look at long-term costs when they buy new vehicles, said Austin Shivers, a lead engineer at AAA.
