Electric charging cost less and is more predictable

As the chart above illustrates, drivers of gasoline and diesel passenger vehicles are subject to wide price swings from month to month and year to year.

Electric vehicle charging costs are lower and much more stable. If a driver can utilize one of the off-peak charging programs provided by some electric utilities, the gallon equivalent charge could decrease even further; for example, the Burlington Electric Department offers an EV rate that would cost just $0.63/gallon equivalent.

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