There’s a reason Ford predicts half of their sales will be electric vehicles by 2030.
Gas prices are at an all-time high. According to the American Automobile Association, a gallon of gas averages around $4.33 with 9 states charging over $4.50 per gallon as of March 2022. At prices like that, it’s no wonder car dealers have seen an increase in EV (electrical vehicle) sales in the last two months.
In 2020, Natural Resources Defense Council and National Renewable Energy Laboratory did a deep dive into the cost-effectiveness of electric vehicles. They took into account the initial cost of the car, its upkeep, usage, and price of fuel. Depending on the state, EV owners could save up to $12,048 over 15 years by choosing an electric vehicle.
When this study was done, the average cost per gallon across the nation was $2.17. Electric vehicles are also more popular and lower-end models are becoming available. What does that mean? The savings are just getting better.
So you’re saving money on gas but what about the electricity used to power your sweet new ride? In the last two years, utility prices have also been on the rise. Though not nearly as much as gas, it’s still a significant increase as you can see in the graphic below.
So how do you avoid all the increasing prices? It’s simple. Generate your own power! With solar, you can power your home and your car. No need to sell an arm and a leg to afford a trip to the beach! That’s what we call Frugll.
When you chose to go solar, you have more control over your expenses. As history shows, by relying on gas or utility companies, your costs will continue to rise. If you’re considering the switch to an electric vehicle, consider switching to solar too. Frugll’s experts will walk you through the process, find you the best financing options for your new investment, and save you money on your day-to-day expenses!
Want to learn more? Click here to contact our solar team today.
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