A recent study conducted by UpShift, a performance marketing services company, compared the running costs of electric vehicles (EVs) and internal combustion engine vehicles (ICE) during winter across several countries. The study used the most popular EV and ICE vehicle in each country to make the comparison.
The results showed that EV owners in the United States saved the most money in comparison to other countries, due to low electricity costs. On average, EV charging costs were $78.95 per month, compared to the average ICE fueling cost of $272.79 per month. This resulted in total winter season savings of $193.84 for US EV owners.
China, being the world's largest EV market, was found to have the cheapest EV running costs during winter. With an average monthly cost of $6.59, or just $0.01 per mile driven, charging EVs in China was significantly cheaper compared to the US.
However, some European countries had the opposite results. According to the study, EV owners in Germany had to pay an average of $20.10 more per month than ICE car owners. In Belgium, the monthly running costs for EVs during winter exceeded $100, with an average of $100.75.
In conclusion, while EVs lose range during winter, they are still cheaper to run than ICE vehicles, at least according to UpShift's study. The cost savings vary from country to country, but overall, EVs provide a cost-effective alternative to traditional vehicles.