Post #10740 by AdrianC on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

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“In Massachusetts, electricity rate including delivery is about 30 cents/kWh, so 100 miles would cost 0.3*34.6 = $10.38. Most combustion sedans have average driving distance of 30 miles/gallon, 100 miles would cost 3.3 gallon and $10 with $3/gallon price. There is no saving on fuel cost with EV in the United States. That's very different in China, where electricity rate is about 1/3 of that in the US while fuel is about 30-50% more expensive than the US. That's the main reason EVs are fast growing in China.”

You’re overpaying in MA. We pay less than half that in OH.
Our EV gets better than 30 kWh/100 miles. $0.15*30 = $4.50

Sure, gas is very cheap in the US. Right now, at least.

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