Cost of Driving an EV

For those talking about government subsidy for EV, remember that the US government deeply subsidized and controlled gasoline prices from the 1930s through the 1970s when deregulation was put into place. The price of gasoline was held artificially low for 4 decades, rising only a few cents per gallon over that time period. They did far more market control for gasoline vehicles than they are doing today for EV.

Gasoline wasn’t a free market controlled by supply and demand, it was tightly controlled by the US government. When they let go of the reins, prices shot up wildly in early 70s and settled back into the free market supply and demand scenario that we live in today.

The price of regular gasoline was $0.21 in 1938 and $0.29 in 1969. It did not follow normal inflation cost change like other goods because the US government kept it artificially low and stable to promote industrial growth and economic gain.