A study from Michael Sivak and Brandon Schoettle at the University of Michigan’s Transportation Research Institute found the average annual cost to drive a gasoline-powered vehicle last year was $1,117. The average annual cost to drive a typical battery-electric vehicle, by contrast, was $485 last year. “The required fuel economy that gasoline vehicles would need to exceed for driving them to be less expensive than driving battery-electric vehicles is 57.6 miles per gallon in the United States,” the study found. Former President Barack Obama during his second term in office issued […]