Gasoline is cheaper than electricity, kWh to kWh.

This is why ICEVs won't be replaced by EVs within our lifetimes.

EV claims to be efficient, in that 65-69% of power makes it to the wheels to move the vehicle, whereas ICEV only achieves 16-25% of power making it to the wheels to move the vehicle.

SOURCE:
https://www.fueleconomy.gov/feg/atv-ev.shtml

The typical EV stores around 100 kWh of power, and a typical 16-gallon tank gasoline car stores around 525 kWh of power.

So the EV being between 2.6 to 4.4 times as efficient is still outclassed by ICEVs because using 2.6 to 4.4 times as much energy to move is fine because that ICEV will have 5 times the energy storage on board. THIS is why EVs have the same range as ICEV.

ALSO, as for price comparison, kilowatt-hour to kilowatt-hour, ICEV is **STILL** cheaper, even at today's elevated prices.

As of the last report in January 2026, the national average for electricity is 17.45¢ per kWh.

SOURCE:
https://www.eia.gov/electricity/monthly/epm_table_grapher.php?t=epmt_5_6_a

As of the current pricing of a US gallon of 87 octane gasoline costs $4.123

SOURCE:
https://www.eia.gov/petroleum/gasdiesel/

Since gasoline stores 33.4 kWh equivalent energy, that means we divide $4.123 by 33.4 kWh per gallon to arrive at the per-kWh price for gasoline, which is 12.34¢ per kWh.

So gasoline is cheaper than electrons per kilowatt-hour, even at $4.123 per US gallon.