Are you considering buying an electric vehicle like the 2023 Subaru Solterra? It would be best to wait before purchasing an EV if you are uncertain. A 2023 Subaru Forester compact SUV or Outback midsize SUV is a better option now. Check out the new report from the Anderson Economic Group data before you buy a new electric vehicle.
The recent report from Automotive News (by subscription) says the cost to drive a gas engine vehicle 100 miles in the U.S. fell below the cost to charge a comparable electric car for the first time in 18 months, the Michigan think tank says.
The report was based on gas prices late last year. The Anderson Economic Group says mid-priced gas engine owners are paying about $11.29 for 100 miles of driving, an average of 31 cents less than mid-priced EV drivers who charge at home.
The switch results in fuel costs dropping by over $2 and falling below upward trending home-charging costs, AEG explained.
With the latest EV general ownership costs nearly matching those of gas engine vehicles, brand-specific EV price cuts, and federal EV tax credits also changing the cost conversation, this upset in affordability is the latest update in cost comparison metrics between electric vehicles and gasoline-powered vehicles.
"The run-up in gas prices made EVs look like a bargain during much of 2021 and 2022," AEG's Patrick Anderson said. "With electric prices going up and gas prices declining, drivers of traditional gas vehicles saved a little bit of money in the last quarter of 2022."
Should you buy an all-electric 2023 Subaru Solterra compact SUV or a 2023 Subaru Forester?
When you compare pricing, it's an easy decision right now. The affordability could change if gas prices rise.
What is the price of a 2023 Subaru Forester?
All 2023 Forester trim levels increased by $550 in price, including destination and delivery. The 2023 Forester comes in six trim levels; The Base Forester starts at $27,620, Premium ($30,620), Sport ($32,190), Limited ($34,300), Wilderness ($35,245), and Touring ($37,720). Pricing includes dealer fees ($1,225).
What is the price of the 2023 Subaru Solterra EV?
The 2023 Solterra is offered in Premium, Limited, and Touring. Pricing for the Solterra Premium trim level starts at $46,220. The Limited trim carries a starting manufacturer's suggested retail price of $49,720. The top-of-the-line Touring trim is priced at $53,220. Prices include destination and delivery fees ($1,225). Subaru says U.S. retailers set the actual price and may charge more.
With gas prices staying at about $3.42 as of this writing, it's cheaper to fill up a 2023 Subaru Forester all-wheel-drive vehicle than the cost of charging an electric SUV like the 2023 Solterra and other new comparable battery electric vehicles, according to the Anderson Economic Group's report. EV enthusiasts won't be happy with this news.
Keep in mind this report is not a debate about reducing greenhouse gases and EVs contributing to a cleaner environment. It's only considering the cost of fueling a gas-engine vehicle versus charging an electric car. So please don't send us any hate mail. We just report the facts. We would like to hear your thoughts on the issue in the comment section.
Denis Flierl has invested over 30 years in the automotive industry in a consulting role working with every major car brand. He is an accredited member of the Rocky Mountain Automotive Press. Check out Subaru Report, where he covers all of the Japanese automaker's models. More stories can be found on the Torque News Subaru page. Follow Denis on Facebook, Twitter, and Instagram.
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