That's still getting off cheaper than an ICE.
Just an estimate of 60k miles per year, averaging 25mpg and paying 19 cents per gallon in tax adds up to $456 per year.
You drive 60,000 miles per year? That seems pretty excessive. I drive a lot compared to most and I would say it's only about 20,000 miles a year.
But let's take some more pedestrian numbers. Let's say a car that gets 30 miles a gallon drives 10,000 miles per year. They'd pay about $60.
My 2020 model Toyota - purchased the day after Thanksgiving 2019, so almost exactly five years old to me - has 29K on it. Less than 500/mo. It was far less until about a year ago…the first couple of years were only like 3K-4K/yr.
I use my vehicle for work and only drive about 1000 miles a month. However, I live 3 miles from the office. My wife only drives around 500 mile a month.
BTW you don’t actually pay 19˘ per gallon in gas tax in Oklahoma, it is closer to 38˘ when you pay federal and the fees. Electric vehicle charging in Oklahoma also has an excise tax of 3˘ per kilowatt hour at public assessable chargers.
Ok. Ok. I messed up. I don't know what I was thinking when I came up with 60k. I actually drive around 20k. Might have been before coffee. So the difference really isn't that much.
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