Parts of New England have seen power costs soar so much this winter that some drivers of electric and hybrid cars report it’s now more expensive to charge them than it would cost to fill their vehicles up with gasoline.
One of the selling points of purchasing expensive electric vehicles is that the high cost is eventually offset by savings at the gas pump. That’s no longer the case at this point in the northeast.
CBS News reports electricity rates across the region have jumped an average of 30% since last summer, while gasoline prices have receded well below their peak in June of 2022.
Web engineer Matt Cain, who lives in Amherst, Massachusetts, told CBS Money Watch he ran a price comparison when his electricity bill shot up in January and found that his overall costs for utilities had climbed a whopping 50%.
“We have a Prius Prime that we normally drive around town, and we…
