The F-150 Lightning Recall Shows Why Ford Has An Advantage

The F-150 Lightning Recall Shows Why Ford Has An Advantage

Between 500 and 800 auto recalls are issued every year, affecting tens of millions of American vehicles. In fact, recalls have become so common that many drivers simply ignore them, which is a dangerous move. Fortunately, some automakers are making it possible to address recalls from the comfort of home. Ford’s F-150 Lightning electric truck is now subject to a recall, and Ford’s Blue Oval Intelligence feature is making the fix easier than ever before. But make no mistake: Ford’s over-the-air update capability has roots in Tesla’s decade of success. 

2022 F-150 Lightning Recall

2022 Ford F-150 Lightning Lariat
2022 Ford F-150 Lightning Lariat

Ford Motor said Monday it will recall 2,906 F-150 Lightnings because a software issue could result in a failure to provide warning of low tire pressure. The 200,000 F-150 Lightning reservation holders are certainly relieved to find that this recall is not related to Ford’s all-new electric powertrain. In this particular recall, simple human error is at fault. Ford says that the recommended tire cold inflation pressure was incorrectly set to 35 psi instead of 42 psi. 

No accidents have resulted from this F-150 Lightning recall, but it’s the fix that’s noteworthy. The recall gives Ford a publicized opportunity to show the world that the F-150 Lightning is OTA capable. Over-the-air (OTA) updates have long been a top selling point of Tesla’s electric vehicles. By enabling vehicle software updates over a home wifi internet connection, OTA updates are convenient for both drivers and automakers alike. 

Here’s our complete guide to automotive over-the-air updates, and what they mean for your car.

Ford’s first OTA updates were rolled out to the Mustang Mach-E in 2021. As successful as the Mustang Mach-E has been for Ford, the F-150 Lightning is on another level with hundreds of thousands of reservations, and unruly dealer markups souring its reputation to some. 

The Limitations of Ford’s OTA Updates

To date, Ford has demonstrated its ability to send software over-the-air updates to its electric vehicles. Software OTA fixes are not as transformative as the firmware OTA fixes that Tesla has implemented. On numerous occasions, Tesla has sent OTA updates that addressed aspects of charging, acceleration, efficiency and range. We’ve yet to see Ford implement firmware OTA updates, but the automaker claims that Blue Oval Intelligence will be capable of doing so when the need arises.

OTA Updates Coming to Other Automakers

Silverado EV
2024 Chevrolet Silverado EV RST

In 2022, just about every automaker claims to be bringing over-the-air updates to their future lineups. General Motors was an early pioneer of OTA updates, having tried it out with OnStar way back in 2009. The second generation of GM’s OTA updates was launched in 2019 as Vehicle Intelligence Platform (VIP). VIP now enables OTA updates for nearly every vehicle control module, not just infotainment. GM’s latest software platform is advancing OTA update capability to new heights. Ultifi is designed to provide more frequent OTA updates, similar to how Tesla owners are accustomed to. 

Other legacy automakers are a bit behind the curve. The likes of Hyundai, Honda, BMW, Mercedes-Benz and Volkswagen group are all offering OTA updates for infotainment and navigation, but not much else at the moment. Electrek has a great breakdown of each automaker’s plans for OTA updates.

Chinese automaker NIO is reportedly planning to enter the American market with several OTA-capable models. NIO’s over-the-air update capabilities are second only to Tesla, with firmware-updates proven in the automaker’s overseas markets. NIO is more widely known for their battery swapping stations, which replace the need to wait around for a charge. Learn more about NIO coming to America.

Is the F-150 Lightning Still a Good Buy?

2023 F150 Lightning
2022 Ford F-150 Lightning Platinum

With up to 320 miles of range, decent charging speeds, powerful towing capabilities and the option of using the truck’s battery as a home generator, there’s a lot to love about the F-150 Lightning. What we don’t love are the dealer markups that have been making headlines for all the wrong reasons. Is the F-150 Lightning a great deal at $40,000 to $90,000? Certainly. When dealers start adding $50,000 markups to this truck, it’s not doing the EV movement any favors. 

Learn more about the F-150 Lightning’s specs and pricing.

Looking to buy? See nationwide dealer listings for the F-150 Lightning at YAA Car Search.

Let us know what you think. Is the F-150 Lightning comparable to a Tesla, or is it too early in the game to make such bold claims? How much would you pay for an electric work truck? Are EV incentives enough for you to make the switch? Let us know! 

Always know what your car is worth.Free YAA instant vehicle valuation.
  • Enter your vehicle details below (all fields required):

The Fastest Charging Electric Vehicles in 2022 

The Fastest Charging Electric Vehicles in 2022 

You want to go electric, but dread the thought of waiting around the charging station for 45 minutes to an hour. While most electric vehicle charging is done at home overnight (for pennies on the dollar), the occasional road trip necessitates visits to public fast charging stations. Also known as ‘level 3’ DC fast chargers, the amount of time spent charging here varies widely from one electric vehicle model to another. 

These are the fastest charging electric vehicles on the market today. Plus, we’ll take a sneak peek at a few EVs that are just around the corner. 

See the latest availability and wait times for every EV on the market

*Note: Charge times are reflected as 10% to 80% because in all EVs, charging speeds slow significantly beyond 80% state of charge as the battery management system (the car’s computer) balances out the energy distribution at the ‘top of the pack’. In many cases, it may take the same amount of time to charge from 10% to 80% as it does to charge from 80% to 100%.

Fastest Charging Electric Cars Under $45,000

Kia EV6

Wind Rear-Wheel Drive

2022 Kia EV6

10-80% (217 miles of range gained) in 18 minutes

Peak charging power accepted: 235 kilowatts

Range at 80%: 248 miles

Range at 100%: 310 miles

Starting price with destination charges: $49,495

Federal EV tax incentive: Qualifies

Learn more about the 2022 Kia EV6

Hyundai IONIQ 5

Rear-Wheel Drive

The 2022 Hyundai IONIQ 5

10-80% (212 miles of range gained) in 18 minutes

Peak charging power accepted: 235 kilowatts

Range at 80%: 242 miles

Range at 100%: 303 miles

Starting price with destination charges: $45,200

Federal EV tax incentive: Qualifies

Learn more about the 2022 Hyundai IONIQ 5

Volkswagen ID.4

Pro Rear-Wheel Drive

2022 Volkswagen ID.4

10-80% (193 miles of range gained) in 29 minutes

Peak charging power accepted: 135 kilowatts

Range at 80%: 220 miles

Range at 100%: 275 miles

Starting price with destination charges: $42,430

Federal EV tax incentive: Qualifies

Learn more about the 2022 Volkswagen ID.4

Electric cars cost $11,000 more than ICE competitors on average. Worried about when you’ll break even with an electric vehicle purchase? We did the math for you. See EV break-even times with and without incentives.

Fastest Charging Electric Cars Under $70,000

Tesla Model 3

Long Range Dual Motor

2022 Tesla Model 3

10-80% (251 miles of range gained) in 22 minutes

Peak charging power accepted: 235 kilowatts

Range at 80%: 286 miles

Range at 100%: 358 miles

Starting price with destination charges: $59,190

Federal EV tax incentive: No longer qualifies

Learn more about the Tesla Model 3

Genesis GV60

Dual-Motor

2022 Genesis GV60

10-80% (174 miles of range gained) in 18 minutes

Peak charging power accepted: 235 kilowatts

Range at 80%: 198 miles

Range at 100%: 248 miles

Starting price with destination charges: $59,980

Federal EV tax incentive: Qualifies

Learn more about the 2022 Tesla Model Y

Tesla Model Y

Long Range Dual-Motor

Tesla Model Y

10-80% (231 miles of range gained) in 22 minutes

Peak charging power accepted: 235 kilowatts

Range at 80%: 264 miles

Range at 100%: 330 miles

Starting price with destination charges: $67,190

Federal EV tax incentive: No longer qualifies

Learn more about the 2022 Tesla Model Y

Ford Mustang Mach-E 

Extended Range Rear-Wheel Drive

2022 Ford Mustang Mach-E

10-80% (212 miles of range gained) in 45 minutes

Peak charging power accepted: 150 kilowatts

Range at 80%: 242 miles

Range at 100%: 303 miles

Starting price with destination charges: $49,975

Federal EV tax incentive: Qualifies

Learn more about the 2022 Ford Mustang Mach-E

Fastest Charging Electric Trucks

Rivian R1T

Explore

Rivian R1T fast charging

10-80% (220 miles of range gained) in 42 minutes

Peak charging power accepted: 220 kilowatts

Range at 80%: 251 miles

Range at 100%: 314 miles

Starting price: $79,500

Federal EV tax incentive: Qualifies

Learn more about the Rivian R1T

Chevrolet Silverado EV

Mid-Trims TBD

Silverado EV

100 miles of range in 10 minutes is all GM has told us so far

Peak charging power accepted: 350 kilowatts

Range at 80%: 320 miles

Range at 100%: up to 400 miles

Starting price: Estimated $50,000

Federal EV tax incentive: No longer qualifies

Learn more about the 2024 Chevrolet Silverado EV

Ford F-150 Lightning

XLT Extended Range

2022 Ford F-150 Lightning charging speed

15% to 80% (208 miles of range gained) in 41 minutes

Peak charging power accepted: 150 kilowatts

Range at 80%: 256 miles

Range at 100%: 320 miles

Starting price: $72,474

Federal EV tax incentive: Qualifies

Learn more about the 2022 Ford F-150 Lightning

Always know what your car is worth.Free YAA instant vehicle valuation.
  • Enter your vehicle details below (all fields required):

Electric Cars, Trucks and SUVs With the Best Range in 2022

Electric Cars, Trucks and SUVs With the Best Range in 2022

You don’t have to spend one hundred grand to purchase an electric vehicle with great range in 2022. EVs aren’t cheap, but with fuel savings taken into account, the electric lifestyle starts to sound a lot more appealing. There’s a saying in electric mobility: range is king. That’s especially true for frequent road-trippers and those who live in one of America’s remaining charging deserts. These are the electric vehicles with the most range in 2022. 

Note: We’ve decided to place an emphasis on affordable electric vehicles with the most range. Affordability is a moving target in 2022’s crazy auto market, but in the realm of EVs, we’ve defined ‘affordable’ as EVs under $65,000. If you’re in the market for luxury, we’ve got those covered too.

Electric Cars With the Best Range

Tesla Model 3 Long Range (Dual Motor)

2022 Tesla Model 3

Range: 358 miles

Price: $57,190 with destination

Max charging speed: 250 kW (20-80% in 20 minutes, adding 214 miles of range)

0-60 mph (fun factor):

Federal EV tax credit qualification: No, credits were exhausted. Learn about EV incentives here.

See our full review of the 2022 Tesla Model 3 Long Range here

Polestar 2 Front-Wheel Drive

Polestar 2 range

Range: 270 miles

Price: $49,800 with destination

Max charging speed: 250 kW (20-80% in 20 minutes, adding 214 miles of range)

0-60 mph (fun factor): 6.8 seconds

Federal EV tax credit qualification: Yes, learn more about EV incentives here.

See our full review of the Polestar 2 here

Tesla Model 3 Rear-Wheel Drive

Range: 272 miles

Price: $48,190 with destination

Max charging speed: 150 kW (20-80% in 20 minutes, adding 163 miles of range)

0-60 mph (fun factor): 5.8 seconds

Federal EV tax credit qualification: No, credits were exhausted. Learn about EV incentives here.

See our full review of the 2022 Tesla Model 3 here

Chevrolet Bolt

2022 Chevrolet Bolt range

Range: 259 miles

Price: $26,595 with destination (most affordable EV available today)

Max charging speed: 55 kW (adding 100 miles of range in 30 minutes, or 200 miles of range in 75 minutes)

0-60 mph (fun factor): 6.8 seconds

Federal EV tax credit qualification: No, credits were exhausted. Learn about EV incentives here.

See our full review of the Chevrolet Bolt here

Here’s our list of the cheapest electric cars available today

Electric Crossovers/SUVs With the Best Range

Tesla Model Y Long Range (Dual Motor)

2022 Tesla Model Y range

Range: 330 miles

Price: $64,190 with destination

Max charging speed: 250 kW (adding 100 miles of range in 30 minutes, or 200 miles of range in 75 minutes)

0-60 mph (fun factor): 4.8 seconds

Federal EV tax credit qualification: No, credits were exhausted. Learn about EV incentives here

See our full review of the Tesla Model Y here

Kia EV6 Rear-wheel drive

2022 Kia EV6 range

Range: 310 miles

Price: $42,155 with destination

Max charging speed: 235 kW (15-80% in 20 minutes, adding 217 miles of range in 18 minutes)

0-60 mph (fun factor): 7.3 seconds

Federal EV tax credit qualification: Yes, learn more about EV incentives here.

See our full review of the Kia EV6 here

Hyundai IONIQ 5 Rear-wheel drive

Hyundai IONIQ 5 range

Range: 303 miles

Price: $45,295 with destination

Max charging speed: 235 kW (15-80% in 20 minutes, adding 197 miles of range in 18 minutes)

0-60 mph (fun factor): 7.5 seconds

Federal EV tax credit qualification: Yes, learn more about EV incentives here.

See our full review of the Hyundai IONIQ 5 here.

Ford Mustang Mach-E California Route 1 RWD

mustang mach-e range
Shrimp in an EV? Yes, of course.

Range: 314 miles

Price: $53,550 with destination

Max charging speed: 150 kW (10-80% in 45 minutes, adding 220 miles of range)

0-60 mph (fun factor): 6.1 seconds

Federal EV tax credit qualification: Yes, learn more about EV incentives here.

See our full review of the Ford Mustang Mach-E here.

Cadillac Lyriq Rear-wheel drive

2023 Cadillac Lyriq

Range: 312 miles

Price: $64,185 with destination

Max charging speed: 190 kW (adding 195 miles of range in 30 minutes)

0-60 mph (fun factor): 6.4 seconds

Federal EV tax credit qualification: No, credits were exhausted. Learn about EV incentives here

See our full review of the Cadillac Lyriq here.

See the latest EV availability and wait times for EVERY model

Electric Trucks With the Best Range

There are now three electric pickup trucks on American roads, but buying one is easier said than done. Everyone wants one, and wait lists extend months and in some cases, years. We’ve decided to include electric trucks that are not yet available for purchase, so long as specs have been released and reservations or orders can be placed today.

Ford F-150 Lightning XLT Extended Range 

2022 Ford F-150 Lightning Lariat

Range: 320 miles

Price: $72,474

Max charging speed: 130 kW (15-80% in 40 minutes)

0-60 mph (fun factor): estimated 4.5 seconds

Federal EV tax credit qualification: Yes, learn more about EV incentives here.

See our full review of the F-150 Lightning here.

Chevrolet Silverado EV

2024 Silverado EV RST

Range: Estimated 400 miles

Price: $42,000 – $100,000+

Max charging speed: 350 kW (adding 100 miles of range in 10 minutes)

0-60 mph (fun factor): N/A

Federal EV tax credit qualification: No, credits were exhausted. Learn about EV incentives here

See our full review of the Silverado EV here.

Rivian R1T

Rivian R1T electric truck

Range: 314 miles

Price: $80,000 – $100,000+

Max charging speed: 220 kW (10-80% in 40 minutes)

0-60 mph (fun factor): 3.0 seconds

Federal EV tax credit qualification: Yes, learn more about EV incentives here.

Learn more about Rivian’s R1T and R1S full-size SUV.

Luxury Electric Vehicles With the Best Range

Lucid Air Grand Touring

Lucid Air

Range: 516 miles

Price: $139,000

Max charging speed: 300 kW (adding 300 miles of range in 20 minutes)

0-60 mph (fun factor): 2.6 seconds

Federal EV tax credit qualification: Yes, learn more about EV incentives here.

See our full review of the Lucid Air here.

Tesla Model S Dual Motor All-Wheel Drive

Model S range

Range: 405 miles

Price: $101,990

Max charging speed: 250 kW (adding 200 miles of range in 15 minutes)

0-60 mph (fun factor): 3.1 seconds

Federal EV tax credit qualification: No, credits were exhausted. Learn about EV incentives here

Mercedes EQS 450+

Mercedes EQS 450+ range

Range: 350 miles

Price: $139,000

Max charging speed: 200 kW (adding 200 miles of range in 20 minutes)

0-60 mph (fun factor): 5.5 seconds

Federal EV tax credit qualification: Yes, learn more about EV incentives here.

See our full review of the Mercedes EQS here.

What does the future hold? Not necessarily more range, surprisingly. Many auto analysts expect range for relatively affordable EVs to settle in around the 250-350 mile range. Why? Battery shortages loom on the horizon. Raw materials are in high demand, and there are only so many places on Earth to get lithium, cobalt and other materials.

Should you buy an EV now or wait? If you can find what you want for MSRP or very close to it, it just might be the right time to buy or lease. All signs point towards higher EV prices for 2023 and 2024 model years.

Always know what your car is worth.Free YAA instant vehicle valuation.
  • Enter your vehicle details below (all fields required):

These Electric Vehicles Come with Free Charging in 2022

These Electric Vehicles Come with Free Charging in 2022

Electrify America

Electric vehicles are far from cheap, but many 2022 EVs come with free charging incentives that sweeten the deal. If you travel America’s interstates often, you’ll want to check out these free charging incentives. It adds up quickly!

Audi e-tron Free Charging: Electrify America

The new Audi Q4 e-tron includes 250kWh of complimentary charging at Electrify America. Audi e-tron GT buyers get three years of free charging at Electrify America. With an EPA-rated range of 241 miles with a 77 kilowatt-hour battery pack, you’ll be good to go for plenty of charging stops. The Q4 e-tron will take about 40 minutes to charge from 10% to 80%. The much pricier e-tron GT can do the same in as little as 22 minutes. 

BMX i4 and iX Free Charging: Electrify America

The 2022 BMW iX SUV and i4 electric sedan will come with two years of 30-minute complimentary charging sessions at Electrify America charging stations. Depending on how much you travel, that could save you a few thousand dollars in public charging costs!

Chevrolet Bolt: Free Level 2 Charger Installation

This is a better deal than it sounds. Level 2 home charging is not cheap to install, unless you’re lucky enough to live where incentives abound. Chevrolet will cover standard installation of a Level 2 charging outlet for customers who purchase or lease a 2022 Bolt EUV or Bolt EV. Learn more here. Here’s our review of the 2022 Bolt and Bolt EUV.

Fisker Ocean Free Charging: Electrify America, Maybe?

The 2023 Fisker Ocean is looking like it will be a popular electric crossover once it arrives. Fisker has partnered with Electrify America, however it’s not been shared if there will be a complimentary charging incentive for Ocean drivers. Regardless, it’s an amazing vehicle (on paper for now). We’re big fans of the innovative Fisker Flexee lease program.

Ford F-150 Lightning Free Charging: Electrify America

2022 Ford F-150 Lightning Pro
2022 Ford F-150 Lightning Pro

Yes, the truck we’ve all been waiting for does come with 250 kilowatt-hours of free charging at Electrify America. That’s equal to about two and a half fill-ups, or enough to drive about 700 to 800 miles in the F-150 Lightning. Once the incentive expires, expect a big charging session at Electrify America to cost about $25-35 in the F-150 Lightning. Learn more about the 2022 F-150 Lightning here

Wondering which EVs are available in 2022? Here’s the full list, with pricing and wait times updated regularly.

Ford Mustang Mach-E Free Charging: Electrify America

Just like the F-150 Lightning, Mustang Mach-E drivers will get 250 kilowatt-hours of free charging at Electrify America. That’s enough to have about three or four free charging sessions on your first road trip. Here’s our review of the 2022 Mustang Mach-E, which by the way is one of the top-selling EVs in America (but still far behind Tesla).

Genesis GV60 Free Charging: Electrify America

The Genesis GV60 is the upscale sibling to my very own Hyundai IONIQ 5, but it comes with an even better charging incentive. Genesis GV60 buyers will get free 30-minute charging sessions for three years at Electrify America. 

Hyundai IONIQ 5: Electrify America

Hyundai IONIQ 5

Hyundai and Kia have raced towards the top of the EV sales charts since launching their twin electric crossovers (some would argue they’re oversized hatchbacks). The Hyundai IONIQ 5 comes with two years of unlimited 30-minute charging sessions at Electrify America’s 800 stations nationwide. Electrify America is growing quickly, so it’s likely there are more than a few EA chargers along your most frequented routes. 

I recently bought an all-wheel drive IONIQ 5 Limited, and I love it. Here’s how I bought one at MSRP (no markup!), plus all you ever wanted to know about the vehicle in this YAA review

Kia EV6: Electrify America

Kia decided to do things differently when setting up their partnership with Electrify America. EV6 owners 1,000 kilowatt-hours of free charging at Electrify America stations. The EA incentive expires after three years. With the efficiency of the Kia EV6, 1,000 kWh of free charging is likely to be good for about 3,500 miles of driving. Full review of the Kia EV6

Lucid Air Free Charging: Electrify America

Lucid Air

Lucid has EXTENDED their free charging partnership with Electrify America. Now, all Lucid customers who place their vehicle order before June 30, 2022 will get three years of free charging at Electrify America. Better get that wallet out! The Lucid Air starts at $77,400, however prices for top-level trims exceed $170,000. See the details here

Nissan Leaf Free Charging: EVgo

America’s first mass-market electric vehicle, the Nissan Leaf, is still a solid bargain in 2022.

(Check out the only cheap EVs available today

Drivers purchasing or leasing a new Nissan LEAF receive $250 EVgo charging credits, which could last you a while with the Leaf’s 150 to 226 mile range. Here are the details from EVgo. 

Nissan Ariya Free Charging: EVgo

The first 10,000 customers who reserved a 2023 Nissan Ariya by January 31, 2022 get a $500 credit for EVgo’s growing network of charging stations. If you’re just now thinking about buying an Ariya, it’s a bit too late. Still, the Ariya is looking to be one of the nicest Nissan’s ever. Is it worth the price tag? Here’s what we think.

EVgo charging network
EVgo charging locations and roaming partners

Polestar 2 Free Charging: Electrify America

The Polestar 2 has several advantages over its competitors: it’s available now, starts under 50 grand, and features a no-haggle direct-to-consumer price. Another benefit of the Polestar 2 is a free charging incentive. The Polestar 2 comes with two years of free 30-minute charging sessions at Electrify America stations. That could save drivers thousands of dollars, depending on how many road trips you take. 

Rivian Free Charging: Rivian Adventure Network

Although it’s fantastic that Rivian is building its own charging network (like Tesla did), it’s a bit of a letdown for Rivian buyers who hoped to get a free charging incentive at Electrify America. The map below is where Rivian plans to have Adventure Network chargers, NOT where they currently are. All buyers of the Rivian R1T electric truck and R1S electric full-sized SUV will get one year of free charging on the Rivian Adventure Network. 

Note: This map reflects Rivian’s plans for the future of the Adventure Network.

The upside? This charging network will be specializing in rural destinations like National Parks, National Forests and the like. That will be transformative for charging in America. 

Subaru Solterra: No Charging Incentive Yet

Despite announcing a ‘partnership’ with America’s third-largest charging network EVgo, there’s no free charging incentive for now. As mentioned above, EVgo has 800 public fast-charging locations and 1,200 Level 2 charging stalls spanning 68 metropolitan areas and 35 states.

Although we’re a Subaru household (prior to taking ownership of our new IONIQ 5), the Solterra EV’s range, charging speed and price are a real bummer. Here’s our full review of the 2023 Subaru Solterra. 

Tesla Free Charging? Not Anymore

Back in the early days of the Model S, Tesla did offer insanely good free charging incentives on its young Supercharger network. From 2012 to 2018, some Tesla vehicles had free charging for life. If you’re looking for free charging or generous federal EV incentives, you’ll have to shop elsewhere. 

Toyota bZ4X Free Charging: EVgo

Toyota bZ4X

The all-new Toyota bZ4X electric crossover takes an hour to charge (at a ‘fast’ charger), has merely okay range, and isn’t all that affordable, but at least you get one year of free charging at EVgo’s network of chargers. EVgo has 800 public fast-charging locations and 1,200 Level 2 charging stalls in 35 states. Here’s why we aren’t fans of the bZ4X. Just buy a RAV4 Prime! That’s probably what Toyota wants you to do anyway. 

Volkswagen ID.4 Free Charging: Electrify America

The ID.4 has one of the best free charging incentives available today. Although the 2021 model year’s offer of three years of UNLIMITED free charging has ended, the 2022 Volkswagen ID.4 includes three years of free 30-minute charging sessions at Electrify America stations. With the 2022 model’s quicker charging rate and improved charging curve, this should be enough for most sessions to be free. Rarely will ID.4 drivers need to stay plugged in for more than 30 minutes at a DC fast charger. Full review of the VW ID.4

Volvo Free Charging: Electrify America

Buyers of the C40 Recharge and XC40 Recharge get 250 kilowatt-hours of free charging at Electrify America. But that’s not all: Volvo is also enticing drivers with a year of free access to Electrify America’s Pass+ membership, which offers charging at a discounted rate. The Pass+ membership offers charging at about 30% lower rates than using the network as a guest, but membership normally costs $4 per month. 

YAA’s Take

Making the switch to an electric vehicle would be a no-brainer if they weren’t so darn expensive. It’s hard to find a cheap EV, but a few are out there. For many, free charging incentives are compelling enough to close the deal. Personally, I’ve saved a few hundred dollars in charging costs over the first few months of EV ownership by using my IONIQ 5’s Electrify America incentive. 

This begs the question: would you rather have faster charging times, or longer range? Does stopping for 15 minutes every 200 miles sound better than stopping for 45 minutes every 300? Let us know what you think the future of EV charging should look like. One thing is for sure, EVs are coming to roads near you.

Always know what your car is worth.Free YAA instant vehicle valuation.
  • Enter your vehicle details below (all fields required):

Electric Vehicle Savings: Here’s How Long It Takes to Break Even with $5 Gas Prices (Updated)

Electric Vehicle Savings: Here’s How Long It Takes to Break Even with $5 Gas Prices (Updated)

We hear it all the time: electric cars save you money. Electricity is cheaper than gas, EVs require less maintenance, and incentives abound. However, there’s no hiding the fact that electric vehicles are expensive, especially the models with the best range, performance and charge rates. To shed light on the reality of electric vehicle savings, we dug deep into the data. How long does it take to break even when buying an EV? We were surprised with what we found.

Five Examples of EVs Versus Combustion Competitors

Tesla Model Y Versus BMW X4

Tesla Model Y savings
The best-selling EV in America, the Tesla Model Y. Check out our full review.

The X4 is one of the most direct competitors to the 2022 Tesla Model Y, the best selling electric vehicle in America. Although Tesla models no longer qualify for the federal EV tax credit, the cost of the BMW X4 and high fuel consumption make this an interesting comparison.

ModelMSRPPrice DifferenceIncentivesFuel EconomyRangeTime to RefuelCost to Refuel ($5.00/gal or $0.14 per kWh)Annual Fuel Cost (15,000 miles)Average Annual Maintenance CostTime to Break Even
BMW X4 xDrive30i$51,800--24 MPG413 miles5 min$86.00$3123$228
Tesla Model Y Long Range$62,990+$11,190State and local only3.8 mi/kWh (125 MPGe)330 miles20 to 30 min$10.50$477$774 years

Ford F-150 Lightning Versus F-150 3.5 Liter 4WD

2022 Ford F-150 Lightning
F-150 Lightning electric truck (full review here)

Pickup trucks get the worst fuel economy. It’s just a matter of physics; the shape of a truck is not aerodynamic, and they’re often heavy. The F-150 Lightning weighs 35% more than the gas-powered F-150. So you would think that the time to break even would be shorter when buying an electric truck over the combustion equivalent.

This side-by-side comparison highlights the importance of price parity for EVs. When EVs are similarly priced to ICE vehicles, the cost of ownership savings are crystal clear. But what about when the electric version costs over $25,000 more out the door? Have a look for yourself. 

ModelMSRPPrice DifferenceIncentivesFuel EconomyRangeTime to RefuelCost to Refuel ($5.00/gal or $0.14 per kWh)Annual Fuel Cost (15,000 miles)Average Annual Maintenance CostTime to Break Even
Ford F-150 Platinum 4WD 3.5$62,070--20 MPG520 miles5 min$130.00$3750$228
Ford F-150 Lightning Platinum$90,874+$28,804Fed, state and local2.1 mi/kWh (70 MPGe)320 miles45 min$18.34$860$779.5 yrs (7 yrs with tax credit)

Toyota bZ4X Versus Toyota RAV4 Hybrid 

The 2023 Toyota bZ4X (full review here)

Toyota sells nearly half a million RAV4s every year. Will things change now that Toyota has launched its first fully-electric vehicle? The all-new bZ4X lacks the range and charging speed to compete with the best in 2022’s electric segment, but how does it stack up to the popular RAV4 hybrid? How long would it take to break even when paying a premium for the electric bZ4X?

ModelMSRPPrice DifferenceIncentivesFuel EconomyRangeTime to RefuelCost to Refuel ($5.00/gal or $0.14 per kWh)Annual Fuel Cost (15,000 miles)Average Annual Maintenance CostTime to Break Even
Toyota RAV4 XLE Hybrid$30,545--40 MPG580 miles5 min$72.50$1,875$228
Toyota bZ4X XLE FWD$42,000+$11,455Fed, state and local3.5 mi/kWh (119 MPGe)252 miles1 hour$10.19$606$778 years (2.7 yrs with tax credit)

Subaru Solterra Versus Subaru Forester

2023 Subaru Solterra
2023 Subaru Solterra EV (full review here)

Subaru’s first EV is built on the same electric platform as the new Toyota bZ4X. Subaru is known for being Earth-friendly, but is the new Solterra EV friendly to your wallet? With range and charging figures more akin to 2015’s standards than today’s best EVs, the Subaru Solterra is off-road capable, but a tough sell for those who truly venture off the beaten path. 

ModelMSRPPrice DifferenceIncentivesFuel EconomyRangeTime to RefuelCost to Refuel ($5.00/gal or $0.14 per kWh)Annual Fuel Cost (15,000 miles)Annual Maintenance CostTime to Break Even
Subaru Forester base$25,395--29 MPG481 miles5 min$83.00$2,588$228
Subaru Solterra Premium$46,220+$20,825Fed, state and local3.1 mi/kWh (104 MPGe)228 miles1 hour$9.97$677$7710 years (6.5 yrs with tax credit)

Hyundai IONIQ 5 Versus Hyundai Santa Fe

Charging 2022 IONIQ 5
2022 Hyundai IONIQ 5 EV (full review here)

The Hyundai IONIQ 5 won big at the 2022 World Car Awards, but is it a winner for your wallet? It all depends on how much you drive, and how long you plan to keep the vehicle. The Hyundai Santa Fe just received a total makeover, and its price remains much lower than the IONIQ 5’s. Still, EVs are super efficient and electricity is cheap. Just how long would it take to break even when buying an IONIQ 5 EV instead of the more affordable Santa Fe crossover?

Disclaimer: I own a Hyundai IONIQ 5 Limited AWD, and it’s awesome.

ModelMSRPPrice DifferenceIncentivesFuel EconomyRangeTime to RefuelCost to Refuel ($5.00/gal or $0.14 per kWh)Annual Fuel Cost (15,000 miles)Average Annual Maintenance CostTime to Break Even
Hyundai Santa Fe SEL$27,875--26 MPG489 miles5 min$94.00$2,883$228
Hyundai IONIQ 5 SEL RWD$45,900+$18,005Fed, state and local3.4 mi/kWh (114 MPGe)303 miles20 to 30 min$10.15$502$777 years (4.2 yrs with tax credit)

Electric Vehicle Savings: Other Factors to Consider

Kia EV6 bidirectional charging
2022 Kia EV6

Incentives

In many states and localities, thousands of dollars of additional incentives are available. Colorado, Connecticut, Delaware, Maryland and California are just some of the states with very generous EV incentives. State and local incentives can reduce the time to break even considerably. For example, in Delaware, buyers of the Hyundai IONIQ 5 will break even versus the Santa Fe in just 3.5 years with the federal EV tax credit and state rebates factored in. 

Conversely, for car buyers who can’t take advantage of the federal EV tax credit or any state incentives, it will take many more years to reap the full savings of switching to an electric vehicle. In the case of the new Ford F-150 Lightning, it could take up to 8 years to break even without any incentives, assuming 15,000 miles per year of driving. 

Check this out >>> The North Carolina Clean Energy Technology Center’s DSIRE database is the BEST one-stop resource for all EV incentives. Plus, you’ll see what solar power incentives are available in your area too.

Miles Driven

The difference between driving 10,000 miles per year and 20,000 miles per year is massive when it comes to realizing the savings of driving an EV. The average American driver travels about 14,000 miles per year in their vehicle. Simply put, long-distance commuters, frequent travelers and fleet operators will see the greatest cost savings of going electric. 

With the 2023 Ford F-150 Lightning, a driver who travels 15,000 miles per year and can take advantage of the full $7,500 federal EV tax credit should expect to break even versus a combustion F-150 in 7 years. However, if they drive 25,000 miles per year, the break even period narrows to just 4 years. After that, they will be saving roughly $4,000 every year in fuel and maintenance costs. Clearly, EVs make more sense as a long-term purchase. 

Maintenance

The maintenance figures included in this cost comparison is sourced from We Predict, a Michigan-based data analysis company. They dug deep into automotive maintenance data and found that during the first three years of vehicle ownership, the average annual maintenance for an electric vehicle is just $77. And based on personal experience, that’s likely for new tires (EVs are MUCH heavier). 

During the same period, combustion vehicles average $228 in annual maintenance, with most of the costs in the first few years going towards oil changes and the like. 

We may be underestimating the maintenance savings associated with going electric when comparing luxury brands. For example, BMW is notorious for costly maintenance. Opting for a Tesla Model Y over a BMW will likely result in even greater maintenance savings, and therefore a reduced break-even period. 

Gas Prices!

ev charging station

As of early June 2022, the average gas price in the United States is $4.87 per gallon. In California, it’s $6.34. Nevada, Hawaii, Washington, Oregon and Illinois all have gas prices much higher than the national average. In these states, EV drivers will see even greater fuel savings. 

Let’s take a closer look at an example of someone purchasing a Hyundai IONIQ 5 in California. We’ll assume that the consumer qualifies for the full $7,500 EV tax credit and the $2,500 state rebate for a zero-emissions vehicle. They drive 15,000 miles per year. At gas prices of $6.34 per gallon, the break even point for the IONIQ 5 versus the Hyundai Santa Fe arrives in just 2.5 years, versus 4 years for the rest of the nation. That figure includes the 59% higher residential electricity rates in California. 

YAA’s Take

What can we learn from this EV cost of ownership comparison? The specifics of your situation matter. 

  • What combustion vehicle are you considering in addition to an EV? 
  • What’s the fuel economy for each option? 
  • Do you qualify for the full federal EV tax credit?
  • Are there local or state incentives in your area? 
  • How many miles do you drive each year?
  • How long do you plan to keep the vehicle?

These are the most important questions to ask when deciding whether or not it makes sense to buy an EV in 2022. Have questions? Let us know in the comments, or better yet join the YAA family at joinyaa.com/community. You can also reach me at justin@joinyaa.com. We’d love to hear from you.

Always know what your car is worth.Free YAA instant vehicle valuation.
  • Enter your vehicle details below (all fields required):