Is It a Better Deal To Rent an Electric Car on Vacation?
Written by
Heather Altamirano
Edited by
Maria Concepcion
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Summer travel season is here and whether you’re road-tripping or flying cross-country, chances are you’ll need a car. 82% of Americans plan on taking at least one trip in 2024, according to a new study from The Vacationer, and 32% of travelers will rent a car per YouGov. With the national average gas price of $3.53 a gallon, booking an electronic vehicle (EV) might be cheaper, but Americans still prefer gas cars. Here’s why.
The Cost of Renting an EV
The price of renting an EV depends on make and model, but “electric cars typically cost more to rent upfront,” according to AAA. However, if you’re a AAA member, you can save up to 20% on renting EVs through Hertz.
While you don’t need to worry about filing up on gas, you will have to charge.
“You can expect to pay around $0.05 per mile to charge your EV compared to $0.13 per mile to fuel your gas-powered car,” according to EnergySage. However, the charging cost depends on location, your EV battery and electricity source.
The Cost of Renting a Gas Car
In the rental car market, there are often more budget-friendly options with lower daily rates for gas cars, which is an important factor for many travelers. But, the price of gas is something to consider.
“You’ll pay more for gas if your car is less efficient (meaning it travels a shorter distance per gallon of gas) and if you’re driving more in the city than on highways,” per EnergySage.
Americans Prefer to Rent Gas Cars Over EVs
EVs might be more cost-effective to rent, but more people prefer gas cars for several reasons, according to YouGov.
- More than three in five Americans (62%) would rather rent a gas car because of the comfort and familiarity.
- 59% choose gas cars over EVs because of the lack of charging stations and range anxiety.
- An additional third (31%) prefer a gas car due to lower rental costs.
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