2024 GMC Hummer EV Pickup vs. Rivian R1T

Gasoline Savings

Electric vehicles are less expensive to fuel than gasoline powered vehicles. The average person drives between 10,000 and 15,000 miles and spends between $1,700 and $2,500 on gasoline per year.

We’ve assumed a fuel economy of 20.0 miles per gallon for a comparable gasoline powered truck. We’ve also assumed the national average of $0.16 per kilowatt-hour for residential electricity (assumed for 100% of charging) and $3.30 per gallon for gasoline over the next three years. Tesla efficiency values are based on rivian R1T All-Wheel Drive.

Comparison gasoline vehicles are selected based on vehicle class, seating capacity and standard features. We use the EPA estimated range standard to compare efficiency data between our vehicles and a comparable gasoline alternative using each vehicle’s combined city/highway MPG and MPGe ratings. Actual range may vary based on factors such as speed, weather conditions and elevation change.

rivian R1T All-Wheel Drive consumption rating = 42.9 kWh/100mi
Comparison vehicle consumption rating = 20.0 mpg

References:

We used the most recent gasoline and electricity prices that were available to us through third-party resources on November 30, 2023.