They were promised there’d be no math.

“We systematically researched the entire industry — who buys cars, where they’re built, how much they cost, what segments they’re in and what consumers do with them,” said Patrick Anderson, the founder of Michigan-based Anderson Economic Group (AEG). “Our research shows that a lot of Americans have been given a false impression about EVs.”

In April, AEG released its annual report analyzing the real world costs of vehicle ownership, comparing EVs to gasoline-powered cars. The report concluded that traditional mid-priced 2021 cars have a cost advantage over mid-priced EVs after factoring in electricity costs, charging equipment costs, road taxes and “deadhead miles,” the distance consumers need to travel to remote charging stations.

EVs charged using residential and normal commercial charging methods cost about $0.50 more per 100 miles than comparable traditional vehicles, according to the report. EVs charged using more expensive commercial charging stations cost about $4 more per 100 miles.

“The first thing that a lot of potential electric vehicle owners need to be aware of is that they’re probably going to be paying both their home utility bills and the cost of charging at commercial chargers,” Anderson told FOX Business. “Failing to understand that a large number of miles that the typical American travels are away from home and require using a fueling station that’s not in their garage, would be a very costly mistake for a potential EV driver.”

Anderson added that AEG’s research showed 78% of electric vehicles are luxury vehicles and most EV purchasers also own traditional vehicles.

“A very large share of the electrical vehicles themselves are owned by affluent people and, often, wealthy people,” he said, arguing government subsidies for EVs mainly benefit the upper class.