CBS News: For some electric vehicle owners, recharging now more costly than filling up

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Here's how much electricity prices have surged in parts of New England this winter: For some drivers of electric vehicles and hybrid cars, it's now more expensive to charge up than to fill up.

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Power 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, said 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%.

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"We have a Prius Prime that we normally drive around town, and we drive most of it on electricity. It's now 50% more expensive than fueling it with gas," he told CBS MoneyWatch.

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