The cost to drive an internal combustion engine vehicle 100 miles in the U.S. fell below the cost to charge a comparable electric vehicle for the first time in 18 months, a new report from a Michigan think tank says.

An analysis of late-2022 fueling costs by the Anderson Economic Group says midpriced ICE drivers are paying about $11.29 for 100 miles of driving, an average of 31 cents less than midpriced EV drivers who charge at home.