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Analysis finds annual running cost of EVs less than ICE; but with purchase price factored in, it flips

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Self Financial, a fintech company, has compared the running costs of electric and non-electric vehicles in each state. Across the US the average annual cost of running an electric vehicle is $2,721.96, while gasoline vehicles cost an average of $3,355.90 per year to run—a difference of $633.94

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Researchers develop large-scale, economical method to extract hydrogen from oil sands and oil fields

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This can be used to power hydrogen-powered vehicles, which are already marketed in some countries, as well as to generate electricity. The researchers are presenting this work at the Goldschmidt Geochemistry Conference in Barcelona this week. This means it potentially costs a fraction of gasoline for equivalent output.

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Bosch study highlights potential of e-fuels to reduce CO2 emissions

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If the climate targets set by the Paris conference are to be achieved, CO 2 emissions from traffic worldwide will have to be reduced 50% over the next four decades, and by at least 85% in the advanced economies, Bosch notes. Even if all cars were to drive electrically one day, aircraft, ships, and even trucks will still run mainly on fuel.

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BMW Group plans > €30B on future-oriented technologies up to 2025; all-electric 7 Series model coming

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The BMW Group plans to invest more than €30 billion up to 2025 in research and development to underscore its position as an innovation leader, said Oliver Zipse, Chairman of the Board of Management of BMW AG, at the company’s Annual Accounts Press Conference in Munich. This also expresses our confidence for the future business development.

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UK AA president says millions of second cars could be electric

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At last week’s Low Carbon Vehicle Partnership conference in the UK—prior to the Battersea Formula E Grand Prix run over the weekend—Edmund King, the UK AA’s (Automobile Association) president argued that millions of second cars in households could relatively easily be electric vehicles. AA also presented estimates that 2.5

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U of Michigan Study Finds Costs of Plug-in Cars Primary Key to Broad Consumer Acceptance

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A newly released University of Michigan study found widespread consumer interest in buying plug-in hybrid electric vehicles; however, the cost of the cars is much more influential than environmental and other non-economic factors as a predictor of purchase probabilities. Source: Curtin et al. 2009) Click to enlarge.

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Big Oil Betting On Electric Vehicles

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Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA’s chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030. One barrier is the cost of owning an electric vehicle versus a cheaper, comparable gasoline-engine vehicle.

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