article thumbnail

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

Green Car Congress

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

Purchase 321
article thumbnail

EIA expects significant increases in US wholesale electricity prices this summer

Green Car Congress

The US Energy Information Administration (EIA) forecasts that prices in US wholesale electricity markets this summer will significantly increase over last summer’s prices. EIA forecasts summer electricity prices will average $98/MWh in California’s CAISO market and $90/MWh in the ERCOT market in Texas. MMBtu in May 2021.

Price 476
article thumbnail

High cost of coal and natural gas could make EVs, US grid cleaner this summer

Green Car Reports

Anticipated price hikes for coal and natural gas could lead to increase use of renewable energy in electricity generation, making both the grid and EVs cleaner, according to new United States Energy Information Administration (EIA) analysis.

Cleaner 130
article thumbnail

IEA: global CO2 emissions rebounded to their highest level in history in 2021; largely driven by China

Green Car Congress

The recovery of energy demand in 2021 was compounded by adverse weather and energy market conditions—notably the spikes in natural gas prices—which led to more coal being burned despite renewable power generation registering its largest growth to date. CO 2 emissions from natural gas rebounded well above their 2019 levels to 7.5

Emissions 370
article thumbnail

Ironic Today Show segment explains tips for gas mileage while anchor sits in electric vehicle

Teslarati

The Today Show released a helpful segment during this morning’s broadcast, showing tips on how consumers can increase gas mileage as prices at the gas pump are reaching record levels. The only problem is NBC showed these tips on an all-electric Ford Mustang Mach-E. A week ago, it was $3.61, and a year ago, it was $2.77.

article thumbnail

EIA: US electricity generation from coal and natural gas both increased with summer heat

Green Car Congress

In August 2012, coal produced 39% of US electricity, up from a low of 32% in April 2012, when the natural gas share of generation equaled that of coal. Chart includes generation from the electric power sector only, excluding commercial and industrial generators. Source: EIA. Click to enlarge.

Coal 236
article thumbnail

US DRIVE releases comprehensive cradle-to-grave analysis of light-duty vehicle GHGs, cost of driving and cost of avoided GHGs

Green Car Congress

The US DRIVE Cradle-to-Grave Working Group has published the “Cradle-to-Grave Lifecycle Analysis of US Light-Duty Vehicle-Fuel Pathways: A Greenhouse Gas Emissions and Economic Assessment of Current (2015) and Future (2025–2030) Technologies” Argonne National Lab Report. Levelized cost of driving (LCD). no scenario analysis.

Cost Of 150