article thumbnail

Argonne study finds BEVs can have lowest scheduled maintenance costs, but highest cost of driving

Green Car Congress

Researchers at Argonne National Laboratory, with colleagues from Lawrence Berkeley, Oak Ridge, and National Renewable Energy labs, and the University of Tennessee, have published a comprehensive analysis of the total cost of ownership (TCO) for 12 sizes of vehicles ranging from compact sedans up to Class 8 tractors with sleeper cabs.

article thumbnail

Study: Tesla leads with lowest ownership cost, beats Toyota

Green Car Reports

As part of its 2023 Annual Auto Surveys, Consumer Reports asked owners how much they paid out of pocket for maintenance costs like oil changes over the previous 12 months. Teslas are less expensive to maintain than other car brands, including some with strong reputations for reliability, according to Consumer Reports.

Toyota 200
article thumbnail

DOE estimates EV battery pack costs in 2022 nearly 90% lower than in 2008

Green Car Congress

The Department of Energy’s (DOE’s) Vehicle Technologies Office estimates the cost of an electric vehicle lithium-ion battery pack declined 89% between 2008 and 2022 (using 2022 constant dollars). The decline in cost is due to improvements in battery technologies and chemistries, and an increase in manufacturing volume. Source: DOE.

2008 475
article thumbnail

Half of 2024 EVs have lower 5-year ownership cost vs. ICE

Green Car Reports

Many EVs have a lower five-year cost of ownership than comparable gasoline models, according an annual roundup from Vincentric, a source for ownership cost calculations for websites and automakers.

Financing 176
article thumbnail

California’s Exploding Rooftop Solar Cost Shift

Energy Institute at HAAS

There’s a lot of anger in California right now about rising electricity … Continue Reading California’s Exploding Rooftop Solar Cost Shift In 2024, residential PV will shift nearly $4 billion onto others’ bills, more than double the 2020 amount.

Solar 145
article thumbnail

Survey: Local governments see EV charging as costly, lower-priority

Green Car Reports

More local governments across Michigan see EV charging as a relevant issue, but the number is still fairly low, according to a new University of Michigan survey, and those interested in EV charging see cost as a barrier.

Charging 126
article thumbnail

How Much Does A Lucid Cost?

InsideEVs

The electric Air sedan costs $71,400 for 2024, and the Gravity SUV will cost around $80,000.

SUV 112