Remove Alternative Fuels Remove Comparison Remove Cost Of Remove Purchase
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

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

Feature: Are Eco-Friendly Cars Expensive to Own?

Clean Fleet Report

A study conducted by a team at the Massachusetts Institute of Technology (MIT) compared the lifetime costs of owning a gas-powered vehicle versus that of owning an eco-friendly vehicle. Hybrids and EVs can cost you less. Average Monthly Costs of Hybrid, Electric, and Gas-Powered Cars. Costs of Charging vs. Fueling.

article thumbnail

Two case studies outline how Houston and Loveland are saving money with EVs in their fleets

Green Car Congress

Its efforts to incorporate alternative fuel vehicles (AFVs) into its fleet began in 2002 with an initial purchase of hybrid electric vehicles (HEVs), mainly the Toyota Prius and Ford Escape hybrid. Each of these vehicles are estimated to save the city $7,000 in fuel and maintenance over a three-year period.

Houston 312
article thumbnail

BCG study finds conventional automotive technologies have high CO2 reduction potential at lower cost; stiff competition for electric cars

Green Car Congress

BCG comparison of the CO 2 reduction potential and cost of different technologies. In addition, the cost to the consumer would be about $50 to $60 per percent CO 2 reduction—roughly half the cost of what was expected three years ago. Source: BCG. Click to enlarge. The consumer.

CO2 246
article thumbnail

5 Best Electric Car Insurance Tips for Millennials

Clean Fleet Report

The national average for electric car insurance cost is $2,280 per year. The high cost of electric car insurance can be attributed that the fact that an electric car is often more expensive than its gas-powered counterpart. Compare them side-by-side to evaluate the benefits versus the cost of the insurance. Look for Incentives.

article thumbnail

Naysayer Alert – the hydrogen red herring

My Electric Car

For this reason the anodes of fuel cells need platinum to prevent rapid degradation. The cost of platinum makes hydrogen fuel cells an expensive proposition even in comparison to lithium-ion batteries. Hence, hydrogen fuel cell vehicles are intrinsically more expensive than pure battery-electric cars. .