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

Green Car Congress

However, these annual costs don’t take into account the purchase cost of the vehicle itself and are purely the ‘running’ costs annually. When the purchase cost of each type of vehicle is factored in, average gasoline vehicles are $1,454 per year cheaper to run.

Purchase 321
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Argonne study finds BEVs can have lowest scheduled maintenance costs, but highest cost of driving

Green Car Congress

The study considers five different powertrains (internal combustion engine, hybrid-electric, plug-in hybrid-electric, fuel-cell-electric, and battery-electric) and 12 cost components (purchase cost, depreciation, financing, fuel, insurance, maintenance, repair, taxes, registration fees, tolls and parking, payload capacity and labor).

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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
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EEA: Fuel efficiency improvements of new cars in Europe slowed in 2016

Green Car Congress

of new sales, followed by gasoline vehicles (47%), and alternatively fueled vehicles (3.3%, including electric vehicles). Changes to the level of subsidies and tax incentives available for new vehicle owners changed in 2016 in both countries, directly contributing to lower shares.

2016 170
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5 Best Electric Car Insurance Tips for Millennials

Clean Fleet Report

Some companies are offering what is known as a green car discount or alternative fuel discount for those who own electric vehicles. Depending on where you live, there can be programs that encourage the purchase and use of electric vehicles by extending tax credits and rebates , among other benefits.

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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. Assuming the China government remains committed to EVs, BCG expects that these vehicles will represent 7% of new vehicle sales in 2020, supported by car buyers’ enthusiasm for the technology and the country’s high gasoline taxes. Source: BCG.

CO2 246
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Major study concludes achieving EU 2050 transport decarbonization goals will require portfolio of advanced powertrains; fuel cells, battery-electric and plug-in hybrids

Green Car Congress

billion worldwide—by 2050, this may not be achievable through improvements to the traditional internal combustion engine or alternative fuels: the traditional combustion engine is expected to improve by 30%, so achieving full decarbonisation is not possible through efficiency alone.

Plug-in 244