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EPRI: lifetime cost of ownership of plug-ins is roughly comparable with conventional vehicles

Green Car Congress

Consumers who purchase an electric vehicle will find that lifetime costs to own the vehicle are competitive with conventional and hybrid vehicles, according to an analysis conducted by the Electric Power Research Institute (EPRI). —“Total Cost of Ownership for Current Plug-in Electric Vehicles”.

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Study: even with high LDV electrification, low-carbon biofuels will be necessary to meet 80% GHG reduction target; “daunting” policy implications

Green Car Congress

The same highly electrified scenarios, however, could not satisfy 80% GHG-reduction targets, even assuming 80% decarbonized electricity and no growth in travel demand. The researchers also considered intermediate (20% electric-powered miles) electrification—halfway between the high and low.

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The 80-20 Rule

Plug In Partners

Take care of that 20% with a small, efficient gasoline engine that runs at its optimum speed. However, 70% of vehicles can apparently be fueled with no increase of electrical capacity. The reduction in emissions results from electric operation being much more efficient than gasoline operation. 2) The U.S. 2) The U.S.

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Plug-In Hybrids (or Plugin Hybrids)

Tony Karrer Delicious EVdriven

But when you do, your car essentially becomes an electric vehicle with a gas-tank backup. Lifetime service costs are lower for a vehicle that is mainly electric. Scientist have confirmed that unlike gasoline cars, plug-ins will get cleaner as they get older -- because our power grid is getting cleaner.

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CalCars and PHEVs Frequently Asked Questions

Tony Karrer Delicious EVdriven

Despite this, a 2003 EPRI study , assuming only $2/gallon gas , zero buying incentives, and a PHEV premium of $3-$5,000 more than standard hybrids, shows that the total lifetime cost of ownership for a PHEV will be lower than that of any other vehicle type -- so the payback will be there. Power and Associates 2004 report ].

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