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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
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.
Expressed interest in PHEV40 purchases. According to a new survey from Pike Research, 48% of prospective US consumers would be “extremely” or “very” interested in purchasing a PHEV with a 40-mile range on a single charge (PHEV40), given electricity cost equivalent of $0.75 Click to enlarge. Click to enlarge.
A team from the National Renewable Energy Laboratory (NREL) and the Idaho National Laboratory has produced a detailed assessment of the current levelized cost of light-duty electric-vehicle charging (LCOC) in the United States, considering when, where, and how EVs are charged. kWh); however, costs vary considerably (e.g., from $0.08/kWh
Now, researchers at Imperial College London have shown that bioethanol production from bamboo in China is both technically and economically feasible, as well as cost-competitive with gasoline. The economic analysis found that the lowest enzyme loading had the most commercially viable scenario (production cost of $0.484 per liter (US$1.83/gallon
Based on an analysis of various cost of ownership scenarios for various drivetrains, including internal combustion engine (ICE) gasoline and diesel; hybrid (HEV); battery-electric (EV); plug-in hybrid electric (PHEV); and fuel cell vehicles, Lux Research concludes that fuel cell vehicles (FCVs) are “ solidly in a laggard position. ”.
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”.
In a study published in the journal Energy Economics , MIT researchers have found that a fuel economy standard is at least six to fourteen times less cost effective than a fuel tax when targeting an identical reduction in cumulative gasoline use (20% by 2050).
Shell has developed a lead-free replacement for aviation gasoline (Avgas 100 and 100LL); the replacement fuel will now begin a strict regulatory approvals process. Leaded gasoline for automobiles was phased out of use in the US by 1995 due to its environmental and health impact.) Shell is the first major oil company to do so.
port fuel injected (PFI) gasoline—during periods of higher fuel costs. For trucks, they also found that the diesel versions retained a greater value than the gasoline versions. It’s been generally known that diesel vehicles typically post lower operating costs because of their increased fuel economy.
Tax credits and gasoline prices necessary for various electric vehicles to be cost-competitive with conventional vehicles at 2011 vehicle prices. That finding takes into account both the higher purchase price of an electric vehicle and the lower fuel costs over the vehicle’s life. Source: CBO. Click to enlarge.
Michelin and Siemens, in cooperation with research partners at Karlsruhe Institute of Technology (KIT) and the Fraunhofer Institute for Systems and Innovation Research ISI, are launching a project to demonstrate that the total cost of electric vehicles can be less than that of a conventional combustion-engined car.
This analysis compares the costs of usable energy when we buy gasoline and electricity for driving and natural gas for keeping warm. Gasoline-powered vehicles. Combustion of a gallon of gasoline (that includes ethanol) releases 120,333 Btu of energy. The average residential cost of electricity in 2018 was $12.87
Electric vehicle technology is rapidly improving with battery, charging and smart grid advances that allow us to specify our delivery vehicles to eliminate emissions, noise and dependence on diesel and gasoline. The all electric trucks will deliver by day and re-charge overnight. in 2016.
Probabilities at different price points for at lest some chance of purchase. Distribution of purchase probabilities at different price points. The purpose of this study was to examine the conditions under which consumers would purchase a PHEV. 14% said there was a chance of purchase at $10,000 more. Source: Curtin et al.
In a companion study to an SAE paper presented in April ( earlier post ), researchers at MIT have quantified the net economic and CO 2 emissions benefit that could be obtained by utilizing 98 RON gasoline in light-duty vehicles, based on reasonable assumptions for possible refinery changes and the evolution of the LDV fleet. billion in 2040.
The Texas Commission on Environmental Quality (TCEQ) announced that $18 million in grants are available to eligible businesses, governmental entities, school districts, and individuals to replace older medium-duty or heavy-duty gasoline or diesel vehicles with natural gas vehicles or repower the vehicles with natural gas engines.
The analysis updates EPRI’s 2004 EPRI assessment, which estimated the cost of implementing a smart grid at $165 billion. Mark McGranaghan, EPRI vice president of Power Delivery and Utilization, says the increased costs of the current analysis reflect a more advanced and expansive vision for the smart grid.
In its analysis of the potential environmental impacts of the Next Generation Delivery Vehicle program, the Postal Service underestimated the expected greenhouse gas emissions from gasoline-powered vehicles and overestimated the emissions tied to battery-electric vehicles, according to U-M researchers. —Maxwell Woody, lead author.
GlobalData’s analysis suggests that low oil prices will lead to a longer waits for the reduced fuel costs offered by electric vehicles (EVs) to amortize their higher purchase prices. However, the amount of time taken to make up that price differential depends on the cost of fuel.
The Gen 4 model achieves 61 MPGe on certified dyno testing, compared to 13 MPG for the gasoline version. Lightning eMotors offers comprehensive leasing plans, which allow fleets to see total-cost-of-ownership savings from lower energy and maintenance costs, starting on day one of the lease.
points to a potential production cost as low as $2.28/gallon Liter) for gasoline or diesel using a blend of algae and waste feedstocks, using the latest growth, harvesting and fuel conversion technologies from OriginOil and other innovators. per gallon for gasoline or diesel. This cost roughly doubles to $5.44/gallon
Owning a plug-in electric vehicle today will save consumers thousands of dollars compared to owning a gas-powered vehicle, according to a new analysis by Consumer Reports comparing electrics to CR’s top-rated vehicles, as well as the best-selling, most efficient, and best-performing gasoline-powered vehicles on the market.
From October 2007 to April 2009, the average fuel economy of purchased new light-duty vehicles improved from 20.2 Michael Sivak and Brandon Schoettle also found that while there was a significant negative relationship between the unemployment rate and the number of vehicles purchased, the price of gasoline did not have a major impact.
Additionally, to unlock maximum savings for the City, Vision Fleet will utilize its comprehensive suite of technology, data analytics, and operational support designed specifically for reducing the cost of ownership of alternatively fueled vehicles.
The President also announced a new research Clean Energy Grand Challenge—EV Everywhere—to make electric-powered vehicles as affordable and convenient as gasoline-powered vehicles for the average American family within a decade.
notes that those results assume that bioelectricity generation displaces gasoline. Instead, they argue, under existing institutional and technical arrangements, bioelectricity production does not cause a reduction in gasoline use. A 2009 life cycle analysis by Campbell et al. Earlier post.) Background: Two Styles of LCA.
found that the city’s LEAFs will cost 41% less to own and operate than gasoline-powered vehicles. Houston first began using electric vehicles for the environmental benefits they offer, but now we are planning to add even more EVs to our fleet because of the cost savings they bring. A similar study examining Loveland, Colo.
On the other hand, gasoline, CNG and LPG powered vehicles pay for road use through fuel excise duty charged directly on the fuel they use. While diesel-powered vehicles offer fuel economy benefits over gasoline-powered vehicles, the government notes, diesel technology is already well established.
Costs ranged from a low of 0.3% of GDP in China to nearly 6% of GDP in Saudi Arabia, where, despite two cycles of price hikes, 60% of the cost of energy products and services continued to be borne by the state. Subsidies remained sticky outside the G20 as well. Source: Baker Institute.
WattPeople , a venture of THE FUNK HAUS, introduced a new interactive web application at SXSW Eco to help consumers assess the financial impact of the “SolarEV Bundle” concept, an integrated transaction in which consumers purchase a solar power system and an electric vehicle.
mpg) and the newly purchased vehicles (25.0), they calculated that the program cut gasoline consumption by some 280 gallons per year per vehicle. Using an estimated cost of $0.71 per gallon for CO 2 and criteria pollutant costs (Jason Hill et al. Abrams, Burton A. and Parsons, George R. 2009) Is CARS a Clunker?
However, the technologies would also increase vehicle purchasecosts for consumers, sometimes by as much as several thousand dollars. Replacing spark-ignition engines with diesel engines and components would yield fuel savings of about 37% at an added cost of approximately $5,900 per vehicle.
The Pennsylvania Department of Environmental Protection (DEP) began accepting applications 1 December for its Natural Gas Vehicle Grant program, which will provide up to $20 milli on over the next three years to help pay for the incremental purchase and conversion costs of heavy-duty natural gas fleet vehicles.
A team from Northwestern University, with colleagues from UOP LLC, a Honeywell Company; Universita’ degli Studi di Roma “La Sapienza”; Argonne National Laboratory; and Ames Laboratory has developed a new hydrogenation catalyst that is highly selective for benzene, an aromatic—and known carcinogen—that is part of conventional gasoline.
A recent discussion paper published by the Belfer Center for Science and International Affairs, Harvard Kennedy School, concludes that significant penetration of electric cars into the US marketplace will only occur if the vehicles are competitive with conventional vehicles, not only on a cost basis, but also on an attribute basis.
Customer interest is growing quickly in Con Edison’s PowerReady program, which offers incentives covering up to 100% of the infrastructure costs of installing new chargers. As its gasoline-powered vehicles are retired, the company plans to reach 80% electrification of its light-duty fleet by 2030 and 100% by 2035.
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. Source: BCG. Click to enlarge.
program is paying nearly 10 times the projected price of carbon credits per ton in the best-case scenario, according to an analysis of the implied cost of carbon dioxide reductions under the program by UC Davis transportation economist Christopher Knittel. A gallon of gasoline creates roughly 20 pounds of carbon dioxide when combusted.
However, they do come with their own set of limitations that you should be aware of before making the purchase. In this post, we will go over some of the things you should keep in mind before purchasing an electric vehicle. The initial purchase price is higher for EVs. Even affordable EVs like the Mini Cooper cost more up front.
However, the cost of CO 2 reduced was comparable or lower than that achieved through less cost-effective policies such as the tax subsidy for electric vehicles, the analysis concluded. billion in vouchers; NHTSA concluded that the new vehicles purchased under the program averaged 24.9 miles per gallon (9.4 million, or 0.7
Consumers’ expectations around the performance and purchase price of electric vehicles are so divergent from the actual offerings available today, that no more than 2–4% of consumers worldwide would have their expectations met, according to a new survey from Deloitte. range, convenience to charge and purchase price of the vehicle.
In many cases, it will include the cost of home installation. To encourage consumer purchases of electric vehicles, federal grants and other funds have been awarded to install more than 15,000 home charge stations. For the first 40 miles, Volt is powered by pure electricity, without using gasoline or producing tailpipe emissions.
By contrast, those in the wealthiest car-owning households are spending around 12% of their disposable incomes on purchasing and operating a car. Of a total weekly expenditure of £167 (US$250), those in the poorest car-owning households see £44 (US$66) go on vehicle-related purchasing and operating costs. p/liter (US$7.54/gallon
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