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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.
This rapid growth in demand has been further amplified with the passage of the “Inflation Reduction Act” (IRA) in the Fall of 2022, which includes mechanisms to incentivize electric vehicle manufacturers and consumers to purchase electric vehicles (EVs) that source battery metals from domestic manufacturers.
A recent study from Technische Universität Dresden (TU Dresden) commissioned by the Greens/European Free Allianace (EFA) in the European Parliament concluded that the cars used within the EU-27 externalize up to about €373 billion (US$493 billion) per year (high estimate) of costs on to other people, other regions and other generations.
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. ”.
Highland will purchase buses manufactured in North Carolina by Thomas Built Buses, which will be supplied and serviced by American Bus. The project was awarded an $817,000 grant from Maryland Energy Association (MEA), which helps offset the purchasecost of vehicles that is critical at this early stage of mass deployment.
A new study published by US Department of Energy’s (DOE) Argonne National Laboratory offers the most complete understanding yet of the costs of owning and operating a vehicle, and how those costs vary by powertrain, from the conventional to the cutting-edge. United States: N. doi: 10.2172/1780970.
Among the early adopters who own an EV, 82% say they “definitely will” consider purchasing another in the future, according to the inaugural J.D. However, satisfaction with the current ownership experience is a key influencer for whether owners will purchase the same brand of EV again.
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.
Fossil fuels still receive most of the international government support provided to the energy sector despite their “well-known environmental and public health damage,” according to new research from Rice University’s Baker Institute for Public Policy. Costs ranged from a low of 0.3% Subsidies remained sticky outside the G20 as well.
Octillion Power Systems, a global provider of advanced lithium-ion storage systems for electric mobility ( earlier post ), announced a new demonstrator program for battery-leasing that allows batteries to be leased to fleet customers when they purchase vehicles. Access to the program will be on a first-come, first-served basis.
Due to a steady increase in availability of new models, expanded price mix within existing models and widening eligibility of federal and state incentives, acquisition cost is starting to fade as a hurdle to EV adoption, according to J.D. Likewise, the Bolt EUV has seen its total cost of ownership fall to $30,900. According to the J.D.
Fuel tankering in commercial aviation is the practice of overfueling with less expensive fuel purchased at one airport to avoid purchasing more expensive fuel at another—in other words, flying with extra fuel on board to save money. For the foreseeable future, SAFs are expected to cost substantially more than fossil jet fuel.
The NGDV program calls for the purchase of up to 165,000 new mail delivery trucks over the next decade. In February, the agency announced it had completed the environmental review for its Next Generation Delivery Vehicle program and was moving ahead with plans to start purchasing the new trucks. —Maxwell Woody, lead author.
A study by a team from the International Council on Clean Transportation (ICCT) shows that state electric vehicle incentives are playing a significant early role in reducing the effective cost of ownership and driving electric vehicle sales. Source: ICCT. Click to enlarge. —Jin et al. per year in recent years.
This is a landmark step in revitalizing our aging fleet and replacing expensive internal combustion engine vehicles with cutting-edge EV technology, all while reducing our dependence on oil and saving Indianapolis taxpayers thousands in fuel costs each year.
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 International Council on Clean Transportation (ICCT) has published a new white paper detailing the differences in the fiscal policies used to support electric vehicle sales across eleven major auto markets. Evaluation of total cost of ownership for Norway, France, and Germany. Source: ICCT. Click to enlarge. Source: ICCT.
The program commits city departments to the leasing of pure battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) to replace aging city vehicles, including those with conventional internal combustion engines. The change in vehicle procurement policy will: Cut operating costs of the vehicles by an estimated 41% ($0.21
City officials in Houston estimate that the city’s 27 Nissan LEAF electric vehicles will save the city $110,000 annually compared to internal combustion engine vehicles. found that the city’s LEAFs will cost 41% less to own and operate than gasoline-powered vehicles. Earlier post.). A similar study examining Loveland, Colo.
Broadly, the survey found that the majority of consumers’ in the world’s four largest automotive markets either identify themselves as potential first movers, or at least willing to consider purchasing an electric vehicle (China 93%, Europe 69%, US 54%, and Japan 48%). of GDP, and the reduction of carbon emissions by 17%. gallon US).
Electric passenger cars currently cost €4K to €5K (US$5,079 to $6,349) more to their owners than an equivalent fossil fuel car over the vehicle’s lifetime, according to the latest policy brief from the International Transport Forum (ITF), an intergovernmental organization with 54 member countries at the OECD.
Awards include (ranked by amount): PHL Taxi Management LLC —$900,000 – to purchase and deploy 50 new CNG taxis in Philadelphia that comply with the Americans with Disabilities Act, and to build a publicly accessible CNG fueling station in the city. International Battery Inc. Giant Eagle Inc. Waste Management of Pennsylvania Inc.
The San José, California, City Council approved the purchase of ten Proterra Catalyst E2 battery-electric transit buses and related charging infrastructure for use at the Norman Y. Mineta San José International Airport (SJC). This purchase marks Proterra’s first airport electric bus deployment in the San Francisco Bay Area.
Attaining environmental benefits and lower cost of ownership are driving more commercial fleets to electrify, according to a new study by UPS and GreenBiz. A lower total cost of ownership—factoring in both direct and indirect costs and savings over the life of the vehicle—is the second biggest driver, cited by 64% of respondents.
China has made progress with automotive energy-saving technologies over the past 10 years through implementing passenger car fuel consumption limits and the use of fiscal policy to encourage the purchase of small cars, the government statement noted. kW/kg, at a cost of 200 yuan/kW. International cooperation.
Researchers at Georgia Tech have compared medium-duty (MD) electric and diesel urban delivery trucks in terms of life-cycle energy consumption, greenhouse gas (GHG) emissions, and total cost of ownership (TCO). One surprise among their findings was that the electric truck had cost advantages over the diesel vehicle under some conditions.
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.
The Responsible Battery Coalition, in partnership with the University of Michigan Center for Sustainable Systems, launched a comprehensive research project to compare the total cost of ownership of gas and electric vehicles (EVs). Gregory Keoleian, Director of the Center for Sustainable Systems at the University of Michigan.
Those 10 factors are (in alphabetical order): accuracy of stated battery range; availability of public charging stations; battery range; cost of ownership; driving enjoyment; ease of charging at home; interior and exterior styling (new in 2022); safety and technology features (new); service experience (new); and vehicle quality and reliability.
The Electric Vehicles plan includes: Tax incentives for business to purchase electric vehicles Businesses can write off 100% of the cost of purchase against tax under the Accelerated Capital Allowance Scheme. The Government expects considerable international investment to emanate from this plan.
Alstom’s hydrogen technology has also been purchased by SNCF (France) and FNM (Italy). This agreement is aimed at optimizing hydrogen systems, including improving the reliability and durability of fuel cells, increasing their power density and reducing the cost of such solutions.
Cost of the vehicle, reliability and availability of charging stations are also key concerns many consumers have. Home charging stations may also impact purchase decisions. Half of consumers (51%) would be less likely to consider purchasing an electric vehicle if they would have to install special charging equipment for the batteries.
TMC and LCR have agreed to a purchase and sale agreementwhereby LCR has acquired a 2.0% Deepsea mining company TMC The Metals Company ( earlier post ) announced a strategic partnership with Low Carbon Royalties Inc. to finance the development and production of low-carbon fuels and energy transition metals.
Providing basic information on electric vehicles increases interest in the vehicles—the study showed 21% of consumers were more likely to purchase an electric vehicle after being educated about the facts on the vehicles. Only 30% of New Yorkers are knowledgeable about the specific benefits and limitations of electric vehicles.
“We have made strategic decisions and taken the tough actions to create advantages for Ford versus the competition in key areas like Ford Pro, international operations, software and next-generation electric vehicles. You can see Ford’s full Q3 earnings results here , or check out its press release for the quarter here.
This report attributes the downward trend primarily to the decrease in demand for transportation fuels associated with the record high costs of these fuels that occurred in 2008. Additionally, electricity demand declined in 2008 in part due to a significant increase in the cost of fuels used to generate electricity. Tg CO 2 Eq).
A new study from the Harvard Kennedy School’s Belfer Center for Science and International Affairs finds that reducing greenhouse gas emissions from transportation will be a much bigger challenge than many assume, and will require substantially higher fuel prices combined with more stringent regulations. Source: Morrow et al.
Consumers have been patiently waiting for the day more electric vehicles become competitive from an upfront purchase price point of view. Of course, from a Total Cost of Ownership perspective, electric cars have had an advantage over internal combustion engine […]
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 study gauges consumer consideration rates of these powertrain types for their next new vehicle purchase and explores specific perceived benefits and concerns that factor into the decision-making process. Without a tax credit to offset the price premium, consumers must absorb all of this additional cost. Diesel engine vehicles: 31%.
DeepRoute.ai , an international autonomous driving technology company, announced a leading-edge Robotaxi fleet comprising 30 SAIC Motor MARVEL R SUVs equipped with DeepRoute’s proprietary L4 Driver 2.0 will begin in 2024 and be available for consumer purchase afterward. DeepRoute.ai
Each month, the index will arrive at one number (on a 100-point scale) to make it easy to understand the progress to parity of EVs with traditional internal combustion engine (ICE) vehicles. This factor measures the potential commitment to purchasing an EV based on voice of the customer and online behavioral data. Availability.
At present, BEVs are sold as a complete purchase, purchase of vehicle and lease of battery, and combined lease of vehicle and battery. The costs of providing a low-speed leased BEV for local city use is far less than trying to replicate the current ownership model of all-purpose long-range ICE vehicle.
A coordinated government policy to encourage consumers to purchase these vehicles. Power said, more important are the personal financial implications of deciding to purchase an alternative-energy vehicle. Based on currently available information, J.D. Power concluded that none of these scenarios are likely during the next 10 years.
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