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

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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 mile. per year to run—a difference of $633.94

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

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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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UPS plans to purchase 1,000 propane-fueled package delivery trucks, install fueling stations; $70M investment

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UPS plans to purchase 1,000 propane package delivery trucks and install an initial 50 fueling stations at UPS locations. The propane fleet will replace gasoline- and diesel-fueled vehicles used largely in rural areas in Louisiana and Oklahoma with other states pending. —David Abney, UPS chief operating officer.

Purchase 291
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IHS Markit: vehicle miles traveled to increase 65% in key markets by 2040, while vehicle sales slow

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In a new study, IHS Markit forecasts that vehicle miles traveled (VMT) will by 2040 grow to an all-time high of around 11 billion miles per year (a 65% increase since 2017) in China, Europe, India and the United States—the key markets examined for the study—and will keep growing. Click to enlarge.

Sale 150
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LA Metro to purchase up to 25 new BYD electric buses as part of $30M pilot project

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The Los Angeles County Metropolitan Transportation Authority (Metro) Board of Directors approved a contract with BYD Motors for the manufacture and delivery of up to 25 new all-electric buses as part of a $30-million clean air bus technology pilot project. Electric (Battery) Heavy-duty'

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Gov’t, industry, national labs collaborate on comprehensive cradle-to-grave LCA study and economic assessment of LDV GHG reductions

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Numerous LCA tools have been used to evaluate the GHG emissions associated with various vehicle-fuel technologies, including fossil fuels, biofuels, hydrogen fuel cell electric vehicles (FCEVs), hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVS), and battery electric vehicles (BEVs).

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Deloitte Survey finds only 4% of global consumers likely to be satisfied with current EVs despite increasing consideration and willingness to buy; higher ICE fuel economy reduces interest in EVs

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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. Vehicle range is clearly an issue among consumers.