Electric cars run purely on electricity, with no gasoline, no engine, and no fumes. They offer numerous advantages if you&#;re shopping for your next vehicle. The benefits of EVs are many &#; but they break down into three major categories. First, they can help save you money. Second, they can help you do your part for the environment. Finally, they offer an excellent driving experience.
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Let&#;s take a look at these benefits in more detail.
Depending on how much you drive, electric cars could potentially help you save hundreds of dollars a month just in fuel costs. If you are able to charge your EV at home, for every given mile of driving, the cost to recharge with electricity will be a fraction of what the same mile would cost in gasoline. The costs to charge an EV at a public charger will vary based on charging speed, location, and other variables.
Depending on how much you drive, the accumulated savings in fuel costs could have a significant impact on your household budget. If, like most EV owners, you will charge at home most of the time, many utility providers even offer EV drivers lower rates during off-peak hours.
Lower maintenance costs are another attraction. Thanks to the simplicity of their drivetrains, electric cars have fewer moving parts than gasoline vehicles &#; there are no oil changes, no transmission rebuilds, and regenerative braking means that wear and tear on the braking system is reduced as well.
While the technology in EVs comes at a price &#; they generally have higher suggested retail prices than most gasoline vehicles &#; most electric cars are eligible for financial incentives from federal, regional, and even local governments that can lower their total cost of ownership. The biggest is the federal incentive, which offers up to $7,500 off the MSRP of eligible vehicles, and which can now be claimed by your dealer at the time of purchase. Some utility companies and other agencies also offer incentives to EV buyers.
The transportation sector continues to a significant source of pollution and greenhouse gas emissions &#; and electric cars can help tackle the climate change problem, and contribute to better air quality.
Simulations have shown that widespread EV adoption would aid in limiting global warming by at least two degrees Celsius, which would help meet one target of the Paris Agreement. Nine countries, including the U.S., have announced their intent to restrict or ban the use of all internal combustion engines and reduce national tailpipe emissions to zero at some time in the future.
Zero emissions &#; no stinky fumes &#; makes going electric feel good. But we also need to look at well-to-wheel emissions &#; all of the emissions related to the production, processing, distribution and use of electricity. Most electric power plants produce emissions, and there are additional emissions associated with every step of the energy production cycle. On this basis, electric cars emit an average of 4,100 lbs. of carbon dioxide (CO2) equivalent each year &#; while traditional gasoline vehicles emit an average of 11,435 lbs. of CO2 equivalent each year. So, well-to-wheel, electric cars produce less than half the emissions of gasoline vehicles.
The best way to maximize the environmental benefits of an electric car and minimize its associated emissions is by sourcing your electricity from renewable energy. If you are planning to purchase an electric car and want to lower your total emissions, consider asking your local power utility or community choice aggregation (CCA) about special programs or offers. You could also consider installing solar panels.
You won&#;t sacrifice performance by going electric &#; quite the opposite, in fact. EVs are smoother and quieter than gasoline vehicles, and offer impressive acceleration and speed. Unlike gasoline engines, electric motors deliver peak torque instantaneously &#; there&#;s no waiting for revs to build or for the transmission to shift.
Indeed, J.D. Power recently conducted its second-annual consumer satisfaction survey focused on electric vehicles. Its Electric Vehicle Experience (EVX) Ownership Study surveyed over 8,000 owners of electric vehicles. Overall, it found that making the electric car &#;leap of faith&#; proved highly satisfactory for the majority of electric vehicle owners, and that drivers would not go back to gasoline.
Electric vehicles might have a higher upfront price tag (tax credits and incentives may offset this), but the savings come in over the longer term with lowered maintenance and zero gasoline costs. You might spend a bit more upfront, or on monthly lease payments, but if you drive enough, the savings will come back to you over time.
Indeed, according to energy.gov, on average it costs about half as much to drive an electric vehicle when just taking into consideration energy costs (gas vs. electricity). When you factor in reduced maintenance costs as well, the savings could potentially be even greater.
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And you get all of these benefits while experiencing an amazing driving experience &#; and producing no tailpipe emissions.
All forms of electric vehicles (EVs) can help improve fuel economy, lower fuel costs, and reduce emissions.
The United States became a net exporter of petroleum in with exports surpassing imports, although imports of 8.32 million barrels per day in remained an important part of balancing supply and demand for domestic and international markets. Overall, the transportation sector accounts for approximately 30% of total U.S. energy needs and 70% of U.S. petroleum consumption. Using more energy efficient vehicles like hybrid and electric vehicles supports the U.S. economy and helps diversify the U.S. transportation fleet. The multiple fuel sources used to generate electricity results in a more secure energy source for the electrified portion of the transportation sector. All of this adds to our nation&#;s energy security.
Hybrid electric vehicles (HEVs) typically use less fuel than similar conventional vehicles because they employ electric-drive technologies to boost vehicle efficiency through regenerative braking&#;recapturing energy otherwise lost during braking. Plug-in hybrid electric vehicles (PHEVs) and all-electric vehicles, also referred to as battery electric vehicles (BEVs), are both capable of being powered solely by electricity, which is produced in the United States from natural gas, coal, nuclear energy, wind energy, hydropower, and solar energy.
Although energy costs for EVs are generally lower than for similar conventional vehicles, purchase prices can be significantly higher. Prices are likely to equalize with conventional vehicles, as production volumes increase and battery technologies continue to mature. Also, initial costs can be offset by fuel cost savings, federal tax credits, and state and utility incentives. The federal Clean Vehicle Tax Credits are available are available to consumers, fleets, businesses, and tax-exempt entities investing in new, used, and commercial clean vehicles&#;including all-electric vehicles, PHEVs, fuel cell EVs&#;and EV charging infrastructure. Some states and electric utilities also offer incentives, many of which can be found in the Laws and Incentives database. For more information on available incentives, connect with your local Clean Cities and Communities coalition.
Use the Vehicle Cost Calculator to compare lifetime ownership costs of individual models of electric vehicles and conventional vehicles.
Electric vehicles can reduce fuel costs dramatically because of the high efficiency of electric-drive components. Because all-electric vehicles and PHEVs rely in whole or part on electric power, their fuel economy is measured differently than that of conventional vehicles. Miles per gallon of gasoline equivalent (MPGe) and kilowatt-hours (kWh) per 100 miles are common metrics. Depending on how they are driven, today's light-duty all-electric vehicles (or PHEVs in electric mode) can exceed 130 MPGe and can drive 100 miles consuming only 25&#;40 kWh.
HEVs typically achieve better fuel economy and have lower fuel costs than similar conventional vehicles. For example, FuelEconomy.gov lists the Toyota Corolla Hybrid at an EPA combined city-and-highway fuel economy estimate of 50 miles per gallon (MPG), while the estimate for the conventional Corolla (four cylinder, automatic) is 35 MPG. Use the Find A Car tool on FuelEconomy.gov to compare fuel economy ratings of individual hybrid and conventional models.
The fuel economy of medium- and heavy-duty all-electric vehicles and PHEVs is highly dependent on the load carried and the duty cycle, but in the right applications, all-electric vehicles maintain a strong fuel-to-cost advantage over their conventional counterparts.
All-electric vehicles and PHEVs have the benefit of flexible charging because the electric grid is near most locations where people park. To safely deliver energy from the electric grid to a vehicle&#;s battery, an EV charging station, sometimes referred to as electric vehicle supply equipment (EVSE), is needed. Drivers can charge overnight at a residence, including multifamily housing, as well as the workplace or a public charging station when available. PHEVs have added flexibility because they can also refuel with gasoline or diesel (or possibly other fuels in the future) when necessary.
Public charging stations are not as ubiquitous as gas stations. Charging equipment manufacturers, automakers, utilities, Clean Cities and Communities coalitions, states, municipalities, and government agencies are rapidly establishing a national network of public charging stations. The number of publicly accessible charging stations in the United States reached more than 53,000 in , offering more than 137,000 charging ports, according to the Alternative Fueling Station Locator. Search for electric charging stations near you.
Electric and hybrid vehicles can have significant emissions benefits over conventional vehicles. All-electric vehicles produce zero tailpipe emissions, and PHEVs produce no tailpipe emissions when operating in all-electric mode. HEV emissions benefits vary by vehicle model and type of hybrid power system.
The life cycle emissions of an electric vehicle depend on the source of the electricity used to charge it, which varies by region. In geographic areas that use relatively low-polluting energy sources for electricity production, electric vehicles typically have a life cycle emissions advantage over similar conventional vehicles running on gasoline or diesel. In regions that depend heavily on conventional electricity generation, electric vehicles may not demonstrate a strong life cycle emissions benefit. Use the Electricity Sources and Emissions Tool to compare fuel-cycle emissions by vehicle type and state.
The advanced batteries in electric vehicles are designed for extended life but will wear out eventually. Several manufacturers of electric vehicles are offering 8-year/100,000-mile battery warranties. Predictive modeling by the National Renewable Energy Laboratory indicates that today&#;s batteries may last 12 to 15 years in moderate climates (8 to 12 years in extreme climates). In addition to climate, other factors impacting battery life include driving and charging patterns, battery cell chemistry and design, and the vehicle-battery-environment thermal system.
Check with your dealer for model-specific information about battery life and warranties. Although manufacturers have not published pricing for replacement batteries, some are offering extended warranty programs with monthly fees. If the batteries need to be replaced outside the warranty, it may be a significant expense. Battery prices are expected to continue declining as battery technologies improve and production volumes increase.
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