DOE: electric vehicles 1/3 cheaper to drive, 17% lower lifetime costs [View all]

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"Just this week I noted a new tool from the US Department of Energy showing that fueling an electric car is about 3 times cheaper than fueling a gasmobile. Well, those fuel savings add up, resulting in more money in your pocket, as a recent study from the Electric Power Research Institute (EPRI) shows. Here’s more info (and two charts!) from Sophie Vorrath of RenewEconomy:

New analysis from America’s Electric Power Research Institute (EPRI) has come up with some interesting figures that suggest the number-one obstacle for mass adoption of electric vehicles – prohibitive cost – could be on the way out. Greentech Media reports that the study – which compared the 2012 prices of the fully electric Nissan Leaf (graph 1) and the hybrid plug-in Chevy Volt (graph 2) against comparable petrol-fuelled cars on the market – found the two EVs were within 10 per cent of conventional vehicles.

The study found that petrol prices were one of the major factors affecting this balance, but the bad news – for us in Australia, anyway – is that America’s state and federal EV incentives were an even more important contributing factor, as were capital costs, which are being driven down in the US in what appears to be an electric car price war. Driving habits and maintenance also played a role.

http://theenergycollective.com/zachshahan/237916/electric-cars-much-cheaper-you-think-cheaper-gasmobiles-charts?utm_source=feedburner&utm_medium=feed&utm_campaign=The+Energy+Collective+%28all+posts%29

http://energy.gov/articles/egallon-how-much-cheaper-it-drive-electricity