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The US Department of Energy (DOE) launched the “ eGallon ” as a quick and simple way for consumers to compare the costs of fueling electric vehicles vs. driving on gasoline. Today’s national average eGallon price is about $1.14, meaning that a typical electric vehicle could travel as far on $1.14 worth of gasoline.
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”.
GlobalData research shows that lower oil prices as a result of the COVID-19 crisis could reduce electric vehicle demand and impair EU efforts to significantly reduce average new vehicle CO 2 emissions in the European car market. However, the amount of time taken to make up that price differential depends on the cost of fuel.
Ernest Moniz highlighted the continued growth of plug-in electric vehicle (PEV)sales—more than doubling in the first 6 months of 2013 to 40,000 units compared to the same period in 2012—as the US Department of Energy (DOE) released its most recent pricing data showing the low cost of fueling on electricity.
A report published by Cambridge Econometrics and Ricardo-AEA concludes that overall, the cost of technologies required to meet proposed European 2020 CO 2 regulations for vehicles (95 g/km for cars and 147 g/km for vans) will be more than offset by the resultant fuel savings. Source: Cambridge Econometrics.Click to enlarge.
Toyota Motor Corporation (TMC) announced that as of the end of June, worldwide cumulative sales of the Prius gasoline-electric hybrid vehicle (generations I, II and III) passed the 3-million mark. The figure is based on worldwide cumulative sales through the end of May 2013 plus June sales in the US.) mpg US to 89.4
Total Smart Grid costs. The Electric Power Research Institute (EPRI) has released a broad assessment of the costs and benefits to modernize the US electricity system and deploy the smart grid. The analysis updates EPRI’s 2004 EPRI assessment, which estimated the cost of implementing a smart grid at $165 billion.
Not only is it more powerful and contains up to 30% better efficiency than traditional gasoline, etc. TDI clean diesel represents almost 25% of Audi and Volkswagen US sales. Are these sales incentivized? Fuel cells are seen as hitting 1% by 2025; extended range electric vehicles, 3%; and battery-electric vehicles, 4%.
Plug-in electric vehicles, including plug-in hybrids and battery electric vehicles, have the potential to make up 9% of US auto sales in 2020 and 22% in 2030 (1.6 million and 4 million vehicle sales respectively), according to research company Bloomberg New Energy Finance (BNEF). million units in 2020, or some 7.3%
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 electricitycost equivalent of $0.75 Willingness to pay a premium for PHEV40s among those interested. Click to enlarge.
Though there are some exceptions to these positive results for some of the diesel versions of vehicles from a total-cost-of-ownership perspective, the overall direction of the results supports the idea that diesel vehicles are competitive within the U.S. Alternative powertrain sales.
The study provides a comprehensive analysis of the cost and greenhouse gas (GHG) emissions of a variety of vehicle-fuel pathways; the levelized cost of driving (LCD); and the cost of avoided GHG emissions. Cost assessments represent a final cost/price to the consumer, excluding taxes on the final product (e.g.,
Tax credits and gasoline prices necessary for various electric vehicles to be cost-competitive with conventional vehicles at 2011 vehicle prices. The electric vehicles that are the focus of this study fall into two broad classes: plug-in hybrid electric vehicles and battery-electric vehicles. Source: CBO.
Hybrids are expected to account for about half of global new-car sales by 2040. The growth reflects an expected 90% increase in electricity use, led by developing countries where 1.3 billion people are currently without access to electricity. Source: ExxonMobil. Click to enlarge. Transportation. —“Outlook for Energy”.
A new study by Bloomberg New Energy Finance (BNEF) forecasts that sales of electric vehicles will hit 41 million by 2040, representing 35% of new light duty vehicle sales worldwide. This would be almost 90 times the equivalent figure for 2015, when EV sales are estimated to have been 462,000, some 60% up on 2014.
A newly released University of Michigan study found widespread consumer interest in buying plug-in hybrid electric vehicles; however, the cost of the cars is much more influential than environmental and other non-economic factors as a predictor of purchase probabilities. Source: Curtin et al. 2009) Click to enlarge.
The road transport sector could still reach net-zero emissions by 2050 through electrification, but urgent action would be required from policymakers and industry participants, according to research company BloombergNEF’s (BNEF) latest annual Long-Term Electric Vehicle Outlook (EVO). million sold in 2021 to 21 million in 2025.
Renault is launching electric retrofit kits in France in partnership with R-FIT. The Renault 5 electric retrofit kit will go on sale in France in September 2023 while the kit for the Twingo will be made available at a later date. These kits can be installed on the popular Renault 4, Renault 5 and first generation Twingo.
Other technologies—such as efficiency improvements in gasoline engines as well as the rollout of hybrid electric power trains—offer more compelling and cost-effective pathways to reducing CO 2 emissions from European passenger cars, the ICCT says. Renault Clio) and lower medium (e.g.,
The first character of the scenario represents the price of gasoline at simulation termination, the second represents “yes” or “no” on a manufacturer subsidy, and the third represents “yes” or “no”on a sales tax exemption. By 2020, sales could reach around 4% – 5% with fleet penetration a little more than 2%. Click to enlarge.
Transportation sector gasoline demand declines. Increased sales for hybrids and PHEVs. Projected sales of alternative-fuel vehicles in the AEO2013 Reference case are lower than in AEO2012, with the majority of the reduction reflected in sales of flex-fuel vehicles (FFVs), which in 2035 are about 1.3 Click to enlarge.
Because of the lower carbon/hydrogen ratio of methane (CH 4 ) relative to gasoline, CO 2 emissions from the combustion of natural gas are approximately 75% of those of gasoline for a given amount of energy production. emissions are reduced by around 25% relative to the use of gasoline for the same engine efficiency. Source: MIT.
For the study, they define EVs as including both battery-electric (BEV) and plug-in hybrid electric (PHEV) vehicles. Only in the case of high EV market share and a high renewable electricity standard (RES) do EVs make a material contribution to greenhouse gas (GHG) reductions, they found. —Choi et al.
Azure Dynamics Corporation announced that AT&T has agreed to purchase two of the first Ford Transit Connect Electric vans. The Ford Transit Connect Electric is powered by Azure Dynamics’ Force Drive electric drivetrain with a lithium-ion battery pack from Johnson Controls-Saft.
Ford has tripled to more than 200 the number of dealers certified to sell its lineup of plug-in electrified vehicles, including the C-MAX Energi that is on sale now. Ford’s first plug-in hybrid vehicle on the market offers EPA-rated 108 mpg equivalent city, 92 mpge highway and 100 mpge combined;the all-electric range is up to 21 miles.
In its letter to shareholders reporting Q1 2012 results, Tesla Motors Chairman, Product Architect and CEO Elon Musk and Deepak Ahuja, Chief Financial Officer, said that the company had recently signed an agreement with Daimler to create an entire electric powertrain for a new Mercedes-Benz. Earlier post.). —Letter to Shareholders.
The US Energy Information Administration’s (EIA) Annual Energy Outlook 2012 (AEO2012) includes a High Technology Battery case that examines the potential impacts of significant breakthroughs in battery electric vehicle technology on the cost and price of all types of battery powered electric vehicles. Source: EIA.
Testing showed that blending EEB with diesel significantly reduces soot emissions, similar to how ethanol reduces emissions when blended with gasoline. EEB can also be blended with gasoline or burned to produce electricity. Vitruvian has modeled production costs at $2.58-3.73 per gallon.
President Biden called on Congress to suspend the federal gas tax for the next 90 days, through the busy summer driving season—18 cents per gallon for gasoline and 24 cents per gallon for diesel. Refined product prices are set by the marginal supply costs of bringing the incremental barrels of products to market.
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. BCG expects pack costs for OEMs will fall to ~$360-440 per kWh by 2020.
Among the findings were: The plug-ins achieved an average 46% reduction in fuel consumption compared to conventional gasoline vehicle of similar size with an average charging frequency of 1.1 Average cost of recharge is around €0.30 (US$0.40) (all costs included). times a day. times a day. Hybrids Plug-ins Trials'
Efforts by automakers and legislators overseas appear to be paying off, as a new study found that consumers’ transition to all-electric vehicles in the EU and UK is “inevitable.”
Mission Motors, developer of the high-performance Mission One PLE electric motorcycle, launched Mission Electric Vehicle Technology (MissionEVT), the company’s high-performance EV Powertrain Division, at the 2010 Specialty Equipment Marketing Association Show (SEMA) in Las Vegas. —Jit Bhattacharya. MissionEVT.
With a vehicle lifecycle of around 15 years, the global electric car population might by then reach about the same total as cumulative production, some of the later EVs sold having replaced older EVs that had been scrapped, the report, “Electric Vehicles: Energy, infrastructure and the mobility market in the real world” , notes.
HyBoost achieves this by combining aggressive 50% downsizing of the engine with an electric supercharger for transient low-speed performance, and a micro-hybrid stop-start and energy recuperation systems, Boggs said. Ricardo’s gasoline engine roadmap focuses on CO 2 reduction through downsizing and the use of synergistic technologies.
In a news conference at the Japan National Press Club on Friday, Toyota Motor President Akio Toyoda said that the company plans to begin mass production of electric vehicles in the US in 2012, followed by US production of fuel cell vehicles in 2015. The company is working to develop a low-cost CFRP for a high-pressure hydrogen tank.
The performance of this new generation of powertrains will reflect significant advances in battery, electric motor and gasoline engine technologies. The next Prius will also feature electric motors that will be smaller in size. We have also heard from owners that they would like a more convenient charging operation.
In a new report , Navigant Research forecasts that US military spending on alternative drive vehicles (ADVs—including hybrid electric vehicles (HEVs), plug-in electric vehicles (PEVs), and ethanol-powered vehicles—for the non-tactical fleet will increase from more than $435 million in 2013 to $926 million by 2020, a CAGR of 11.4%.
RNG sale revenues are expected to benefit from California’s Low Carbon Fuel Standard (LCFS) program and the US Environmental Protection Agency’s Renewable Identification Number (RIN) program. When fully operational, the RNG Project is expected to generate approximately 355,000 MMBtu of RNG per year.
Silicon-Valley-based Ampcera announced a low-cost flexible solid electrolyte (SE) membrane technology for solid-state batteries (SSBs). Performance and cost are the bottlenecks in the commercialization of SE technology and SSBs.
At the same time, sales growth of new light-duty vehicles will slow substantially. Market share for cars primarily powered by gasoline and diesel will still account for 62% of new cars in 2040 in the four major key markets (down from 98% in 2016) with a total of 54 million new vehicle sales in 2040, according to the study’s baseline scenario.
The California law enabling single-occupant access to the HOV lanes was meant to stimulate sales for fuel-efficient, ultra low-emission vehicles, with the goals of reducing dependence on foreign oil and saving money at the gasoline pump. creates no congestion or social costs, said the researchers, adding one hybrid driver at 7 a.m.
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. The small increase in employment came at a far higher implied cost per job created ($1.4 million, or 0.7 million tons.
Through a California Public Utilities Commission approved program, the utility is able to offer a reduced price by returning revenue generated from the sale of Low Carbon Fuel Standard (LCFS) credits to customers. Natural gas costs significantly less than gasoline or diesel per GGE. per gallon beginning 1 April.
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