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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.
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 year to run—a difference of $633.94
Ford is pricing the new C-MAX Energi—expected to offer 15 class-exclusive features, a 550-mile (885 km) total range and more than 20 miles (32 km) of electric-only range ( earlier post )—at $33,745. Its eligibility for a $3,750 federal tax credit drops that to $29,995.
Diesel vehicles generally saved owners between $2,000 to $6,000 in total ownership costs during a three to five year period when compared to similar gasoline vehicles, according to data compiled by the University of Michigan Transportation Research Institute (UMTRI). —“Total Cost of Ownership”. Fuel Costs. Fuel Efficiency.
After the US federal tax credit is applied, the cost of the Fisker Ocean drops to a starting price of US$29,999 (US). The Ocean all-electric SUV will come standard with an extended range (target of approximately 250 to 300 miles, depending on driving conditions), enabled by an approx. 80 kWh lithium-ion battery pack.
4 electric SUV 1st Edition and Pro models officially have an EPA-estimated 250 miles of range on a single charge. According to the EPA’s calculations, based on an electricity cost of 13 cents per kilowatt-hour, the ID.4 4 has estimated an annual fuel cost of $700. The Volkswagen 2021 ID.4 4 1st Edition and ID.4 The 2021 ID.4
A bi-partisan Congressionally-created commission has recommended a shift from motor fuel taxes to direct fees charged to transportation infrastructure users—i.e., From 1980 to 2006, the total number of miles traveled (VMT) by automobiles increased 97%; truck VMT increased 106%. Click to enlarge. Paying our Way”. of GDP today.
An analysis of the expected emissions performance and total cost of ownership for the ClearFlame business model versus diesel, CNG, BEV, and FCV options in the over-the-road heavy-duty truck market presented in this paper indicates that: The TCO of ClearFlame-based trucks could be, on average, $0.08 per mile, lower than natural gas by $0.09
Source: “Hidden Costs of Energy”. When such market failures occur, a case can be made for government interventions—such as regulations, taxes or tradable permits—to address these external costs, the report says. Source: “Hidden Costs of Energy”. Damages are expressed in cents per VMT (2007 USD). Click to enlarge.
The key to obtaining significant reductions in transportation-related GHG emissions is to increase the cost of driving. The economy-wide CO 2 prices applied increase the cost of driving only marginally with respect to the business-as-usual case. —Morrow et al. Adoption of all of the preceding policies.
By 2040, the report proposes, 75% of the light-duty vehicle miles traveled in the US should be electric miles. order to reach the goal of 75 percent electric miles by 2040, the US light-duty vehicle market will need to have reached a tipping point by 2020. Extend consumer tax credits for home charging equipment.
An IntelliChoice.com survey finds that most 2009 US hybrid and clean diesel cars, trucks and SUVs deliver a lower total cost of ownership compared to gasoline versions of the same (or comparable) vehicles. Tax credits matter. This number drops to 23 without the Hybrid Tax rebate, concentrated primarily among small cars and sedans.
Tesla suggests that Model S customers will save up to CHF 300 (US$340) per month in fuel and tax savings compared to premium internal combustion vehicles, resulting in a potential effective net cost of driving Model S of about CHF 660 (US$749) per month.
Centralizing management of capital and operational expenditures under one office was crucial in capturing “total cost of ownership” savings, according to the report. Through seven months of operation, the two vehicles have traveled 4,000 and 2,000 miles respectively. Repeat usage by employees is very high.
Battery costs are declining quickly, but even Tesla still lists its 300-mile Semi variant with an estimated starting price of $150,000. That’s higher than the cost of a comparable diesel-powered Class 8 truck, so the Tesla Semi would have to be very compelling to convince drivers and fleet owners to make the switch to electric.
In addition to the original model, equipped with a 36 kWh battery pack offering up to a 150-mile (241 km) range with a MSRP of $39,900, a new 31 kWh battery option will provide a driving range of up to 125 miles (201 km) and will be available at a lower base MSRP of $37,250. —Phil Murtaugh, CEO, CODA Holdings.
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. The percentages are even higher after five years of ownership. Belzowski 2015.
users pay for the construction and maintenance of roads via a federal fuel tax. Revenues from the tax go into the federal Highway Trust Fund, which is independent of the General Fund; every five years or so Congress passes an authorization bill to allocate these revenues. States use similar mechanisms. —Huang et al.
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. Cost per job created. Cost per ton of carbon reduced. miles per gallon (9.4 Click to enlarge. Click to enlarge.
Some research has shown that purchase rebates can be more effective than income-tax credits, the committee noted. In addressing issues about charging-infrastructure needs, the committee assumed that the goal was to maximize the fraction of miles fueled by electricity for light-duty vehicles.
In 2009, the EC published its Electrification Roadmap, which proposes that by 2040, 75% of the light-duty vehicle miles traveled in the US should be electric miles. The Fleet Roadmap also presents the results of detailed total cost of ownership modeling for PHEVs and EVs in fleet applications for a number of industries.
The revised battery helps increase the vehicle’s range from an EPA-estimated total range of 83 miles to 125 miles on a single charge. Fuel consumption for the 2017 model is 28 kWh/100 miles, compared to 29 kWh/100 miles for the 2016 model. Honda is leasing the Clarity for $269 (plus tax) per month. kWh, up from 24.2
A team of researchers from Carnegie Mellon University has analyzed the impact of plug-in hybrid electric vehicle (PHEV) battery pack size on fuel consumption, cost and greenhouse gas emissions over a range of charging frequencies (distance traveled between charges). The study will appear in an upcoming issue of the journal Energy Policy.
Thus, carpooler congestion costs substantially outweigh the green benefits of hybrids, the researchers concluded. The economists suggested several alternatives: Instead of letting the solo-driver hybrids into rush-hour carpool lanes, the state should provide a tax credit for hybrid vehicles, much like the federal government.
The UK government slashed electric company car tax, instantly making EVs much more attractive for businesses and employees. Here we take a look at what company car tax is, what’s changed, and how it compares between different types of cars. What is company car tax? How much is company car tax? Company Car Tax bands.
Compact cars with diesel engines typically deliver more than 40 miles per gallon, spirited performance, strong durability and high lease residual values, according to GM—all attributes Chevy expects to be true of the Cruze Diesel as well. —Allen Schaeffer, executive director of the Diesel Technology Forum.
Green reviewed the role clean diesel vehicles play in the current vehicle fleet by analyzing the total cost of ownership of diesels and comparing it to that of their gas vehicle counterparts. They developed three- and five-year cost estimates of depreciation by modeling used-vehicle auction data and fuel costs by modeling government data.
A targeted portfolio of additional policies, chosen because they promise overall cost savings, will allow the state to reach the most ambitious target for GHG reduction of any state in the country, Secretary Bowles said. premium into a variable cost based on. miles traveled, creating a major incentive. Miles driven would fall.
The US Department of Energy’s Office of Energy Efficiency and Renewable Energy (EERE) recently launched a new Vehicle Cost Calculator and accompanying widget. The calculator also lets users enter information such as driving habits, local ZIP code, price of fuel, and potential tax credits to personalize their results.
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. Starting MSRP is $29,995 (after a federal tax credit). Earlier post.).
And Because drivers are not able to select gasoline mode themselves, the B 200 Natural Gas Drive is taxed more favorably as a natural gas vehicle. The range in natural gas mode is around 500 kilometers (311 miles). Location of the storage tanks. Click to enlarge.
The study, in press in the Journal of Power Sources , examines the efficiency and costs of current and future EVs, as well as their impact on electricity demand and infrastructure for generation and distribution, and thereby on GHG emissions. Derive GHG emissions and costs of charging of EVs in the 2015 Dutch context and. We therefore.
The researchers used a multi-sector computable general equilibrium (CGE) model, which includes a private transportation sector with an empirically-based parameterization of the relationship between income growth and demand for vehicle miles traveled.
VIA Motors announced a voucher program for Chicago-area fleet and business owners that will reduce the initial costs of owning a VIA Motors extended range pickup truck, extended range electric passenger van, or extended range electric cargo van. VIA VTRUX offers up to 40-mile battery range and.
With a range of up to 500 miles and an estimated fueling time of approximately 20 minutes based upon expected technology improvements, the Nikola Tre FCEV is anticipated to have among the longest ranges of all commercially available zero tailpipe emission Class 8 trucks. Deliveries of the purpose-built heavy-duty trucks will begin in Q4 2023.
While the final assembly of the Karma will be done overseas, more than 65% (based on cost) of the parts required for Karma will come from US suppliers. million ATVM loan for Fisker’s Project Nina—the design, engineering and assembly of Fisker Automotive’s next-generation plug-in hybrids, starting at about $39,900 after tax credits.
The program offers many incentives that will make fuel cell cars even more attractive: these cars are exempt from registration taxes and value added tax, which can be very high in the country. Toyota has been engaged in the research and development of automotive hydrogen fuel cell technology for more than 20 years.
A team at Arizona State University has analyzed the five-year Total Cost of Ownership (TCO) for representative electric, hybrid, and conventional vehicles—the Nissan Leaf (BEV), Toyota Prius (HEV), and Toyota Corolla (ICEV)—in 14 US cities from 2011 to 2015.
The front-wheel drive B-Class F-CELL offers an operating range of around 240 miles (386 km) (Euro driving cycle, 190 miles (306 km) estimated EPA)—more than twice the range of the 2004 A-Class F-CELL—and short refueling times. tax over a term of 24 months and includes the cost of hydrogen fuel.
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. Source: Sullivan et al. Click to enlarge. Fleet penetration would be less than 1% in ten years, the study finds.
Customers will also be eligible for a $40,000 clean commercial vehicle tax credit from the federal government due to the passage of the “Inflation Reduction Act”. Nikola’s Tre BEV, with a range of up to 330 miles, qualified for HVIP certification in California in January 2022.
Looking only at the cost of capturing the CO 2 —not including building pipelines or sequestering the captured CO 2 —the team found that 60% of current CO 2 emissions (i.e., The team estimates this would result in the construction of 4,300 miles of pipelines. —LLNL scientist Sean McCoy, co-author.
To answer this question, we gathered data on (i) the quantity and location of emissions released from tailpipes and from upstream processes to produce and operate vehicles, (ii) the externality costs of damages caused by the release of these emissions, and (iii) estimates of externalities and other costs to the US associated with oil consumption.
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.
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