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Tax credits and gasoline prices necessary for various electric vehicles to be cost-competitive with conventional vehicles at 2011 vehicle prices. Those people who purchase electric vehicles because of the tax credit use less gasoline and produce fewer emissions of greenhouse gases than would otherwise be the case.
Making conventional gasoline and diesel vehicles more expensive to run—through increased fuel or carbon taxes—is not enough to incentivize the majority of consumers to change. However, carbon taxes can be critical in pushing electricity providers to decarbonize their operations. McCollum et al.
The total cost of purchasing and driving one—the cost of ownership—has fallen nearly to parity with a typical gasoline-fueled car. In 2019, 63 percent of global electricity was produced from fossil-fuel sources, the exact nature of which varies substantially among regions. EVs have finally come of age.
EV drivers rely on widespread and accessible charging stations to recharge their vehicles’ batteries. But free public charging has caught to attention of local and state governments as a tax revenue generator (or a tax loophole). EV charging stations in several U.S.
Average on-road fuel consumptions (tank to wheels) of the different propulsion systems in an average light-duty vehicle: 2010, 2030, and 2050. Values normalized to standard naturally-aspirated gasoline engine vehicle. Includes vehicle weight reduction: at constant acceleration capability. —“On the Road Toward 2050”.
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