EV Fuel Savings Vary by State: Western US Offers Biggest Financial Advantage
By
Kyle Stock
Summary
A Bloomberg analysis reveals that EV owners can save nearly $1,500 per year on fuel compared to gas cars, with savings varying significantly by state. In nine Western US states including Arizona, Utah, and Washington, consumers benefit from a favorable combination of higher-than-average gas prices and lower-than-average electricity rates, maximizing the financial advantage of driving electric.
Source
bskyEV Fuel Savings Vary by State: Western US Offers Biggest Financial Advantagebloomberg.comKey quotes
· 3 pulledNearly $1,500 a year. That's roughly the fuel savings at the moment between a current gas car and the typical electric vehicle charged at a US home.
In a huge swath of the American West – nine US states, including Arizona, Utah and Washington – consumers pay more than average for gas and less than average for electricity.
Some of the places with the most expensive gas have the cheapest electricity, including Arizona, Utah and Washington.
You might also wanna read
As Iran War Drives up Gas Prices, Interest in EVs Grows
A Shift to EVs Would Lower the Price of Gasoline, Study Finds
Study: Electric Vehicles with Vehicle-to-Home Technology Reduce Household Energy Costs and Battery Needs
A new Australian study from Flinders University, Adelaide University and Murdoch University found that electric vehicles equipped with vehic
adelaide.edu.au·2mo ago
Australian V2G trial fleet generates AU$567 in energy value during quiet grid month
Electric Vehicle Resale Values Collapsing Faster Than Gas Cars
Electric vehicles are experiencing rapid depreciation worldwide, with resale values collapsing much faster than traditional gas-powered cars
restofworld.org·8mo ago
US bill proposes EV tax while some lawmakers push to eliminate gas taxes
The article criticizes a new US bill proposing an EV tax to fund road infrastructure, arguing it unfairly targets EV owners who cause minima
electrek.co·1mo ago
Comments
Sign in to join the conversation.
No comments yet. Be the first.