- BEVs saved 6 billion liters of fuel in the US between 2011 and 2021
- Americans saved $1.9 billion in fuel costs last year by choosing a BEV or PHEV.
- Fuel prices continue to rise, ‘break even’ EV point falls
gave US Department of Energy found that battery-powered vehicles (BEVs) saved 1.8-billion liters of fuel in the States alone last year – a staggering equivalent to just one day’s supply of fuel, or 72 Olympics. Cost of swimming pools.
The study also found that 3.7 billion kilograms of carbon dioxide (CO2) tailpipe emissions were avoided by 458,000 buyers choosing BEVs over the same period.
In the decade since 2011, BEVs have saved a total of six billion liters of fuel and prevented nearly 12-billion kilograms of CO2 pollutants from entering the atmosphere.
Plug-in hybrid electric vehicles (PHEVs) – which use an internal combustion engine and a battery-powered electric motor – are safe all around. 794-million liters of fuel and 1.8-billion kg reduction in CO2 emissions From 176,000 PHEV sales in 2021.
By switching to EVs, car buyers reduced US national gasoline consumption by 0.54% last year and therefore saved US consumers A$1.9 billion in fuel costs.
The Biden administration passed the Inflation Reduction Act in August, which requires electric car models to be assembled in the U.S. and at least 40 percent of battery minerals sourced domestically or from independent trade partners by 2024. are done to qualify for the $7,500 EV tax. Credit
Fuel prices have skyrocketed this year, partly due to Russia’s war on Ukraine, which has imposed geopolitical sanctions on the aggressor, the world’s biggest oil exporter. Although Australia refines oil domestically, much of it is exported to other countries in Asia.
As COVID-19 restrictions were lifted in most parts of the world this year, there was high demand for mobility, which pushed up gasoline prices. Currently, the cheapest unleaded E10 petrol nationwide is an average of $2.00 per litre.
Although electric cars are often more expensive to buy up front, they are cheaper to own and run and even with rising electricity prices, the premium is recouped over time.
The Australian federal government recently put into law its electric car discount policy, which eliminates the fringe benefit tax (FBT) for EVs on a fleet or new lease and removes import taxes for countries that It does not already have free trade agreements like Europe. .
As of the end of October, 23,869 new passenger and light commercial EVs had been sold, representing a 492 percent increase over the same period in 2021. It has been led by the Tesla Model 3 sedan and more recently the Model Y crossover.