Summary
– Argonne National Laboratory estimated fuel cost savings potential for replacing gasoline vehicles with electric vehicles on a ZIP code level
– The states in the Northwest region, such as Idaho and Washington State, showed the highest potential for fuel cost savings when switching to electric vehicles
– Factors contributing to this include low electricity prices, high gasoline prices, and a larger population of larger vehicles in those states
– The more fuel a vehicle consumes, the greater the potential for fuel cost savings when switching to an electric vehicle
– Plug-in hybrids are not included in the estimates, only savings from all-electric vehicles.
Article
The Argonne National Laboratory conducted a study estimating the fuel cost savings potential of switching from a gasoline vehicle to an electric vehicle on a ZIP code level. Their findings indicated that states in the Northwest region, such as Idaho and Washington State, had the highest potential for fuel cost savings when transitioning to electric vehicles. Factors contributing to this include low electricity prices, high gasoline prices, and the prevalence of larger vehicles like pickup trucks in these states. The study highlighted that vehicles with higher fuel consumption stand to benefit more from the cost savings of electric vehicles.
The analysis from Argonne National Laboratory focused on all-electric vehicles and did not include plug-in hybrids. The data from this study, titled “Adoption of Plug-in Electric Vehicles: Local Fuel Use and Greenhouse Gas Emissions Reductions Across the U.S.,” was released in February 2024. By looking at the potential fuel savings at a local level, the study sheds light on the advantages of electric vehicles in terms of reducing fuel costs and greenhouse gas emissions. The Department of Energy shared this research to provide insights into the benefits of transitioning to electric vehicles.
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