• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Sunday, July 13, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Cars

Study shows 90% of US households could slash transport costs by using EVs

by Meghana Kandra
January 13, 2023
in Cars, Electric Vehicles
Reading Time: 2 mins read
0
Electric Cars Will Challenge State Power Grids
TwitterWhatsappLinkedin

A study shows that US households could slash their transport costs by shifting to electric vehicles. Around 90% of vehicle-owning US households can reduce costs and also greenhouse gas emissions. Drivers in California, Washington, and New York are yet to see the greatest reduction in transport costs. This would be due to cleaner power grids and low electricity prices in comparison to gasoline prices.

You might also like

Mazda CX-5 Enters Third Generation with Radical Interior Overhaul

Tesla’s India Debut: First Showroom to Open in Mumbai on July 15

Nissan Raises $4.5 Billion to Ease Debt Pressure as EV Plans Slow Down

Electric Cars Will Challenge State Power Grids
Image credits- The Charitable Trusts

US households are highly dependent on private vehicles, with over 80% of journeys taken via personal cars. These journeys are not only bad for the environment and public health, but they are also expensive: around 67% of US households are currently considered to have medium-to-high travel costs, spending greater than 2% of their annual income on transportation. Joshua Newell, the co-author of the study and Professor of Environment and Sustainability at the University of Michigan, says, “As the need for decarbonization becomes increasingly urgent, it is crucial that we identify where and how we can reduce greenhouse gas emissions, starting with assessing the long-term affordability of electric vehicles. Our results show that not only are electric cars better at reducing greenhouse gas emissions, but in most cases, they are cheaper to run too.”

Owning EVs

The study evaluates the cost-effectiveness of switching to electric vehicles in comparison to new gasoline-fuelled vehicles, for different regions across the United States. The results show that 71% of US drivers could halve their transport bills by going electric. In comparison, just 0.02% of drivers would see the same reduction in fuel costs by switching to newer, gasoline-fuelled cars. Moreover, the team found that adopting an electric vehicle would more than double the number of US households with low transport costs, spending less than 2% of their annual income on transport fuels. Nationwide, this equates to over 80% of vehicle-owning households.

The lead author of the study, Jesse Vega-Perkins said, “Our research contributes to the topic of energy justice, ensuring participation in the energy system is equitable, affordable, and accessible for all. We are hopeful that this study will inform people about where significant, affordable reductions in greenhouse gas emissions can be made. For the majority of people, the ongoing fuel cost of electric vehicles will be even lower than adopting newer, more efficient gasoline vehicles. However, the prominent differences across the nation emphasize the need for a regional approach to electric vehicle transitions.” There is huge potential for electric vehicles and the study shows the same. In the coming years, the ease and disadvantages will be known.

Tags: Californiaelectric vehiclesMichigansustainabilityUS automakers
Tweet54SendShare15
Previous Post

Toyota showcased zero-emission versions of its 1980s sports range

Next Post

Sell more through LinkedIn in 2023 | The Ultimate Guide for B2B sellers

Meghana Kandra

Meghana studied PGD in Journalism, open university. She has more than five years of experience in content writing, from creative content development to online journalism. Electric vehicle enthusiast, engineer, and feminist.

Recommended For You

Mazda CX-5 Enters Third Generation with Radical Interior Overhaul

by Samir Gautam
July 12, 2025
0
Mazda CX-5 Enters Third Generation with Radical Interior Overhaul

Mazda’s CX-5 has been a global success story since its debut in 2012, selling more than 4.76 million units and standing tall as the brand’s best-selling vehicle. Now,...

Read more

Tesla’s India Debut: First Showroom to Open in Mumbai on July 15

by Samir Gautam
July 12, 2025
0
Tesla Is Finally Coming to India, First Showroom to Open in Mumbai on July 15

After years of speculation, tweets, and what-ifs, it’s finally happening, Tesla is coming to India. And it’s starting in style, with a brand-new showroom set to open in...

Read more

Nissan Raises $4.5 Billion to Ease Debt Pressure as EV Plans Slow Down

by Samir Gautam
July 12, 2025
0
Nissan Raises $4.5 Billion in Bonds to Refinance Debt Amid Strategic Slowdown

Nissan is raising money, and taking a long, hard look at its future. The Japanese automakerNissan Raises $4.5 Billion to Ease Debt Pressure as EV Plans Slow Down...

Read more
Next Post
Photo by Alexander Shatov on Unsplash

Sell more through LinkedIn in 2023 | The Ultimate Guide for B2B sellers

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?