Washington State Notes Greatest Fuel Cost Savings For An EV
Electric vehicles are more efficient than internal combustion engine vehicles, but how big of a savings can be realized? The Office of Energy Efficiency & Renewable Energy answers with a map.
Because electricity costs and regular gasoline costs varies between states, the savings of driving an electric car will vary, pretty widely.
As it turns out, the biggest savings can be made in Washington state – 74%, while the lowest is in Hawaii – 9% (the only state below 20%). The situation in Hawaii (high residential electricity rates) is especially sad, because as an island BEVs would be a perfect fit. The majority of states are above 60%.
The comparison was done using the eGallon tool, which shows how much it would cost to drive on gasoline and electricity.
“Electric vehicles are more efficient than internal combustion vehicles, but fuel cost comparisons can be complicated because the price of gasoline and residential electricity vary considerably by state. To address this, the Department of Energy developed an eGallon tool that shows the fuel cost of operating a vehicle on regular gasoline versus electricity for any given distance. Using this tool and comparing the cost difference between gasoline operation and electric operation, all states showed cost savings for electric operation. The average fuel cost savings for all states was 60% and each of the states except for Hawaii had savings of greater than 20%. The state of Washington provided the greatest fuel cost savings (74%) for electric vehicle owners. Residential electricity rates, which are high in Hawaii and low in Washington state, greatly influence the level of savings.”
“Note: The eGallon tool uses average state or regional gasoline prices and average retail utility electricity prices. Home based solar installations are not considered. Savings are for May 19, 2018.
Sources: Savings – U.S. Department of Energy, eGallon website, accessed May 14, 2018.
Electric vehicle efficiency – U.S. Department of Energy and U.S. Environmental Protection Agency, “Electric Vehicles,” www.fueleconomy.gov website, accessed May 11, 2018.”