, to estimate their total EV ownership costs and carbon emissions based on various car models and travel habits.To illustrate the caveats, Woody — who is conducting a study of regional lifecycle costs of gasoline versus electric vehicles — offered an example of hypothetical car buyers in Chicago and Houston.
In Chicago, an average buyer would come out ahead with the electric over 15 years. They would pay about $84,000 total, versus $87,000 for the gas car, Woody said. Here's why: Buyers in Chicago can get an extra $4,000 incentive from the state, making EVs less expensive at the time of purchase, Woody said. Chicago also has relatively inexpensive electricity, so the EV is also much less costly to operate, he added.
The analysis accounts for cooler weather in Chicago, which generally makes EVs less efficient, Woody said.A charging station for electric and hybrid cars using solar panels to generate electricity.for 5.8% of the nearly 14 million new cars sold in the U.S. last year, according to Kelley Blue Book data. That was up from 3.1% the year before.to the International Energy Agency.
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