· 2 min read
illuminem summarizes for you the essential news of the day. Read the full piece on The Washington Post or enjoy below
🗞️ Driving the news: Electric vehicles (EVs) are growing in popularity, yet there is a misconception that refueling them costs more than refilling gasoline cars
• Researchers from Energy Innovation have conducted a study to nail down the true cost of refueling in all 50 states, revealing that, in most cases, it's cheaper to fill up with electrons
🔭 The context: The cost of recharging EVs can vary by state, time of day, and the charger used
• Additionally, factors like road taxes, rebates, and battery efficiency complicate the final calculation
• By considering all these variables, the study found significant savings with EVs in many regions, with the cost advantage being more pronounced in areas like the Pacific Northwest
🌎 Why does it matter for the planet: Switching to EVs has environmental benefits, as they emit far less greenhouse gas emissions than gasoline-powered vehicles
⏭️ What's next: With renewable capacity expanding and EV efficiency improving, refuelling costs for electric vehicles are expected to decrease even further
• The total cost of ownership of EVs is already thought to be cheaper, and the sticker price for some EVs is expected to fall below comparable gasoline cars soon
📈 One stat: In Washington state, it costs about $115 to fill up a gasoline Ford F-150, delivering 483 miles of range
• By contrast, recharging an electric F-150 Lightning to cover the same distance costs about $34 — an $80 savings
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