For example, lists the 2021 Toyota Corolla Hybrid at an EPA combined city-and-highway fuel economy estimate of 52 miles per gallon (MPG), while the estimate for the conventional 2021 Corolla (four cylinder, automatic) is 34 MPG. HEVs typically achieve better fuel economy and have lower fuel costs than similar conventional vehicles. Depending on how they are driven, today's light-duty all-electric vehicles (or PHEVs in electric mode) can exceed 130 MPGe and can drive 100 miles consuming only 25–40 kWh. Miles per gallon of gasoline equivalent (MPGe) and kilowatt-hours (kWh) per 100 miles are common metrics. Because all-electric vehicles and PHEVs rely in whole or part on electric power, their fuel economy is measured differently than that of conventional vehicles. Fuel EconomyĮlectric vehicles can reduce fuel costs dramatically because of the high efficiency of electric-drive components. Use the Vehicle Cost Calculator to compare lifetime ownership costs of individual models of electric vehicles and conventional vehicles. For more detailed information on available incentives, connect with your local Clean Cities coalition. Some states and electric utilities also offer incentives, many of which can be found in the Laws and Incentives database. It provides a tax credit of $2,500 to $7,500 for new purchases, with the amount determined by the size of the vehicle and capacity of its battery. The federal Qualified Plug-In Electric-Drive Motor Vehicle Tax Credit is available for EV purchases from manufacturers that have not yet met certain thresholds of vehicle sales. Also, initial costs can be offset by fuel cost savings, a federal tax credit, and state and utility incentives. Prices are likely to equalize with conventional vehicles, as production volumes increase and battery technologies continue to mature. CostsĪlthough energy costs for electric vehicles are generally lower than for similar conventional vehicles, purchase prices can be significantly higher. Plug-in hybrid electric vehicles (PHEVs) and all-electric vehicles, also referred to as battery electric vehicles (BEVs), are both capable of being powered solely by electricity, which is produced in the United States from natural gas, coal, nuclear energy, wind energy, hydropower, and solar energy.
Hybrid electric vehicles (HEVs) typically use less fuel than similar conventional vehicles because they employ electric-drive technologies to boost vehicle efficiency through regenerative braking-recapturing energy otherwise lost during braking. All of this adds to our nation’s energy security. The multiple fuel sources used to generate electricity results in a more secure energy source for the electrified portion of the transportation sector.
Using more energy efficient vehicles like hybrid and electric vehicles supports the U.S. Overall, the transportation sector accounts for approximately 30% of total U.S. The United States became a net exporter of petroleum in 2020 with exports surpassing imports, although imports of 7.86 million barrels per day remained an important part of balancing supply and demand for domestic and international markets.
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