Week 51: EVs are currently cheaper than diesel or petrol

Our editorial team just discovered and shared new reports. This week's reports cover the total cost of ownership of several fuel types, benefits from federal spending on electric car infrastructures, the key concerns and barriers to the introduction of electric vehicles in India, the US auto fleet's infrastructure needs to transition to EV, as well as the necessity to accelerate EV development in Vietnam
In week 51 we added the following reports:

  • Car Cost Index 2022 | LeasePlan
  • Local Government Playbook | electrification coalition
  • Is the future electric | ACKO
  • Charging Infrastructure Challenges for the U.S.Electric Vehicle Fleet | ATRI
  • Promoting the development of EVs in Vietnam | the ICCT

The reports are shared and available free of charge in our database.

The cost of buying and operating an electric vehicle is currently cheaper than diesel or petrol

In almost every European country, the cost of buying and operating an electric vehicle is currently cheaper than that of gasoline or diesel. This is because fuel prices have risen this year. For example, a Ford Kuga or an electric koda Enyaq would cost the same or less in 19 of the 22 European countries studied, including the United Kingdom, France, Germany, and the Netherlands. Only electrifying the model in Poland, Italy, and the Czech Republic resulted in a considerably higher price.

This report examines the total cost of owning and running a car (TCO) in 22 European nations, from the subcompact sector to the executive market.

Car Cost Index 2022 | LeasePlan

Costs of ownership breakdown different vehicle types (BEV, PHEV, Petrol, Diesel)
Source: Car Cost Index 2022 | LeasePlan

 

Benefit from federal investments in infrastructure for electric vehicles

The Bipartisan Infrastructure Act and the Inflation Reduction Act, enacted by President Biden in November 2021 and September 2022, respectively, allocate financing to the establishment of a countrywide network of EV charging stations and to stimulate EV purchases. Local governments will be critical in ensuring that these funds are used efficiently, effectively, and fairly.

This report offers advice on how counties, cities, and municipalities may benefit from federal investments in infrastructure for electric vehicles. It offers a “checklist” of activities and plans that local governments might implement now and in the future, including best practises, new legislative ideas, and insights from earlier charging implementations.

Local Government Playbook | electrification

checklist" of activities and plans that local governments might implement now and in the future
Source: Local Government Playbook | electrification coaltion

 

The main issues and obstacles to the adoption of electric cars in India

The fourth-largest auto market in the world is in India. It is important to learn customers’ perspectives on EVs as the country seeks to make electric vehicles the default option for buyers.

This report identifies the main issues and obstacles to the adoption of electric cars in India, as well as what EV owners want manufacturers and planners to know, the need for insurance coverage specifically for EVs, and safety issues related to EVs.

Is the future electric | ACKO

Bar chart titled "Top Reasons For EV Purchase" lists reasons with corresponding percentages of intenders: lower running costs (57%), interest in latest technology (56%), environmental benefits (56%), lower cost per mile (47%), and flexibility in offerings (44%).
Source: Is the future electric | ACKO

 

The infrastructural needs for switching the US car fleet to battery electric

The U.S. car fleet would need to be fully electrified, which would use a significant amount of the nation’s current power production. An all-electric U.S. vehicle fleet would consume more than 40% of the nation’s power, compared to domestic long-haul trucking’s consumption of more than 10%. Some particular states would have to produce up to 60% more power than is already done.

This report evaluates the infrastructural needs for switching the US car fleet to battery electric. This research focuses on three significant hurdles for widespread vehicle electrification: Electricity Supply and Demand in the United States, Electric Vehicle Production, Truck Charging Requirements

Charging Infrastructure Challenges for the U.S.Electric Vehicle Fleet | ATRI

A summary of challenges related to U.S. electricity supply and demand, electric vehicle production, and truck charging requirements. Key elements include electricity production, raw materials, parking, charging, and associated costs.
Source: Charging Infrastructure Challenges for the U.S.Electric Vehicle Fleet | ATRI

 

boosting EV development in Vietnam

Since it accounts for 18% of all national GHG emissions, the road transportation sector in Vietnam is a significant source of GHGs and air pollution. Road transportation is a significant source of local air pollution in big cities like Vietnam’s capital Hanoi and Ho Chi Minh City, which have 8 and 9 million residents, respectively. This is especially true of particulate matter pollutants from the transport sector, which have a number of detrimental effects on human health.

This report examines Vietnam’s present EV manufacturing and supply chain, EV demand, and EV charging infrastructure to make recommendations for boosting EV development. Accelerating EV development not only helps the country meet its climate objectives by lowering GHG emissions and improving air quality, but it also helps the country’s economic development. The paper will mostly address E2Ws and EPVs.

Promoting the development of EVs in Vietnam | the ICCT

Bar chart illustrating the change in electric two-wheeler (E2W) market share in key ASEAN countries for 2019 and 2020. Vietnam saw the largest increase from 5.14% to 8.54%. The Philippines, Indonesia, and Thailand showed smaller percentages, with slight growth in market share.
Source: Promoting the development of EVs in Vietnam | the ICCT

If you have any suggestions please consider providing feedback or uploading your report.

Related news

P3 Charging Index reveals Asia’s fastest-charging EVs

The P3 Group has released its P3 Charging Index for Asia at the 37th International Electric…

read more
EV Charging
Asia
Published by: Editorial board | June 19, 2024

UAE accelerates EV adoption to meet 2050 carbon neutrality goals

The UAE is intensifying its efforts to transition to e-Mobility as part of its ambitious plan…

read more
Electric Vehicles
Asia
Published by: Editorial board | June 18, 2024

Corporate cars falling behind in Europe’s Electric Vehicle adoption

A recent briefing by Transport & Environment (T&E) has highlighted a significant issue in Europe’s corporate…

read more
Electric Vehicles
Europe
Published by: Editorial board | June 17, 2024

EU introduces provisional duties on subsidised EV imports from China

In a decisive move aimed at ensuring fair competition and protecting its automotive industry, the European…

read more
Electric Vehicles
Americas
Published by: Editorial board | June 13, 2024