Latest News

Kelley Blue Book: 2.1 million EVs and plug-in hybrids on U.S. roads, and here’s how much gas they’ve saved

0

A major push to replace America’s gasoline-powered cars with electric vehicles has not borne much fruit yet. According to a new study, America’s 2.1 million electric cars and plug-in hybrids (PHEVs) have saved the country some gasoline.

A little.

A smidge.

In 2021, they saved almost two days’ worth of gasoline.

It’s a hard number to trim

America uses a lot of gasoline. The numbers are staggering.

According to the U.S. Energy Information Administration, Americans burned about 369 million gallons of gasoline per day in 2021. And that number was down a bit from historical highs. Many Americans drove fewer miles in 2021, amid the COVID-19 pandemic.

With about 4.25% of the world’s people, America consumes about 17% of the world’s oil.

A study by the Department of Energy’s Argonne National Lab concludes that, over the course of a decade, privately owned PHEVs and EVs “saved about 690 million gallons of gasoline — about two days of consumption– and reduced CO2 emissions by 5.4 million metric tons.”

Read: It’s sexy, it’s fast. It’s…the new Toyota Prius?

It’s early, and adoption is speeding up

The numbers are sobering but early. Four states have passed laws banning the sale of new gas-powered cars after 2035. But that date remains 13 years away.

EVs today make up less than 3% of the cars on American roads. But sales are accelerating quickly.

EV sales won’t grow in a linear fashion. They’ll snowball. Sales more than doubled in 2021. In the first six months of 2022, more than 5% of the new cars sold in the U.S. were electric (a number that excludes PHEVs).

One study has suggested that 5% is a crucial tipping point, after which sales accelerate.

Check out: What is EV, BEV, HEV, PHEV? Here’s your guide to types of electric cars

Early signs may be proving that. Last quarter, overall new car sales fell by 0.1%. But electric car sales surged by 67% compared to the same period in 2021.

So complaining that electric vehicles haven’t displaced much gas usage yet is a bit like complaining that the fire department hasn’t put out the fire when they’re still unfurling the hoses.

Also read: What California’s ban on gas cars could mean for you—even if you don’t live there

But, to date, the numbers are unimpressive. EVs reduced national gasoline consumption in 2021, Argonne says, by just 0.54%.

This story originally ran on KBB.com

Dow Jones Newswires: Turkey inflation eased in November for first time in more than a year

Previous article

Kelley Blue Book: Why Americans are more annoyed with their car purchases

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News