Promoting electric drive technologies and infrastructure

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Electricity

 
The use of electricity as the energy for transportation has many benefits.. Some of the most exciting challenges and opportunities include the development of a smart grid, electricity storage and frequency regulation.

Key facts


"Buying electricity [to be used in an electric vehicle] is approximately equivalent to buying gasoline at $1 per gallon" (Plugging-In)


"The U.S. average annual residential electricity consumption is 12,231 kWh, while the Chevy Volt's annual electricity consumption is only 1,890 kWh" (Marrying Electric Transportation to the Electric System)


"73 percent of the nation's light vehicles could be recharged with existing excess utility capacity" (Impacts Assessment)


"Approximately 160 million vehicles in the United States could be powered solely from existing off-peak generating capacity" (How the Smart Grid Enables Utilities to Integrate Electric Vehicles)


"Increasing the electricity cost by 100% (from $0.12 to $0.24 per kWh) increases the net present cost of an EV relative to a conventional gasoline powered vehicle by $1,606, but raising gas prices by 100% (from $3.75 to $7.50 per gallon) increases the net present cost of a conventional vehicle by $6,453" (Will Electric Cars Transform the U.S. Vehicle Market?)


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