{"id":46946,"date":"2024-04-30T11:42:06","date_gmt":"2024-04-30T10:42:06","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=46946"},"modified":"2024-04-30T11:42:06","modified_gmt":"2024-04-30T10:42:06","slug":"argonne-fuel-cost-calculator-shows-financial-benefits-of-evs","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/argonne-fuel-cost-calculator-shows-financial-benefits-of-evs\/46946\/","title":{"rendered":"Argonne fuel cost calculator shows financial benefits of EVs"},"content":{"rendered":"

Argonne National Laboratory has launched a fuel cost calculator tool to show motorists how much money they can save by switching to an electric vehicle (EV).<\/h2>\n

The tool enables drivers to estimate fuel savings at the ZIP code level by transitioning to either a plug-in hybrid (PHEV) or a battery electric vehicle (BEV).<\/p>\n

The fuel cost calculator is expected to accelerate the uptake of EVs<\/a> by demonstrating the vast financial benefits.<\/p>\n

Xinyi Wu, a transportation systems analyst in the\u00a0ESIA\u00a0division and lead author of the report, explained: “When more individuals choose to drive BEVs, they’re not only contributing to cleaner air \u2014 they can also enjoy significant cost savings for themselves.<\/p>\n

\u200b”With this tool, individuals can now see just how much they can save based on where they live and how much they drive.”<\/p>\n

The tool is freely available to the public and can be accessed here.<\/a><\/p>\n

Cost benefits of EVs<\/h3>\n

The fuel savings tool was developed following a recent Argonne report that investigated how local factors such as fuel and electricity costs can impact a person’s savings and how they can reduce greenhouse gas emissions where they live.<\/p>\n

Using the tool known as the ‘Driving Electric: Local Fuel Savings Calculator,’ drivers can enter their ZIP code, vehicle size, model year, tank size, fuel economy and annual mileage to calculate potential savings.<\/p>\n

Compared to traditional ICE vehicles of equivalent size, the tool showed that motorists could save an average of $2,200 annually by switching to a BEV.<\/p>\n

These cost savings were highest in areas with high gasoline prices, low electricity prices, preferences for larger vehicles and high annual mileage.<\/p>\n

For drivers of PHEVs, savings of up to $1,500 per year can be expected.<\/p>\n

Yan Zhou, principal transportation systems analyst in the ESIA division at Argonne, commented: “Driving a plug-in electric vehicle rather than a conventionally fuelled vehicle results in fuel cost savings and reduced greenhouse gas emissions in more than 99% of US\u00a0ZIP\u00a0codes.”<\/p>\n

Reducing greenhouse gas emissions<\/h3>\n

Using a ‘well-to-wheels’ approach, the tool examined the impact of EVs on greenhouse gas emissions over the vehicle’s entire life cycle.<\/p>\n

The fuel cost calculator found that BEV drivers can save nearly five tons of carbon dioxide equivalent for every 10,000 miles driven.<\/p>\n

“When more individuals choose to drive BEVs, they’re not only contributing to cleaner air \u2014 they can also enjoy significant cost savings for themselves,” added Zhou.<\/p>\n","protected":false},"excerpt":{"rendered":"

Argonne National Laboratory has launched a fuel cost calculator tool to show motorists how much money they can save by switching to an EV.<\/p>\n","protected":false},"author":15,"featured_media":46959,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[24425],"tags":[582,24229],"acf":[],"yoast_head":"\nArgonne fuel cost calculator shows financial benefits of EVs<\/title>\n<meta name=\"description\" content=\"Argonne National Laboratory has launched a fuel cost calculator tool to show motorists how much money they can save by switching to an EV.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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