Electric vs. gasoline vehicles: Is EV ownership competitive in your area?
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A new University of Michigan School for Environment and Sustainability (SEAS) study, published in the Journal of Industrial Ecology, found that gasoline vehicles are generally less expensive to purchase, but electric vehicles are less expensive over time through lower maintenance, repair and fuel costs. Whether or not the EV will break even with a similar gas vehicle depends on where the vehicle is operated, how the vehicle is charged and driven, and the size and range of the vehicle.
The study was conducted by a team of researchers from the Center for Sustainable Systems, housed at SEAS. The lead author is Maxwell Woody, a doctoral student, and the senior author is SEAS Professor Gregory Keoleian. The other authors are Shawn A. Adderly and Rushabh Bohra.