Electric vehicles vs hybrid vehicles
In a recent publication of the International Council for Clean Transportation , Peter Slowik has revealed that technology development and fuel costs have helped reduce the total cost of owning and operating a battery electric vehicle (BEV), which is now less than that of comparable gasoline and hybrid models in some U.S. cities. Studies suggest that BEV costs may fall further; battery and manufacturing costs, which make up a significant share of total vehicle cost, are decreasing at about 6% each year, according to the National Research Council and other recent research.
Public policy support has also been crucial to achieving that cost parity, or superiority. And extension of federal, state, local, and public utility BEV promotion policies will be crucial for continued growth through 2020. That’s one reason why the recent formal launch of the International ZEV Alliance – a consortium of governments which aims to accelerate global adoption of electric and other zero emission vehicles by setting ZEV targets, sharing data and best-practice government actions, and increasing education and awareness – is such an encouraging sign.