The Energy Consumer's Bulletin- a New England energy news blog

Why 2016 Is the Time to Buy an Electric Vehicle

Posted by Anna Vanderspek on Friday, February 12, 2016 @ 04:44 PM

2016 is the time to buy an electric vehicle. Why? Technology has made huge advances, costs have come down, and federal and state policies will help support your purchase. And if we want to meet our greenhouse gas emission goals, we need to electrify our transportation as quick as we can.

First, though, let's run through a quick refresher on what an "electric vehicle" even is.

Your basic conventional car runs on an internal combustion engine: you add a fuel (gasoline, diesel fuel, or ethanol), it ignites and releases energy that is translated into motion. In the process, however, the vehicle releases carbon dioxide, one of the greenhouse gases contributing to climate change. In the United States, the transportation sector is responsible for 27% of our greenhouse gas emissions.

An electric vehicle (EV), in contrast, runs on an electric current. There are three main types of vehicle commonly called "electric", and it's worth knowing the difference:

  • Bolt_EV.jpgAll-electric vehicles run only on electricity. With a battery EV (BEV), you charge the car's battery with electricity. That battery then powers the electric motor, which propels the car forward. Since the car itself is not burning a fuel to generate movement, there are no tail-pipe emissions. Instead, the carbon footprint of a BEV depends on how the electricity that runs it is produced.

    The Nissan Leaf serves as a good example of an affordable BEV, boasting a range of 84 to 107 miles per charge (depending on battery size). Tesla offers higher-end BEVs with ranges of 200 or more miles per charge. Chevrolet is coming out later this year with a 2017 Bolt (featured below with President Obama) that will have a range of 200 miles per charge.

  • Hybrid plug-ins (PHEVs) combine a battery-powered electric motor with an internal combustion engine. The idea here is that you charge your vehicle with electricity and use it much like an all-electric vehicle. However, if and when you run out of charge, the internal combustion engine serves as a back-up. While running only on electricity, a PHEV's carbon footprint again depends on the fuel mix that generated the electricity. As soon as the internal combustion engine switches on, the engine's tail-pipe emissions add to the vehicle's carbon footprint.

    For an example of a practical, extended-range PHEV, check out the 2016 Chevrolet Volt, which offers a range of 53 miles on one electric charge and 420 miles with a full charge and a full tank of gas.

  • Hybrid electric vehicles (HEVs) also combine an internal combustion engine and an electric propulsion system. HEVs are “charged” with gasoline; you cannot plug them in to charge them with electricity. However, HEVs are more efficient than traditional internal combustion engines because they take advantage of technologies such as regenerative braking. For an example of an HEV, take a look at the Prius.

The key with electric vehicles is that, even with the emissions from electricity generation, switching to an electric vehicle from a gasoline-powered car reduces greenhouse gas emissions (see below). Our New England power grid is greener than gasoline (especially with the help of programs like Massachusetts’ Renewable Energy Portfolio Standard (RPS) and Rhode Island's Renewable Energy Standard (RES)).

So, why should you buy an EV, and why should you do it in 2016? There are four main reasons.

1. Replacing conventional internal combustion vehicles with electric vehicles reduces greenhouse gas emissions and improves air quality.

Even if you don't green your electricity and just buy whatever your utility provides, running an electric vehicle produces far fewer emissions than driving around town with a conventional vehicle.  The U.S. Dept. of Energy has a web site that allows you to compare the emissions of various types of cars (electric and conventional) depending upon your zip code. (The fuel mix used to generate the electricity you consume varies by zip code.) Here is a graph showing the environmental payoff of EVs in MA & RI according to the data from the Dept. of Energy:

Green_Cars_Emissions-01.png

The environmental benefits of EVs are only increasing over time. While our grid is getting greener, the process of extracting and refining gasoline is getting dirtier. In fact, from 2005 to 2014, the emissions from extracting and refining a gallon of gasoline increased by 30% according to this research by the Union of Concerned Scientists.

But – if you buy green power from Mass Energy or People’s Power & Light, you can actually drive your car emission-free!

Make the switch to green power so you can drive emission free with an EV

2. EVs are cheaper to operate than conventional vehicles.

When you power your car with electricity, you pay less per mile than with a conventional vehicle (even with New England's relatively high electric rates and today’s lower-than-usual gasoline prices). Not to mention the costs of tune-ups, oil changes, and more that you can forgo with an electric vehicle. 

Ben Paulos wrote a good article about the cost to own an EV. When doing the math for yourself, be sure to factor in both the $7,500 federal tax credit and state rebates of up to $2,500 (more on those below); the graph shown here (from Paulos’ article) might not perfectly capture car purchase prices after those rebates.

5yr_cost_of_ownership_for_selected_vehichles.png

As Paulos pointed out, it’s easy to find an EV that costs less than the average new car, especially when taking the tax credit and rebates into account.  When our Executive Director was shopping for an EV, he found that the true cost of ownership for a 2015 Volt was better than that of a 2015 Prius plug-in because the Volt was eligible for a larger state rebate and a Volt can be driven many more miles in a year on electricity than a Prius plug-in. In fact, Chevy’s Volt and Spark were both recently awarded Kelley Blue Book’s 2016 5-Year Cost to Own Awards.

3. EV technology keeps getting better and EV prices are going down.

EVs are more efficient and offer longer ranges than ever before. According to the Federal Highway Administration, the average American drives 13,476 miles each year; that amounts to about 35 miles per day. So, charging your EV overnight should be more than enough for most daily driving. And charging stations are popping up more and more in public places and office buildings.

To find out more about what cars are available, we highly recommend www.greenercars.org, www.greencarreports.com, and the U.S. Dept. of Energy’s fueleconomy.org site.

4. Government support will help cover the costs of purchasing an EV.

The federal government offers a tax credit of up to $7,500 on certain models of EVs purchased after 2010. BEVs qualify for $7,500; PHEVs for anything from $2,500 to $7,500, depending on the model.

States also offer incentives for electric vehicle purchases. In Massachusetts, the MOR-EV program offers rebates of up to $2,500 for the purchase of new electric vehicles. In Rhode Island, the recently unveiled DRIVE program does the same. Funding for both state rebates is limited (especially in Rhode Island).

So there's not much time to waste!

Even with all of this information, you may still be asking, "couldn't I get a better car by waiting another year?" To that, the answer is yes. However, we hope you'll consider purchasing an electric vehicle now, in 2016, for several main reasons:

  • Your new EV will be more efficient and easier on your pocket than a gasoline-powered car.
  • By buying an EV in 2016, you're sending an important signal to both your friends and carmakers. Our Executive Director bought a 2015 Volt knowing that the 2016 Volt would be better, but he wanted to replace his 13-year-old Prius and send a signal to General Motors that EVs are worth buying.
  • Those state rebates are only good as long as funding lasts, and there's no guarantee they'll be renewed once existing funds have been used up.

The Big Picture on EVs:

Both Massachusetts and Rhode Island have clean energy and climate plans designed to reduce greenhouse gas emissions 80% by 2050. Both states’ plans rely on dramatically increasing the number of electric vehicles to meet those emissions goals.  And in 2014, both states signed onto an agreement with six other states to get 3.3 million EVs on the road by 2025. Massachusetts' share of that goal is 300,000, but so far it only has 5,000.  Rhode Island’s goal is 43,700, but so far it has less than 1,000.

So obviously we need to accelerate adoption of electric cars. Sometimes to get something of great value, you need to pay more – renewable energy, organic food, etc. But sometimes, as in the case of EVs in 2016, you get a better product for less. If you are already a member of our green power program, you've already taken a huge step by greening your electricity. Purchasing an EV the next time you're considering buying a car is simply the next important step you can take!

Note: At all of our upcoming events, we will have an EV showcase. Come and test drive an electric vehicle, or, if you're already the proud owner of an EV, come show-and-tell! Watch out on our website here for upcoming opportunities.

Tags: Electric vehicles/Transportation, Our programs

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