WASHINGTON, D.C. – Today’s Bureau of Labor and Statistics Consumer Price Index once again shows that gas prices will remain high and unpredictable. The Zero Emission Transportation Association’s (ZETA) recent analysis of electric vehicle costs across sixteen states shows that electric vehicles are saving and will continue to save consumers money on gas and maintenance costs, which are inherent to traditional gas-powered vehicles as prices at the pump stay high and unpredictable for customers into the new year. The three gas-powered vehicles featured in the data set are leading the auto industry and represent the most popular vehicles in the SUV, pickup truck, and sedan categories. For each of these vehicles and in all of the states analyzed, these vehicles’ EV analogues are far cheaper to drive and are saving consumers money.
“Gas prices are still high, and families are losing money at the pump to prices that are consistently unpredictable and unaffordable in an already-expensive pandemic year. Our analysis shows that American consumers don’t have to choose between driving their car or saving money. Electric vehicles are affordable now” said Joe Britton, the Executive Director of ZETA. “EVs deliver on functionality and create cost savings in a big way, making the choice between clean energy and toxic fuels an easy one. As the Build Back Better Act moves through the Senate with transformative investments to electrify the transportation sector and bolster domestic auto manufacturing, EVs’ sticker prices and total cost of ownership will only continue to plummet, paving the way for electric vehicles to become the new–and affordable–normal in the United States.”
Here are some key facts from the report:
Find the entire analysis here.
The Zero Emission Transportation Association (ZETA) is a federal coalition focused on advocating for 100% EV sales by 2030. ZETA is committed to enacting policies that drive EV adoption, create hundreds of thousands of jobs, secure American global EV manufacturing leadership, drastically improve public health, and significantly reduce carbon pollution.