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EVR Research

Transportation Electrification Potential Benefits

  • Electric vehicles (EVs) can attain unlimited driving range
  • Up to estimated 30% savings on purchase price and 75% savings on operating costs compared to traditional, gasoline-powered vehicle
  • Significant drops in environmentally toxic EV battery production
  • An overall 60% drop in the cost of owning and operating a personal vehicle
  • The birth of a new generation of engineers, construction crews, vehicle manufacturers, and researchers that design, build, and maintain an advanced EV network
  • Estimated 20% reduction in air pollution and 10% reduction in CO2 emissions in United States by 2035 (with EV market penetration of 20% by 2035)