By JR on Saturday, July 30, 2011
A new report from the Electric Power Research Institute exposes EVs as pointless even under the rosiest scenario.
First, assuming that 35 million EVs are sold by 2030, EPRI estimates that gasoline savings would amount to 7 billion gallons annually. But in 2010, Americans burned 378 million gallons of gas per day. So the 2030 EV gasoline savings amount to a mere 5 percent of 2010 usage. Giving growing world demand for gasoline, a growing US population and (hopefully) a growing US economy, this projected “savings” would likely be meaningless.
Next, the 35 million vehicle-sold scenario is estimated to reduce carbon dioxide (CO2) emissions by 90 million tons annually by 2030 — i.e., about 1.2 percent of current U.S. greenhouse gas emissions and about 0.003 percent of current global emissions. So greenhouse gas-wise, EV’s are a trivial pursuit.
Of course, selling 35 million EVs is somewhat of a fantasy to start with as only several thousand EVs have been sold this year at great taxpayer expense. So actual gasoline and CO2 savings are likely to be even less impressive.
EPRI probably didn’t intend to debunk EVs as it is the research arm of the electric power industry, which is understandably salivating at the prospect of the EV boondoggle. So we can safely assume that the facts presented in EPRI’s report put EVs in the best light possible — and they still don’t make sense.
Don’t forget that with the current $7,500 per vehicle tax credit, all this failure would only cost taxpayers $260 billion!