EV Facts

EV Facts

Over the last decade, broad awareness of battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs) and fuel cell electric vehicles (FCEVs) has dramatically increased. We’re on a mission to educate the public about all the benefits of driving electric. Discover the facts below!

2024 Chevrolet Equinox EV

FACT:

An electric vehicle costs significantly less than a gas-powered vehicle over the vehicle’s lifetime.

The cost of purchasing a new EV is dropping, with many new EVs already being cost-competitive with new gas vehicles. And, an increasing number of used EVs are becoming available with even more affordable price tags.

Because EVs offer far lower fuel costs, require roughly 100 fewer parts and have lower maintenance costs, you can save significantly by driving electric over the lifetime of your EVs compared to the higher lifetime costs of buying, operating, and maintaining a gas-powered vehicle.

FACT:

EVs can meet — and often exceed — your average daily driving needs.

Americans drive an average of 40 miles daily. The average range of an EV is now almost 300 miles per charge, and some newer models boast over 400 miles, easily exceeding most daily driving needs.

Plus, unlike gas vehicles, the majority of refueling for EVs can be done right at home. When home charging isn’t an option, DC fast chargers across the nation’s traffic corridors offer full EV recharging in as little as 15 minutes to keep you on the road and moving forward with ease.

Indoor Electrify America Charging Station

FACT:

Public charging is more accessible than ever, with more on the way.

With charging available at home and work, we don’t need as many charging stations as we have gas stations. Regardless, there are now almost 8,200 fast chargers across the country – one for every 15 gas stations – and 64% of Americans live within just two miles of a public charging station.

In addition, many of the nation’s leading charging providers have committed to moving to Tesla’s NACS connector and Tesla’s vast network of chargers is being opened up to non-Tesla EVs to charge.

  • Many states are leading in infrastructure investment. For example, the California Energy Commission approved $1.9 billion for EV charging and hydrogen refueling in 2024. This funding builds on $1.8 billion already invested and will help deploy 40,000 new public EV chargers statewide. Disadvantaged or low-income communities received 59% of the funding.
  • BMW, General Motors, Honda, Hyundai, Kia, Mercedes, and Stellantis are working together on the IONNA network that will bring 30,000 charging stations to the U.S. market by 2030.
  • Electrify America has more than 4,000 individual chargers in North America across 47 states, plus D.C. and six provinces in Canada, and plans to reach 5,000.
Electrical Towers

FACT:

The electrical grid and consumers benefit from more EVs plugging in.

Not only can the electrical grid handle the minimal increase in energy demand from EVs, but EVs can also benefit the grid and consumers. EVs can help drive average electricity rates down for consumers and support the grid by storing and managing energy more efficiently for homes and communities with vehicle-to-grid technology.

Woman chargine EV at EVgo Fast Charger

FACT:

EVs produce less pollution than gas-powered cars, from the assembly line to the recycling plant.

As the electrical grid shifts to more renewable energy sources, pollution from EVs shrinks even further. EVs emit a fraction of the amount of climate pollution compared to a gas-powered car over the lifetime of the vehicle.

2023 GMC Hummer EV Truck

FACT:

There are 100+ different electric vehicle models available today to meet the unique needs for more and more EV drivers.

Plus, manufacturers are debuting more makes and models every year. With instant acceleration, driving electric is fun, fast and powerful.

  • Most EVs on the market today go from 0-60 mph in less than 8 seconds, some in less than 3. They are among the speediest on the market, and far faster than most gas-powered vehicles. (Motortrend)
  • Dozens of new passenger EV models will hit the US market in the next two to three years. These are finally addressing the light truck, SUV, and crossover markets in large numbers. (Car and Driver) (BNEF)
  • There are 108 light-duty EV models available in California, according to the Quarterly EV Market report.

FACT:

EV sales continue to grow.

People who choose to drive electric are more likely to drive electric again. Meanwhile, gas-powered vehicle sales have been steadily declining, showing that demand for EVs is outpacing the demand for traditional combustion engine vehicles.

Tesla Interior Display

FACT:

EV industry growth is good for the economy and jobs.

Global markets are building out charging networks, investing in battery manufacturing, and improving an already superior technology generation after generation. The EV industry is a growing pillar of the U.S. economy, driving investment in battery and vehicle manufacturing, creating good jobs across the country, and competing in the race to electrify.

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