Expanding the use of electricity in transportation saves money, improves sustainability, and enhances quality of life for everyone. Electrifying transportation benefits all customers by increasing and optimizing the use of the energy grid, lowering the average cost for customers, and enhancing the integration of renewable energy resources.
- Greater EV Efficiency Saves Money
Electric vehicles have lower fuel and maintenance costs than traditional equivalents.
- Electrifying Transportation Reduces Emissions
AES and other energy producers have worked to reduce carbon dioxide emissions from our energy mix. As a whole, the electric power industry has reduced carbon dioxide emissions 28 percent below 2005 levels as of 2017, the lowest annual emissions level since 1988. Since 2016, greenhouse gas (GHG) emissions from the transportation sector have surpassed those from the electric power sector. Widespread adoption of EVs could reduce GHG emissions by the equivalent of removing 100 million conventional vehicles from the road.
- Driving Economic Growth
The continued growth of electric transportation options could increase economic output by billions of dollars and generate hundreds of thousands of new jobs, while also saving customers money to use on other goods and services.
Did you know?
- More than 50% Cleaner
EV drivers spend the equivalent of about 80 cents per gallon.*
- 1 Million EVs on the Road
There are more than 1 million electric vehicles on U.S. roads. EEI predicts this number will be up to 18.7 million by 2030.
*According to the U.S. Department of Energy Alternative Fuels Data Center