Full Title: Electric Vehicle Cost-Benefit Analysis
Author(s): M.J. Bradley & Associates 2017
Publisher(s): Natural Resources Defense Council
Publication Date: October 1, 2017
Full Text: Download Resource
Description (excerpt):
This study estimated the costs and benefits of increased penetration of plug-in electric vehicles (PEVs) in the state of Illinois. The study estimated the benefits that would accrue to all electric utility customers in Illinois due to greater utilization of the electric grid during off-peak hours, and increased utility revenues from PEV charging. In addition, the study estimated the annual financial benefits to Illinois drivers from owning PEVs—from fuel and maintenance cost savings compared to owning gasoline vehicles—and societal benefits resulting from reduced gasoline consumption and associated greenhouse gas (GHG) emissions.
Two different PEV penetration levels between 2030 and 2050 are utilized to estimate costs and benefits. 1 The “Moderate PEV” scenario is based on levels of PEV penetration included in an on-going future planning analysis being conducted by the Midcontinent Independent System Operator (MISO), which is the regional transmission organization (RTO) that covers most of Illinois2 . The “High PEV” scenario is based on Bloomberg New Energy Finance’s (Bloomberg) July 2017 global outlook of PEV sales through 2040