If every car owning American owned an all electric vehicle opposed to a gas one, how much money would we save?

Or, how much will the percentage of money the U.S. spends on oil drop or increase?

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  • Will T
    Lv 4
    7 years ago
    Favorite Answer

    Great Question.

    I agree with Daliha on the whole, but don't forget that another con of electric cars is that the battery is never yours, even if you have paid for the car. Most manaufacturers lease you the battery.

    So (although I love the idea) at the moment electric cars are expensive, don't go very far, and there are very few places to charge up.

    I think americans need to open their eyes to fuel efficient cars, popular choices in the US:

    http://www.businessinsider.com/best-selling-vehicl...

    Whilst in the UK:

    http://www.thisismoney.co.uk/money/cars/article-23...

    You know it is possible to have a fuel efficient engine that is powerful. I have a 1.9 litre diesel car it does 55 mpg and does 0 - 60 in under 10 seconds. This engine will also tow 2 tonnes of logs or what ever, and will last for 250,000 miles if regulalry serviced.

    So why is evryone in the states driving cars that use so much fuel?

    Also don't forget supply and demand if eveyone starts switching to electric cars, the price of electricty will go up.

  • 7 years ago

    Your last question first: 70% of refined oil products are used in transportation. This includes ships, cars, trucks and airplanes however only about 10% of that is not used for land transportation. Not only do petrol engines require oil for fuel but also for lubricants in the engine as well as in the also required transmission. All this is eliminated with the electric vehicle.

    In addition when oil was first refined we were spending the equivilent of about 1 barrel of oil to refine about 80 barrels of oil. Now we are down to about 1 barrel of energy for every 8 barrels of oil. With tar sands and oil shale the energy expenditure is approximately 1 to 2 barrels recovered.

    Considering both of these factors a drop of between 50% to 75% in our national oil bill would seem reasonable. As more than half of our oil usage is from foreign sources, this is approximately equal to about 1/2 our national deficit in balance of trade. (Because national oil production has increased substantially in the last few years.)

    This also does not count the benefit of such a substantial decrease in levels of pollution from refining and burning fuel. These externalities include health care costs, clean up costs from oil spills and general quality of life.

    Concurrently we would see domestic infrastructure building increase to accommodate the new industry. We presently have enough electric production to charge 86% of the US fleet if it were switched to electric and the vehicles were charged off peak, at night. The increased efficiency, especially in predominately base load power plant areas like the midwest could lead to either an electric rate decrease or a means to pay for added transmission capability.

    There are some who feel that such a massive shift in development would likely jumpstart the economy as the power, influence, and subsidies that oil companies presently enjoy would be relaxed.

    But people fear change and even some who do not benefit financially from oil and who are adversely impacted by fossil fuel support or promote the use of polluting fuels.

  • 7 years ago

    Since the U.S. uses 3.4 billion barrels of gasoline a year and a barrel has 42 gallons at $4.00 a gallon we would save $571 billion on gasoline. However electric cars cost more to make than gasoline cars. For example a new Nissan Leaf costs $29,000 versus $12,000 for a Nissan Versa. If someone bought a leaf instead of a Versa they would need to drive 123,250 miles before they got the additional $17,000 back they spent to buy the leaf (assuming the electricity was free, which it isn't). By the way if everyone switch to electric cars tomorrow, we would need to build new electricity power plants which would cost billions and would most probably burn oil or natural gas. So while we would use less gasoline, we would not save money.

  • Marduk
    Lv 7
    7 years ago

    What does it cost to get rid of a 500 lb battery? I get a kick out of this stuff. Many years ago in the 70's there were bumper stickers about Split Wood Not Atoms! Then the environuts found that wood comes from trees and wood smoke is UNCLEAN! Oh, what a joy it was to see the original TREE HUGGERS! Now they are pushing for 200,000,000 500lb batteries. Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha!

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  • 7 years ago

    four dollars.

  • 7 years ago

    A lot!!!

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