Electric Vehicles
East Lansing, MI–January 25, 2023: Anderson Economic Group has released the results of their recent analysis on the state of the electric vehicle charging infrastructure in Michigan, finding that it continues to be inadequate for the demand. Findings. There are currently 200 public DC fast charging stations and 908 Level 2 charging stations across Michigan. […]
Drop in gas prices gives cost advantage back to ICE-powered vehicles for the first time since the second quarter of 2021. East Lansing, MI–January 24, 2023: 2022’s final quarter brought relief at the pump for drivers of traditional Internal Combustion Engine (ICE) vehicles as the cost to drive 100 miles dropped by more than $2. With […]
The County Road Association of Michigan retained Anderson Economic Group to study the road funding ramifications posed by the increasing adoption of electric vehicles in the state. The work took place over a period of nearly one full year and was directed by AEG’s Tyler Theile and Cristina Benton. They conducted a careful analysis of […]
BEV market-share jumped to 5.2% in Q3 2022, thanks primarily to Tesla Sales East Lansing, MI–October 13, 2022: In the third quarter of 2022, the share of BEVs in the U.S. auto market reached 5.3% after selling around 176,000 units in Q3 2022, slightly higher than the previous quarter. In the same quarter of the […]
Mid-priced EVs cost their drivers $0.50 more in Q3, Mid-priced ICE up only $0.16 Print or download release East Lansing, MI–October 10, 2022: In the third quarter, the cost to fuel traditional vehicles powered by internal combustion engines (ICE) rose modestly from Q2. However, the $0.16 increase is notably less than the $0.50 increase in […]
An estimated 3/4 of recent EV purchases would no longer qualify for tax credits under the proposed “Inflation Reduction Act” August 9, 2022 – East Lansing, Michigan: An analysis by the automotive industry experts at Anderson Economic Group indicates that the “Inflation Reduction Act” bill passed by the Senate on Sunday August 9 contains at […]
Cost to fuel a mid-priced EV up more than $2 over 2021 Q2 prices Print or download release East Lansing, MI–August 1, 2022: The cost of fueling a traditional Internal Combustion Engine (ICE) vehicle grew by about $2 per 100 miles in the second quarter, driven by the high cost of gas. In the same […]
Cost to fuel a mid-priced EV up less than $0.10 over 2021 prices Print or download release East Lansing, MI–May 11, 2022: The cost of fueling a traditional Internal Combustion Engine (ICE) vehicle grew by more than $1.30 per 100 miles in the first quarter, driven by the high cost of gas. In the same […]
Authored by: Patrick L. Anderson, Principal and CEO Alston D’Souza, Senior Analyst Approach As in the first edition, AEG calculated all four categories of costs involved in fueling both EVs and ICE vehicles across benchmark use cases that reflect real-world driving conditions for U.S. households. The costs included: The cost of the underlying energy (gasoline […]