Electric Vehicles
Mid-priced ICE cars cost $11 to drive 100 miles; comparable EVs cost $12 to $16 depending on charging modality East Lansing, MI–August 1, 2023: Anderson Economic Group has released fueling cost estimates for comparable internal combustion engine (ICE) vehicles and electric vehicles (EV) in the first half of 2023. AEG followed the rigorous methodology it […]
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. […]
This release updates our analysis first published in Real World Cost of Fueling EVs and ICE Vehicles. 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 […]
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 […]