Study: Greater Efficiency Can Cut EV Cost by $5,000

New research from the American Council for an Energy-Efficient Economy (ACEEE) finds that making average electric vehicles as efficient as their higher-performing peers can reduce the Read the White Paperupfront cost of an EV by almost $5,000 and cut charging costs by nearly a third. Improving the efficiency of a 300-mile-range EV can give it the same range with much smaller batteries, significantly cutting costs.