Robert Roth
Oct 26, 2023

Side note: The $370 Billion Inflation Reduction Act will have a payback of about 12 years just from the accelerated conversion of gas or diesel vehicles to electric power. The cost saving of using electric power instead of fossil fuel for light vehicles or trucks is about 70%. By 2033 the US is on track to reduce gasoline consumption by 50%, so annual savings of $270 billion for the US economy.

By 2026 the cost of EV will be = the fossil fuel or less in the case of high fossil fuel use per year cases:

https://bob-n-martha-roth.medium.com/ev-dreams-oil-653a9b9db01

Robert Roth
Robert Roth

Written by Robert Roth

Retired Intel Electrical Engineer, 70's US Navy Officer Nuclear Power Program, Graduate studies in Business UC Berkeley, BSEE U of Fla.

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