All EV drivers can save money, but Massachusetts drivers save the least

Drivers in all 50 US states could save money by switching from gas-powered cars and trucks to electric vehicles, adding up to almost $1,100 a year for an average consumer, according to a new analysis. But Massachusetts drivers would save the least, due in part to the region’s high electricity rates.

But the picture should improve for Massachusetts EV drivers as the state adds more renewable energy projects and reduces reliance on higher-cost natural gas generation, said Kyle Murray, Massachusetts Program Director at the nonprofit Acadia Center in Boston.

“The state continuing to keep the pedal to the metal … on solar and other low-cost renewables will be incredibly important,” Murray said. And the state is moving towards enacting lower electricity rates at night when the grid has excess capacity, which would reduce the cost of charging EVs at home overnight, he said.

To read the full article from the Boston Globe, click here.