![]() CostsĪlthough energy costs for electric vehicles are generally lower than for similar conventional vehicles, purchase prices can be significantly higher. Plug-in hybrid electric vehicles (PHEVs) and all-electric vehicles, also referred to as battery electric vehicles (BEVs), are both capable of being powered solely by electricity, which is produced in the United States from natural gas, coal, nuclear energy, wind energy, hydropower, and solar energy. ![]() ![]() Hybrid electric vehicles (HEVs) typically use less fuel than similar conventional vehicles because they employ electric-drive technologies to boost vehicle efficiency through regenerative braking-recapturing energy otherwise lost during braking. ![]() All of this adds to our nation’s energy security. The multiple fuel sources used to generate electricity results in a more secure energy source for the electrified portion of the transportation sector. Using more energy efficient vehicles like hybrid and electric vehicles supports the U.S. ![]() Overall, the transportation sector accounts for approximately 30% of total U.S. The United States became a net exporter of petroleum in 2020 with exports surpassing imports, although imports of 7.86 million barrels per day remained an important part of balancing supply and demand for domestic and international markets. ![]()
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