Electric Vehicles Can Save “Ridesharing” Drivers a Lot of Money Every Year.

Ridesharing Made More Affordable by EVs
The mobility team at Rocky Mountain Institute (RMI) targeted high-utilization vehicles for electrification, as they demonstrate the best economics for EV operation and the highest potential for carbon offset.  For the past two years, RMI partnered with the City of Austin, Texas, to support its mobility goals toward developing shared, electric, and autonomous mobility services.  Austin offers unique EV charging programs that further bolster the economic savings of driving an electric vehicle.  In Austin the electric utility provides a rebate of up to 50% for a home charging station, a Level 2 charging station that can be purchased and installed for around $1,200.

The regional electricity average is about 12.5 cents per kilowatt-hour, which means an estimated equivalent of $0.86 per gallon.  Of course many utilities have an EV program of some sort that can improve your costs, so look into those options for your locale.
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Significantly cheaper EV operation and maintenance compared to similar gas cars, even though they have higher upfront price tags, often result in EVs being more affordable, and better overall for the environment.  Those fuel and maintenance savings can be further passed down to other more important things and quickly find their way into local communities.

Based on RMI’s calculations, full-time TNC drivers working 50 hours a week can save an average of $5,200 per year in total vehicle expenses with an EV as compared to a typical gas vehicle.

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