How much can a motorist save using an electric vehicle over a conventional car?

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How much can a motorist save using an electric vehicle over a conventional car?
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According to the Department of Energy's (DOE) Energy Utilization and Management Bureau Director Patrick Aquino, here are the benefits of using an EV (electric vehicle) over an ICE (internal combustion engine) or a conventional one. | via IMReadyPH READ:

Photo: Electric Vehicle Association of the Philippines

“For an estimated average travel of 300 kilometers per month, EV users can save up to P1,000.00 compared to using ICE vehicles,” Aquino said. “The increase in temperature speeds the chemical reactions within the battery. While the increase in chemical reaction speed can increase the output of the battery, but also increases the speed of battery degradation. Thus, quality batteries like lithium-ion batteries with battery management systems are suitable for Philippine conditions,” the DOE official said.

“Shifting to EVs can reduce the oil consumption to around 43 liters of gasoline per 300 kilometers or equivalent to 98.9 kilograms of carbon dioxide CO2 avoidance ,” the Energy official said. “More and more charging stations are now available and in fact it spread through the North as far as La Union, Baguio, Aurora and Isabela provinces. EVIDA helped the industry to take off and that awareness is the key to inform the market,” Araga said.“The only hurdle at the moment is still on financing that we are hoping that commercial banks would be open to this,” Araga said.

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