Hellbender Press - Stan Cross and Heather Pohnan

Because most electricity is generated locally, shifting to electric transportation might save consumers money at the plug.

(This story was reported and written by the Southern Alliance for Clean Energy).

Electrifying transportation could provide an economic boon for Alabama, Georgia, Florida, North and South Carolina, and Tennessee. That’s what the Southern Alliance for Clean Energy (SACE) reveals in a new analysis, “Retained Transportation Fuel Spending in the Southeast: Electric vs. Internal Combustion Vehicles.”

SACE analyzed how much consumers spend on gas and diesel and how much of that transportation fuel spending remains in a given Southeast state and how much leaves. The analysis then looked at what happens if all on-road gas and diesel-powered cars, trucks, and buses are replaced with vehicles that drive entirely on electricity.

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What We Found: $47 Billion on the Table

FUELING TRANSPORTATION IS EXPENSIVE

Southeast consumers spend approximately $94 billion on gas and diesel fuels annually. And because the region has nearly no oil production or refining operations, only about one-third of that amount — approximately $30 billion — is retained in our region’s economy, and the rest leaves to pay for the imported fuels. That adds up to $64 billion leaking out of our region’s economy every year.

Stan Cross and Heather Pohnan

Report: Electric vehicles could add $47 billion annually to Southeast economy

Because most electricity is generated locally, shifting to electric transportation might save consumers money at the plug.

What We Found: $47 Billion on the Table

FUELING TRANSPORTATION IS EXPENSIVE