The U.S. Department of Energy posted its Fact of the Week on Monday and it might be quite a surprise. The majority (59.4%) of one-way household trips are less than six miles in length. Stretching a trip to 10 miles pushes the percentage to more than 75%.
The Energy Department defines a vehicle trip as one start and end movement from point A to point B, regardless of the number of people in the vehicle. A multistop trip to the grocery store, dry cleaner and gym does not count.
Why, then, are U.S. drivers and carmakers so concerned about range for electric vehicles, where all-electrics like the Tesla vehicles and the Chevy Bolt or plug-in hybrids have ranges of around 100 miles or much more? After all, for most trips, a range of 30 miles or so appears to be plenty of juice.
Range anxiety, as the phenomenon is called, is exacerbated by relatively long charging times. If you’re a little low on gas, a five-minute stop at one of the 135,000 or so U.S. gas stations takes care of the problem.
If you’re low on juice, it can take hours to re-energize a battery at a home charger. Even the so-called fast chargers require half an hour to fully charge a Ford Focus to its full 115-mile range capability. Tesla’s superchargers take 30 minutes to pump 300-miles worth of electricity into the company’s vehicles.
Thinking about it, range anxiety may mostly be about a lack of spontaneity. U.S. drivers can wander all over town, going from one stop to another without thinking about running out of fuel. Drivers of electric vehicles may have to do more planning and stick more closely to the plan.
Still, given the distance of a typical trip, the range of electric vehicles, and the increase in recharging stations, range anxiety is a concern that is likely on its way to being a thing of the past.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.