IEEE Electrification Magazine - June 2014 - 61

By Raul Martinez Oviedo, Zhong Fan,
Sedat Gormus, and Parag Kulkarni

image courtesy of the u. s. department of transportation

The Reign of EVs?
An economic analysis from the consumer's perspective.
raditionally, petroleum (oil) has
been the main source of energy for the u.s.
national economy and transportation sector. in 2010, 83% of all the energy required by
the united states was provided by fossil fuel
sources. the energy use in the united states can be divided
into four broad sectors: transportation, residential, commercial, and industrial. the transportation sector accounts
for 28% of the total energy demand, and 96% of the energy
used in this particular sector comes from fossil fuel. Based
on records for 2011 and 2012, to satisfy these energy
requirements, the united states needs to import, on average, 337,143 mbbl (1 mbbl = 1,000 oil barrels) of crude oil and

Digital Object Identifier 10.1109/MELE.2014.2312459
Date of publication: 24 June 2014

petroleum products per month. nearly 70% of the imported
oil is allocated to the transportation sector to satisfy the
fuel demands of cars, trucks, airplanes, and marine transport. Figure 1 shows the petroleum flow in the united
states in millions of barrels per day. the high u.s. dependency on foreign oil together with the continually increasing price of oil and its derivatives have encouraged the
national policy of reducing oil dependency by promoting
carbon fuel (gasoline) displacement in the transport sector.
in addition to the economic concerns, there are environmental issues to consider. according to the u.s. environmental
protection agency (epa), the u.s. transport sector emitted
2,098 million t of greenhouse gases (GhGs) in 2006 (see
Figure 2). Carbon dioxide (Co2) accounts for 95% of GhGs.
this has a significant impact in the global context since it
accounts for 33% of the global transportation Co2 emissions

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Table of Contents for the Digital Edition of IEEE Electrification Magazine - June 2014

IEEE Electrification Magazine - June 2014 - Cover1
IEEE Electrification Magazine - June 2014 - Cover2
IEEE Electrification Magazine - June 2014 - 1
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IEEE Electrification Magazine - June 2014 - Cover3
IEEE Electrification Magazine - June 2014 - Cover4
https://www.nxtbook.com/nxtbooks/pes/electrification_december2022
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https://www.nxtbook.com/nxtbooks/pes/electrification_june2022
https://www.nxtbook.com/nxtbooks/pes/electrification_march2022
https://www.nxtbook.com/nxtbooks/pes/electrification_december2021
https://www.nxtbook.com/nxtbooks/pes/electrification_september2021
https://www.nxtbook.com/nxtbooks/pes/electrification_june2021
https://www.nxtbook.com/nxtbooks/pes/electrification_march2021
https://www.nxtbook.com/nxtbooks/pes/electrification_december2020
https://www.nxtbook.com/nxtbooks/pes/electrification_september2020
https://www.nxtbook.com/nxtbooks/pes/electrification_june2020
https://www.nxtbook.com/nxtbooks/pes/electrification_march2020
https://www.nxtbook.com/nxtbooks/pes/electrification_december2019
https://www.nxtbook.com/nxtbooks/pes/electrification_september2019
https://www.nxtbook.com/nxtbooks/pes/electrification_june2019
https://www.nxtbook.com/nxtbooks/pes/electrification_march2019
https://www.nxtbook.com/nxtbooks/pes/electrification_december2018
https://www.nxtbook.com/nxtbooks/pes/electrification_september2018
https://www.nxtbook.com/nxtbooks/pes/electrification_june2018
https://www.nxtbook.com/nxtbooks/pes/electrification_december2017
https://www.nxtbook.com/nxtbooks/pes/electrification_september2017
https://www.nxtbook.com/nxtbooks/pes/electrification_march2018
https://www.nxtbook.com/nxtbooks/pes/electrification_june2017
https://www.nxtbook.com/nxtbooks/pes/electrification_march2017
https://www.nxtbook.com/nxtbooks/pes/electrification_june2016
https://www.nxtbook.com/nxtbooks/pes/electrification_december2016
https://www.nxtbook.com/nxtbooks/pes/electrification_september2016
https://www.nxtbook.com/nxtbooks/pes/electrification_december2015
https://www.nxtbook.com/nxtbooks/pes/electrification_march2016
https://www.nxtbook.com/nxtbooks/pes/electrification_march2015
https://www.nxtbook.com/nxtbooks/pes/electrification_june2015
https://www.nxtbook.com/nxtbooks/pes/electrification_september2015
https://www.nxtbook.com/nxtbooks/pes/electrification_march2014
https://www.nxtbook.com/nxtbooks/pes/electrification_june2014
https://www.nxtbook.com/nxtbooks/pes/electrification_september2014
https://www.nxtbook.com/nxtbooks/pes/electrification_december2014
https://www.nxtbook.com/nxtbooks/pes/electrification_december2013
https://www.nxtbook.com/nxtbooks/pes/electrification_september2013
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