“Retained Transportation Fuel Spending in the Southeast: Retail Sales of Motor Fuel Vs. Electricity” examines how much current transportation fuel spending remains in a given Southeast state and how much goes elsewhere to benefit other states or regions. We also look at the parallel calculation for electricity that would power electric vehicle miles driven if all on-road gas and diesel-powered cars, trucks, and buses are replaced with vehicles that drive entirely on electricity.
Our analysis found that electrifying transportation could provide an economic boon for Alabama, Georgia, Florida, North and South Carolina, and Tennessee. Key findings also include:
- Southeast consumers spent approximately $103.4 billion on gasoline and diesel fuels in a single year.
- $75 billion of the region’s economy is lost each year for fueling transportation, and
- $36.3 billion in transportation fuel spending could be retained annually in the Southeast by electrifying transportation.