“Retained Transportation Fuel Spending in the Southeast: Electric vs. Internal Combustion Vehicles,” developed by the Southern Alliance for Clean Energy (SACE) demonstrates that electrifying transportation could provide an economic boon for Alabama, Georgia, Florida, North and South Carolina, and Tennessee. SACE’s analysis highlights the amount consumers spend fueling gas and diesel transportation, how much of that transportation spending remains in each Southeastern state, and what the economic effects would be if all on-road gas and diesel-powered cars, trucks, and buses are replaced with vehicles that drive entirely on electricity.
The analysis shows:
- $64 billion of the region’s economy is lost each year for fueling transportation
- $47 billion in transportation fuel spending could be retained annually in the Southeast by electrifying transportation