Ford will tell you exactly how much CO2 and fuel EVs save | Daily News Byte

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Research shows that electric cars are better for the environment. Not only do they emit less CO2 emissions, but you also don’t have to worry about being a victim of fluctuating gas prices. Ford showed us how much you can save by driving electric cars compared to an equivalent gas car.

Ford highlights CO2 savings from its electric vehicles

Ford released its first sustainable funding report on Wednesday, highlighting its climate goals and how its investments are paying off so far.

Last November, Ford introduced its sustainable financing framework alongside the automaker’s first green bond. Ford offered $2.5 billion in green bonds to investors, the largest from a US-based company at the time.

The automaker said proceeds from the bond offering will be used to fund its electric vehicle launches, including:

  • Mustang Mach-e
  • F-150 Lightning
  • E-Transit van

A year later, Ford is reporting on the progress of allocating these “green funds” as it pertains to sustainability, including how much CO2 and gas powering its electric vehicles will save .

According to Ford, driving electric cars using US grid-average electricity can reduce CO2 emissions by up to 60% compared to a similar gas-powered car. Here’s a look at how much you can save on each Ford EV model.

Ford-electric-vehicles-CO2
Lifetime Ford EV CO2 savings vs .gas car (metric tons) / Source: Ford

As you can imagine, the bigger the car, the more savings you’ll see over its lifetime. At current average gas prices, you’ll save over $27.2K (8,777 gallons) in gas with the Lightning electric pickup, $14.6K (4,726) with the Mustang Mach-E, and $19.2K (6,189) with the E-Transit.

In addition, lifetime CO2 savings (metric tons) include:

  • F-150 Lightning: 78
  • Mustang Mach-E: 42
  • E-Transit: 55

Ford says it is on track to meet its goal of 50% of global sales being electric by 2030 as it works toward an all-electric future by 2040.

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Avatar for Peter Johnson

Peter Johnson

Peter Johnson covers the auto industry’s gradual transition to electric vehicles. He is an experienced investor, financial writer, and EV enthusiast. His enthusiasm for electric cars, primarily Tesla, was a key reason why he pursued a career in investing. If he’s not telling you about his latest 10K discovery, you’ll find him enjoying the outdoors or exercising.

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