Transportation comprises $4 billion of Vermont’s economy, $1 billion in fuel

first_imgThe University of Vermont Transportation Research Center has just released the 2010 Vermont Transportation Energy Report, a comprehensive look at transportation energy use and expenditures in the state. This annual report provides policy makers with relevant and timely data on topics related to transportation energy use, including levels of fuel consumption, trends in vehicle fleet composition and Vermonters’ travel patterns. The large percentage of energy consumed and emissions generated by the transportation sector in Vermont makes it an important policy focus within the state.The 2010 Vermont Transportation Energy Report estimates that total expenditures on transportation were almost $4 billion dollars in that year, comprising approximately 15 percent of Vermont’s economy. More than a billion dollars of this spending was for the purchase of gasoline and diesel fuels. Municipal spending on transportation was also sizable, on average comprising 41 percent of each town’s budget. Vehicle purchases continued to climb in 2010, especially hybrid vehicles, which now comprise 4 percent of the state’s fleet. Additional analysis in this report estimates the feasibility of electric vehicles to meet Vermonters’ travel needs: 68- 96 percent of vehicles could be substituted with electric vehicles even with no away-from-home charging infrastructure. Financial savings of such a fuel switch could be substantial. At 2010 prices, the total annual energy costs for an entirely electric fleet would be approximately $274 million for the state of Vermont, less than a third the amount spent on petroleum fuels in 2010.The Vermont Transportation Energy Report is a yearly publication of the UVM Transportation Research Center and the Vermont Clean Cities Coalition (VCCC), whose mission is to reduce the state’s reliance on fossil fuels for transportation. The University of Vermont Transportation Research Center has served as the host of the VCCC since July 2007. Nationwide, there are 87 local Clean Cities Coalitions in 46 states. VCCC stakeholders include fleet managers, state and local officials, auto dealers, students, and academics.For more information please contact Jody Ciano, TRC Communications Professional.To view the report, please click here.    Vermont Transportation Energy Report 2010. 9.13.2011last_img

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