Friday, September 13, 2013

New Study Finds U.S. Diesel Vehicles Have Lower Total Cost of Ownership than Gasoline Vehicles

A new study found that diesel vehicles saved owners $2,000 to $6,000 in total ownership costs during a three to five year period, when compared to similar gasoline vehicles, according to data compiled by the University of Michigan Transportation Research Institute.

The University of Michigan study, “Total Cost of Ownership: A Gas Versus Diesel Comparison,” was conducted for Robert Bosch LLC, and the results were released at the 2013 Alternative Clean Transportation Expo in Washington, D.C.

“These new findings, that clean diesel vehicles are a more cost-effective investment for car owners, reinforce what auto analysts and other comparative studies have determined in recent years,” said Allen Schaeffer, Executive Director of the Diesel Technology Forum. “The significant savings diesel owners experience compared to gas car owners highlight another major reason why clean diesel vehicles sales will increase significantly throughout the U.S. in the coming years.”

“Fuel efficiency has always been a major attraction of clean diesel vehicles,” Schaeffer continued. “Because diesels are 20 to 40 percent more fuel efficient than gas cars, drivers save money with diesels, even when diesel fuel prices are slightly higher than gas prices. This is an exciting time for diesel vehicles, as the number of diesels is expected to more than double in the next two years.”

The Diesel Technology Forum is a non-profit national organization dedicated to raising awareness about the importance of diesel engines, fuel and technology. Forum members are leaders in clean diesel technology and represent the three key elements of the modern clean-diesel system: advanced engines, vehicles and equipment, cleaner diesel fuel, and emissions-control systems.

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