Are EVs Truly Less Expensive to Operate than Gas-powered Cars?

Department of Energy Breaks Down the eGallon

We’ve been through eCommerce, read eBooks, seen eBrochures, etc. Well, get ready for eGallons.

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The Department of Energy (DOE) has set up a web page at energy.gov that calculates the cost of driving a car powered by electricity vs gasoline – on average – by the state you live in. DOE claims that it costs three times less to run an electric vehicle (EV) than a gasoline powered one – on average.

The page takes the average distance that a gasoline-powered vehicle can drive on a gallon of gas, which in 2012 was 28.2 miles. Then they calculate how much it would cost to drive the average EV that same distance, which becomes an eGallon. Electric prices vary from state to state and time of day. The tool shows how much an eGallon costs in your state, and compares it to the cost of gasoline.

You’ll have to do the rest of the math yourself. That is, how much your savings might be over a year, or better yet, over the time you intend to keep the car. That could be used to compare the real cost of owning an electric car, which is still more expensive to buy initially.

Their prices are dropping, but in the meantime, they are three times less expensive to drive. It makes sense, particularly for short-hop drives.

The DOE’s eGallon page is here.

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