The eGallon Tool Advances Deployment of Electric Vehicles
The Department of Energy recently launched the eGallon to help consumers compare the cost of fueling electric vehicles (EVs) with the cost of fueling gasoline-powered vehicles.
On average, the cost of driving an EV is three times less than driving a gasoline-powered vehicle. For example, the current national average price of gasoline is $3.65 and the eGallon price is $1.14, meaning that drivers can travel the same distance for $1.14 worth of electricity as they can travel for $3.65 worth of gasoline. The eGallon tool provides state-by-state information and is updated on a monthly basis according to the Energy Information Administration's monthly reports on electricity and gasoline pricing data.
eGallon provides consumers with a tool to see how much it costs to operate a vehicle and how much they might save on fuel by choosing an EV. Other significant cost reductions and improvements in EV performance over recent years have had a dramatic impact on the U.S. automotive market. In May 2013, plug-in electric vehicle sales reached a milestone of 100,000 vehicles sold since their introduction just over two years ago.