Electric Vehicles’ Price at the Pump: 75 cents “per gallon”

Last week, the global price of oil rose above $105 per barrel and the national average price of gasoline hit $3.55 per gallon— the highest ever for this time of year.  However, if you could plug your car into an electrical outlet tonight instead of stopping at a gas station, you would be paying the equivalent of about 75 cents per gallon to drive it instead of the fluctuating $3, $4 or more at the pump.

Consumers are already taking action to drive cars without gasoline. The U.S. waitlists are growing for the all-electric Nissan Leaf (with more than 20,000 orders) and the plug-in electric hybrid Chevrolet Volt (with more than 50,000 signed up in support).

Rapidly growing global demand for oil means ongoing, high and volatile gas prices. Electric vehicles, plug-in hybrids, and other new efficient cars and trucks provide real choices for us to cut the money we spend on fuel. Replacing gas-powered cars with electric cars over time will also improve our environment. Even accounting for the electricity, EVs are amongst the cleanest cars on the road—with the potential to become true zero emission vehicles.

Read the PDF below to learn more about the myths and facts of electric vehicles.