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Tool shows electric vehicles’ cost — now $1.14 a gallon

To promote electric vehicles, the Obama administration unveils eGallon to show consumers that these cars — despite higher upfront prices — are significantly cheaper to drive than gasoline ones.

DOE says it costs the equivalent of $1.14 a gallon to drive an electric car
It has launched a new calculator, eGallon, to show lower EV operating costs
This tool is part of Obama administration’s push to promote EVs

Could you really drive a car for $1.14 a gallon? Yes, according to a U.S. government tool launched Tuesday that calculates, state by state, the cost of operating electric vehicles.

To promote the use of these cars, the Department of Energy unveiled eGallon for consumers to calculate the local cost of fueling electric vehicles vs. driving on gasoline. It says the current national eGallon price is about $1.14, which means a typical EV could go as far on $1.14 worth of electricity as a similar vehicle could on a gallon of unleaded gasoline.

“Consumers can see gasoline prices posted at the corner gas station, but are left in the dark on the cost of fueling an electric vehicle,” Energy Secretary Ernest Moniz said in announcing the calculator. “The eGallon will bring greater transparency to vehicle operating costs, and help drivers figure out how much they might save on fuel by choosing an electric vehicle.”



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