Electric vehicle owners pay $1.14 for the equivalent of a gallon of gas

$1.14 a gallon gas? That’s the equivalent cost for electric vehicles:

A new statistic — the eGallon — will now be calculated monthly by the Department of Energy to gauge the price paid by electric vehicle drivers to go the same distance that a driver of a conventional car will travel, on average, using a gallon of gas.

People who own electric vehicles may already know what they’re paying to fill up, but the agency introduced the new “eGallon” metric to help consumers who are thinking about buying electric vehicles.

Based on the 2012 model year, the department’s analysis concluded that consumers are paying $1.14 a gallon nationally to drive 28.2 miles, the average distance traveled by comparable 2012 non-electric small and medium-size cars.

That $1.14 per eGallon compares with $3.65, the national average price for a gallon of regular unleaded gasoline.

With leases on electric cars approaching those of gasoline-powered vehicles, electric vehicles are coming ever closer to being the practical option for most drivers. The case is even stronger when you look at the the energy density of next-generation batteries – when electric cars can drive 1000 miles in one go, no one will complain about charging times,

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