Electric Cars Big Money Saver, not more Drilling.

As much as Republicans would hate to admit it, a move to electric cars could save Americans a lot of money. We can only assume they know this, but answer to a higher power, big oil. Check out the amazing savings projections:

Natural Resources Defense Counsel: The Energy Information Agency's unbiased data is America’s official energy bean-counter. Unfortunately, the EIA’s budget is being slashed. 

Let’s look at the EIA forecasts for the price of electricity over the same period … Looks like the price of electricity isn’t likely to grow out of its boring phase anytime soon.  By 2035, the cost of driving on electricity in the high- and low-case forecasts is roughly the difference between driving on $1.15/gallon and $0.98/gallon gasoline. 

Most likely, the cost of electricity for general use will be close to the blue line, which is equivalent to about $1.07/gallon gasoline.  Prices will vary across the country, but on average, driving on electricity for the next twenty or so years is likely to cost somewhere just north of a buck a gallon.  Compared to volatile, unregulated oil prices, that’s a pretty safe bet.  

Automakers will be introducing 30-40 different plug-in electric vehicles within the next several years.  When you buy your next car, try to keep these charts in the back of your mind, and thank the EIA for providing the hard data that makes such comparisons possible.

 Note: This is a rewrite of an earlier blog post wiped out by a "Blogger" technical problem