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Internal combustion engine cars require 68% more fuel than an electric car to do the same work.Internal Combustion Engine fuel to wheels 32.9 MJ/US gallonElectric car fuel to wheels 2.8 MJ/kW-hIn terms of energy delivered to wheels, 1 US gallon = 11.9 kW-hUS average retail price gasoline $4.082/gallon 6/16/08http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_home_page.htmlUS average residential price electricity $0.102/kW-h Jan/08http://www.eia.doe.gov/cneaf/electricity/epm/tablees1a.htmlUS average cost of electricity per gallon equivalent $1.212I would save $2038 per year. How much would you save per year by switching?
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