![The Economics of Electric Vehicles [INFOGRAPHIC]](https://helios-i.mashable.com/imagery/archives/07qGWYhd7vUiytfOoaAJ8Xp/hero-image.fill.size_1248x702.v1647021427.jpg)
For the past few decades, hopeful automobile owners made decisions based on gas mileage, vehicle size and leather interior. Now, a projected 62,400 Americans will choose to purchase an electric vehicle in 2012.
The cheapest highway-legal EV starts around $30,000 for the Mitsubishi i-MiEV, but competitors such as Ford, Chevrolet and Nissan are all vying for a higher range and lower cost.
The Obama administration's target of 1 million electric vehicle sales in 2015 is aided by the more than $1 billion in government spending for installing charging locations, improving and building lithium-ion battery plants and supporting developing systems.
Take a gander at the graphic below, provided by VroomVroomVroom, for more detailed information on electric vehicles.
