The present invention provides a
system and method relating to the operation of plug-in
hybrid electric vehicles powered both by
electricity from rechargeable batteries and by consumable fuel powered means, such as an
internal combustion engine or a fuel
cell. More particularly, the
system and method of the claimed invention enable optimization of the
energy cost associated with the operation of such plug-in
hybrid electric vehicles, especially when the cost of recharging batteries from external
electric power sources may be less than the cost of recharging batteries from the onboard consumable fuel powered means. To this end, the invention enables maximization of the use of
electricity from external
electric power sources and minimization of the use of
electricity produced by the plug-in
hybrid electric vehicle's onboard consumable fuel powered means, when the cost of recharging batteries from external
electric power sources is less than the cost of recharging batteries from the onboard consumable fuel powered means.