How accurate are EV vs. gas cost comparisons?

Our comparisons use real-world data for fuel prices, electricity rates, and maintenance costs, but actual savings may vary based on your specific driving patterns, local energy prices, and vehicle model.

What costs does the EV comparison calculator include?

The calculator includes purchase price, electricity/fuel costs, maintenance, insurance, depreciation, and available tax incentives to provide a comprehensive total cost of ownership comparison.

Do EVs really save money compared to gas cars?

Most EVs cost more upfront but save money over time through lower fuel costs (electricity vs. gas), reduced maintenance, and available tax incentives, typically breaking even within 3-5 years.

How does driving distance affect EV cost savings?

Higher annual mileage typically increases EV savings because the cost difference between electricity and gasoline becomes more significant the more you drive.

Does the calculator account for electricity rate variations?

Yes, you can input your specific electricity rate, and even account for time-of-use rates or home solar, to get an accurate comparison based on your charging situation.

Are federal and state EV incentives included in the comparison?

Yes, the calculator allows you to include applicable federal tax credits up to $7,500 and state incentives, significantly affecting the total cost comparison.

Back

Cost Comparison

EV vs Gas Car Cost Comparison Calculator

Compare the total costs of owning an electric vehicle versus a gas-powered car over time.

Last updated: June 2023

Compare the total costs of owning an electric vehicle versus a gas-powered car over time. Understanding the total cost differences between electric and gas vehicles helps buyers make informed financial decisions.

Calculator

Fill in the form below to get your results

EV Purchase Price ($)

Gas Car Purchase Price ($)

Annual Miles Driven (miles)

EV Cost Per Mile ($/mile)

Gas Car Cost Per Mile ($/mile)

EV Annual Maintenance Cost ($/year)

Gas Car Annual Maintenance Cost ($/year)

Ownership Period (years)

1 years years15 years

How This EV vs Gas Car Cost Comparison Calculator Works

This calculator compares the total costs of owning an electric vehicle versus a gas-powered car over time.

The Calculation

totalCost = purchasePrice + (annualMiles * costPerMile * years) + (maintenanceCostPerYear * years)

Key Variables

purchasePrice, annualMiles, costPerMile, maintenanceCostPerYear, years

Assumptions

These variables are used to calculate the total cost of owning an electric vehicle versus a gas-powered car over time.

Related Calculators

EV Total Cost of Ownership Calculator EV Savings Calculator EV Carbon Savings Calculator EV Cost Per Mile Calculator

Frequently Asked Questions

Related Calculators

View all

EV Cost Per Mile Calculator

Calculate how much it costs to drive your electric vehicle per mile compared to a gas car.

Use Calculator

EV Total Cost of Ownership Calculator

Calculate the complete lifetime cost of owning an electric vehicle versus a gas car.

Use Calculator

Leasing vs Buying EV Calculator

Compare the costs of leasing versus buying an electric vehicle over time.

Use Calculator

Educational Comparative

EV Break-Even Point Calculator

Calculate how long it takes for an electric vehicle to become cheaper than a gas car.

Use Calculator

EV Cost Per Mile Calculator

Calculate how much it costs to drive your electric vehicle per mile compared to a gas car.

Use Calculator

EV Total Cost of Ownership Calculator

Calculate the complete lifetime cost of owning an electric vehicle versus a gas car.

Use Calculator

Leasing vs Buying EV Calculator

Compare the costs of leasing versus buying an electric vehicle over time.

Use Calculator

Educational Comparative

EV Break-Even Point Calculator

Calculate how long it takes for an electric vehicle to become cheaper than a gas car.

Use Calculator

Learn More About EV Terms

kWh range anxiety battery degradation regenerative braking EVSE Level 1 charging View Full Glossary