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EV Payback Period Calculator

Calculate how long it will take for your electric vehicle investment to pay for itself through fuel and maintenance savings.

Last updated: June 2023

Wondering when your electric vehicle will start paying for itself? This calculator helps you determine your payback period based on the price difference between EVs and gas cars, along with ongoing savings from lower fuel and maintenance costs. You can also include available tax credits and incentives to see how they impact your breakeven point. For a complete financial analysis, also try our EV Savings Calculator and Total Cost of Ownership Calculator.

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