EV vs Gas Savings Calculator
Fuel Cost Savings
Compare annual fuel costs between EV and gas vehicle
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mi/kWh
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Total Cost Comparison
Compare total ownership costs over time
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years
Formula
Annual Savings = (Miles / Gas MPG × Gas Price) - (Miles / EV Efficiency × Electricity Rate)
Frequently Asked Questions
How much do you save with an electric car?
EV owners typically save $800-$1,500 per year on fuel and $300-$500 on maintenance compared to gas cars. Over 10 years, total savings can reach $10,000-$20,000, depending on driving habits and energy costs.
When does an EV break even vs a gas car?
With federal tax credits, many EVs break even in 4-7 years. Without credits, it may take 6-10 years. Higher gas prices and lower electricity rates speed up the break-even point.
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