EV Cost Saving Calculator

Compare the cost of driving electric vs gasoline

EV Cost

Gas Cost

Why Calculate EV Savings?

Electric vehicles offer significant cost savings over traditional gasoline cars. Our calculator helps you understand exactly how much you can save by switching to electric, considering your driving habits, local electricity rates, and fuel prices. Make an informed decision about your next vehicle purchase.

How It Works

1

Enter your local electricity rate and gasoline price

2

Input your car's fuel efficiency and annual driving distance

3

Add the price difference between EV and gas car models

4

Get instant calculations of annual savings and breakeven time

Benefits of Electric Vehicles

Lower Fuel Costs

Electricity is typically cheaper than gasoline per mile driven

Reduced Maintenance

EVs have fewer moving parts, resulting in lower maintenance costs

Environmental Impact

Zero tailpipe emissions and lower carbon footprint

Energy Independence

Reduce dependence on fossil fuels and volatile gas prices

Frequently Asked Questions

How accurate is this calculator?

Our calculator uses industry-standard efficiency rates and your local costs to provide accurate estimates. Actual savings may vary based on driving conditions, charging habits, and electricity rate fluctuations.

What's included in the savings calculation?

We calculate the difference in fuel/electricity costs based on your annual mileage. For a complete picture, consider additional EV benefits like reduced maintenance, tax incentives, and potential home solar integration.

When will I break even on an EV purchase?

Breakeven time depends on the price premium of your EV and your annual savings. Most drivers break even within 3-5 years, after which all savings go directly to your pocket.

Plan Your EV Charging

Calculate charging times and find the best charging solutions for your electric vehicle.

Try Charging Calculator

Check EV Battery Health

Monitor your EV battery's state of health and predict long-term performance.

Check Battery Health