EV vs Gas Cost Calculator
Compare the 5-year total cost of ownership between electric and gas vehicles, including fuel, charging, maintenance, depreciation, and incentives.
EV vs Gas Cost Calculator
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Driving Habits
Electric Vehicle
Gas Vehicle
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Educational estimate only. Not financial advice. Consult a qualified professional for specific guidance.
Disclaimer: This calculation is for educational purposes only and does not constitute financial advice. Actual results may vary. Consult a qualified professional for specific guidance.
Generated from EV vs Gas Cost Calculator on VehCalc.com
How It Works
This ev vs gas cost calculator uses industry-standard formulas to provide quick, reliable estimates. Simply enter your information in the form on the left and watch the results update instantly. No sign-up required, and all calculations happen in your browser for maximum privacy.
Key Features
- Annual fuel/charging cost comparison
- Maintenance cost differences
- Depreciation projections
- Tax incentive adjustments
- 5-year total cost of ownership
When to Use This Calculator
This calculator is useful in many common automotive scenarios. Here are typical situations where it can help:
- Comparing total ownership costs of EV vs gas
- Calculating fuel/charging savings potential
- Evaluating if an EV fits your budget
- Factoring in tax incentives
- Understanding long-term cost differences
Formula
This calculator uses the following standard automotive finance formula:
Annual Fuel Cost = (Annual Miles / MPG or MPGe) × Price Per Gallon or kWh. Total 5-Year Cost = Purchase Price + (Annual Fuel × 5) + (Annual Maintenance × 5) - Resale Value + Other Fees - Incentives.Results are estimates provided for educational purposes only. Actual figures may vary based on specific lender terms, state regulations, individual credit profiles, and other factors.
Key Things to Know
- Charging at home: Home charging is typically much cheaper than public charging or gas.
- Maintenance savings: EVs have fewer moving parts and require less routine maintenance.
- Depreciation: EV depreciation varies significantly by model and brand.
- Range considerations: Factor in charging infrastructure for your lifestyle.
- Incentives matter: Tax credits can significantly narrow the upfront price gap.
Frequently Asked Questions
QHow much money do you save with an electric car vs gas?
EV owners typically save $1,000-$2,500 per year on fuel and maintenance combined. Over 5 years, that is $5,000-$12,500 in operating savings, plus any tax credits. The exact amount depends on your electricity rates, gas prices, and how much you drive.
QAre electric cars more expensive to maintain?
No, EVs are significantly cheaper to maintain. They have fewer moving parts, no oil changes, no transmission service, and regenerative braking reduces brake wear. Expect 30-50% lower annual maintenance costs compared to gas vehicles.
QHow does EV depreciation compare to gas cars?
Historically, EVs depreciated faster than gas cars, but the gap is narrowing. Tesla and popular models hold value well. Depreciation depends on battery health, technology advances, and market demand. Factor this into your total cost comparison.