EV Savings Calculator
Compare electric vs gas car total cost of ownership. See fuel savings, charging costs, maintenance differences, and your break-even point.
🚗 Your Driving Habits
⛽ Gas Car
Avg car ~28 MPG · truck ~20 · hybrid ~50
US avg ~$3.50 · Canada ~$1.50/L (~$5.67/gal)
🔌 Electric Vehicle
Tesla Model 3 ~3.5-4 · Rivian ~2.2
US avg ~$0.16 · off-peak often $0.08-0.12
💰 Price Premium & Extras
Sticker difference (post-incentive)
No oil changes · EVs save $300-500/yr
Tax credit / rebate already applied
🌱 Total Savings Over 8 Years
$—
Break-even: — · Annual savings: —
Gas Car Fuel/yr
—
— gal/yr
EV Charge/yr
—
— kWh/yr
Fuel Saved/yr
—
incl. $400 maint savings
Cost comparison over time
💡 What this means
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🔌 Want to maximize your EV savings?
🔌 See top-rated Level 2 EV chargers on Amazon →📌 5 Ways to Maximize Your EV Savings
- ✓ Charge off-peak. Many utilities offer time-of-use rates 50-70% lower at night. Charging at $0.08/kWh instead of $0.16 cuts your EV "fuel" cost in half — saving $300-$600/year on 15,000 miles.
- ✓ Install a Level 2 charger at home. A 240V Level 2 charger (7-9 kW) charges 5-10x faster than the 120V cord that comes with the car and lets you take full advantage of off-peak rates. Typical install cost $500-$1,500, often offset within 2 years.
- ✓ Drive efficiently. EVs lose 30-40% range at 75+ mph vs 60 mph. Smooth acceleration and regenerative braking add another 10-15%. Use "Eco" mode and pre-condition the cabin while plugged in to save battery for the road.
- ✓ Claim every incentive. Federal tax credits, state rebates, utility rebates, HOV lane access, reduced registration fees, and free public charging can stack to $10,000+ in real value. Check DriveElectric.gov and your state's EV incentive page.
- ✓ Avoid public DC fast charging when possible. DC fast chargers cost 2-4x home rates ($0.35-$0.50/kWh vs $0.08-$0.16). Rely on them for road trips only — daily home charging can cut your "fuel" cost by 60-70% vs gasoline.
Disclaimer: This calculator provides ownership cost estimates for comparison purposes only. Actual savings vary with electricity rates, gas prices, driving patterns, climate, vehicle model, tire wear, and depreciation. Maintenance savings are averages — EV battery replacement (rare before 150K miles) and insurance differences are not included. Always verify rates and incentive eligibility for your specific situation.
Related Tools
These six tools cover the rest of your car-ownership and household-energy math — from per-mile fuel cost to the full TCO picture.
- Fuel Cost Calculator — the per-mile cost of your current gas car. Pair it with this EV comparison to see your real-world break-even window.
- Car Ownership Cost Calculator — total cost of owning a vehicle (insurance, depreciation, maintenance, fuel). Plug in your EV vs gas numbers here for the full TCO.
- Cost of Commute Calculator — your daily drive as a monthly and annual line item. Switching to an EV often cuts the commute cost by 60-70%.
- Carbon Footprint Calculator — translate your EV-vs-gas fuel savings into CO₂ emissions avoided per year and over the vehicle's lifetime.
- Auto Loan Calculator — financing the EV price premium? See monthly payments and total interest so your savings calculation includes the financing cost.
- Electricity Cost Calculator — your EV is essentially a new appliance. See exactly what your nightly charging adds to your electric bill.