Electric Car Savings Calculator

Compare total cost of ownership between electric and gas vehicles over time

⚡ Electric Vehicle

EV Purchase Price ($)

Federal Tax Credit ($)

Efficiency (miles per kWh)

Annual Maintenance ($)

Home Charger Cost ($)

Gas Car Purchase Price ($)

Fuel Efficiency (MPG)

Annual Maintenance ($)

Annual Miles Driven

Electricity Rate ($ per kWh)

Gas Price ($ per gallon)

Years of Ownership

EV Insurance Premium Difference ($/year)

$+3,771

Saved over 5 years

Annual Savings

$+1,554

Monthly Fuel Savings

$+88

Upfront Cost Difference$4,000

Break-Even Point2.6 years

⚡ Electric Vehicle$44,729

Net Purchase$39,000

Electricity (5 years)$2,229

⛽ Gas Vehicle$48,500

Purchase Price$35,000

Gasoline (5 years)$7,500

CO₂ Saved Per Year

4.2 tons

Total CO₂ Saved (5 years)

21.0 tons

Equivalent to planting 875 trees