⚡ EV SAVINGS CALCULATOR

Electric Vehicle Savings Calculator

Compare total ownership costs: EV vs Gas vehicles over 10 years. Calculate fuel, maintenance, and insurance savings with federal tax credits.

🚗 Vehicle Type

💰 Purchase Prices

EV Purchase Price: $40,000

Gas Car Price: $28,000

State/Local Credit: $0

⛽ Fuel Costs

Annual Miles: 15,000

Gas Price: $3.50/gal

Electricity: $0.15/kWh

Gas MPG: 30

EV Efficiency: 4.0 mi/kWh

📅 Ownership Period

Years: 10

💰

Total Savings

$10,025

✅ EV saves money (15.3% less)

Break-even in

4 years

📊 Annual Costs

Fuel

Gas: $1,750/yr

EV: $562.5/yr

Maintenance

Gas: $600/yr

EV: $135/yr

Insurance

Gas: $1400/yr

EV: $1600/yr

10-Year Total Cost

Gas Car$65,500

Purchase$28,000

Fuel$17,500

Maintenance$6,000

Insurance$14,000

Electric Vehicle$55,475

Purchase (after $7,500 credits)$32,500

Fuel (electricity)$5,625

Maintenance$1,350

Insurance$16,000

📈 Cost Timeline

5 Years

Gas: $46,750

EV: $43,987.5

Save $2,762.5

10 Years

Gas: $65,500

EV: $55,475

Save $10,025

15 Years

Gas: $84,250

EV: $66,962.5

Save $17,287.5