Fuel Cost Savings Calculator
Compare the cost of fueling a gas vehicle versus charging an electric vehicle based on your driving habits. Don't forget to check out the available EV incentives in your state to maximize your savings.
Fuel Cost Comparison
Please select a vehicle type
Please enter a valid mileage between 1,000 and 50,000
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About This Calculator
This calculator helps you compare the cost of fueling a gas vehicle versus charging an electric vehicle.
Enter your vehicle type, annual mileage, local gas price, and electricity rate to see your potential savings.
The calculator also estimates available tax credits and maintenance savings to give you a complete 5-year savings picture.
Did You Know?
- EVs typically cost 1/3 as much to fuel as gas vehicles
- The average EV driver saves $800-$1,000 per year on fuel costs
- EVs have fewer moving parts, reducing maintenance costs
- Home charging during off-peak hours can further reduce costs
Frequently Asked Questions
How much does it cost to charge an EV at home?
The cost to charge an EV at home depends on your electricity rate and your vehicle's efficiency. At the national average of $0.15 per kWh, charging a typical EV with a 60 kWh battery from empty to full would cost about $9. This provides approximately 250 miles of range, resulting in a cost of about $0.04 per mile.
How do public charging costs compare to home charging?
Public charging typically costs more than home charging. Level 2 public chargers may charge $0.20-$0.30 per kWh, while DC fast chargers can cost $0.30-$0.60 per kWh. Some charging networks offer subscription plans that can reduce these costs. Even at higher public charging rates, EVs are usually still less expensive to fuel than gas vehicles.
What maintenance costs are lower with electric vehicles?
EVs eliminate many maintenance items required for gas vehicles, including oil changes, transmission fluid, spark plugs, and timing belts. They also have regenerative braking, which reduces wear on brake pads. According to Consumer Reports, EV owners spend about half as much on maintenance and repair compared to gas vehicle owners.