EV Total Cost of Ownership Calculator

Calculate the total cost of ownership for an electric vehicle versus a gas vehicle. Compare purchase price, fuel costs, maintenance, and more to make an informed decision.

5-Year Cost Comparison

Electric Vehicle

Purchase Price ($)

EV Incentives ($)

Note: Maximum credit of $7,500 for new EVs is subject to income limits and vehicle price caps. Up to $4,000 for used EVs.

Home Charger Installation ($)

MPGe (Miles Per Gallon equivalent)

Find your vehicle's MPGe at fueleconomy.gov

Electricity Rate ($/kWh)

Find your local electricity rate at EnergySage

Gas Vehicle

Purchase Price ($)

Fuel Efficiency (MPG)

Gas Price ($/gallon)

Common Assumptions

Annual Mileage

Interest Rate (%)

Annual Base Insurance Premium ($)

5-Year EV Total Cost

5-Year Gas Vehicle Total Cost

5-Year Savings with EV

Detailed Cost Breakdown

Please note that this is a rough estimate and the actual costs may vary based on your specific location and circumstances. For accurate results, please consult multiple sources for accurate calculations.