EV Cost Comparison

Gas vs Electric Vehicle Calculator

Compare the total cost of ownership between gas and electric vehicles. See fuel savings, maintenance differences, tax credit benefits, and environmental impact to make an informed decision. No signup required.

TCO Comparison

Compare total cost of ownership over your ownership period.

Fuel Savings

See how much you save on fuel with an EV.

Tax Credits

Factor in federal and state EV incentives.

Electricity Cost

Estimate electricity cost per mile.

Maintenance

EVs typically need less maintenance than gas cars.

Environmental Impact

See environmental benefits of going electric.

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Gas vs Electric Vehicle Calculator

Compare the total cost of ownership between gas and electric vehicles.

Your Driving

Average is 12,000-15,000 miles/year

Gas Vehicle

$
$

Electric Vehicle

$
$
$
All publicAll home
$

Defaults to $0 — the federal EV tax credit ended for vehicles acquired after September 30, 2025.

$
Gas Vehicle Wins!
Save $5,268

Over 5 years ($1,054/year)

EV breaks even in 11 years

Gas Vehicle
$41,400
Total 5-year cost
Electric Vehicle
$46,668
Total 5-year cost

Cost Breakdown

GasElectric
Vehicle Price$32,000$42,000
Fuel (5 yrs)$7,000$2,988
Maintenance$2,400$1,680
Total$41,400$46,668

Cumulative Cost Over Time

Year 1Gas: $33,880 | EV: $42,934
Year 2Gas: $35,760 | EV: $43,867
Year 3Gas: $37,640 | EV: $44,801
Year 4Gas: $39,520 | EV: $45,734
Year 5Gas: $41,400 | EV: $46,668
Gas
Electric

Environmental Impact

39,200
lbs CO₂ saved
2,000
gallons saved

Switching to an EV would eliminate 2000 gallons of gas consumption over 5 years.

Things to Consider

  • EVs typically have lower maintenance costs (no oil changes, brake pads last longer)
  • Home charging is significantly cheaper than public charging
  • Check if your state offers additional EV incentives
  • Consider your driving patterns and charging infrastructure availability

Is an EV Cheaper to Run?

Often yes: electricity per mile is usually cheaper than gasoline, and EVs need less maintenance. Total cost depends on your electric rate, driving habits, and how long you keep the car.

Use our fuel cost calculator for gas-only comparison.

How to Compare Total Cost

Include purchase price, fuel or electricity cost over your ownership period, maintenance, and incentives.

Check our incentives & rebates for current EV tax credits and state incentives.

FAQ

Frequently asked questions

Is an electric car cheaper to run than gas?

Often yes: electricity per mile is usually cheaper than gasoline, and EVs need less maintenance. Total cost depends on your electric rate, driving habits, and how long you keep the car.

How do I compare total cost of gas vs electric?

Include purchase price, fuel or electricity cost over your ownership period, maintenance, and incentives. Use our gas vs electric calculator to compare specific vehicles side by side.