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.
Compare total cost of ownership over your ownership period.
See how much you save on fuel with an EV.
Factor in federal and state EV incentives.
Estimate electricity cost per mile.
EVs typically need less maintenance than gas cars.
See environmental benefits of going electric.
Compare the total cost of ownership between gas and electric vehicles.
Average is 12,000-15,000 miles/year
Over 5 years ($446/year)
EV breaks even in 3 years
| Gas | Electric | |
|---|---|---|
| Vehicle Price | $32,000 | $42,000 |
| Fuel (5 yrs) | $7,000 | $2,988 |
| Maintenance | $2,400 | $1,680 |
| Tax Credits | - | -$7,500 |
| Total | $41,400 | $39,168 |
Switching to an EV would eliminate 2000 gallons of gas consumption over 5 years.
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.
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.
Common questions about this tool
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.
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.
Calculate your monthly payment with amortization schedule and total interest.
Calculate monthly lease payment, money factor, and total lease cost.
Use the 10-15% rule to find your car budget based on income.
Check your estimated auto loan rate and approval likelihood.