Calculator
Electric Vehicle Calculator
Compare EV vs gas vehicle costs. Calculate annual savings, payback period, 10-year TCO, and CO₂ reduction.
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Electric Vehicle Calculator
Find out exactly how much you'd save (or spend) switching to an EV. Compare fuel costs, payback period, 10-year TCO, and environmental impact.
🚗Your Driving & Vehicle Details
US average: ~14,000 miles/year
US average: ~$0.13/kWh
Tesla Model 3: ~4.0 | Avg EV: ~3.5
DC fast charging ~$0.28–0.40/kWh
Apply $7,500 federal EV tax credit (IRA)
💰Cost Comparison
Annual Gas Cost
$1,500
Annual EV Charging Cost
$562
Annual Fuel Savings
$938
Payback Period
0.0 yrs
After $7,500 credit
10-Year Gas Vehicle Cost
$20,000
(includes $5,000 price diff)
10-Year EV Fuel Cost
$5,623
10-Year Net Savings (EV)
$14,377
🌍
You'd avoid ~3.8 metric tons of CO₂/year
That's 3809 kg CO₂ — equivalent to planting ~190 trees
💡 Federal EV Tax Credit: Up to $7,500 under the Inflation Reduction Act. Eligibility depends on income, vehicle MSRP, and battery sourcing requirements. Consult a tax advisor.
📊10-Year Cumulative Savings
Cumulative EV savings over gas vehicle costs (including price premium, after tax credit if applied).
| Year | Gas Total Cost | EV Total Cost | Net EV Savings |
|---|---|---|---|
| Year 1 | $6,500 | $562 | $938 |
| Year 2 | $8,000 | $1,125 | $1,875 |
| Year 3 | $9,500 | $1,687 | $2,813 |
| Year 4 | $11,000 | $2,249 | $3,751 |
| Year 5 | $12,500 | $2,811 | $4,689 |
| Year 6 | $14,000 | $3,374 | $5,626 |
| Year 7 | $15,500 | $3,936 | $6,564 |
| Year 8 | $17,000 | $4,498 | $7,502 |
| Year 9 | $18,500 | $5,061 | $8,439 |
| Year 10 | $20,000 | $5,623 | $9,377 |
Does not include insurance, maintenance, or depreciation differences. EV maintenance typically costs ~30–40% less than gas vehicles (no oil changes, fewer brake jobs).
🔌Charging Cost Breakdown
🏠 Home Charging
Rate: $0.13/kWh
Annual cost: $357
⚡ Public Charging
Rate: $0.30/kWh (20% of trips)
Annual cost: $206