EV vs Gas Car Cost Comparison
Compare 10-year total cost of ownership between an electric vehicle and gas car. Includes fuel, maintenance, insurance, and depreciation.
EV 10-Year Cost
$57,750.00
Gas 10-Year Cost
$65,500.00
EV Savings
$7,750.00
Inputs
Comparison
Break-Even Year
8 years
Years until EV operating savings offset the price premium.
Cumulative Cost Over Time
How to Use This Calculator
- Enter the EV Purchase Price and Gas Car Purchase Price for the vehicles being compared.
- Set Annual Miles (mi/yr), your home Electricity Rate ($/kWh), and the current Gas Price ($/gal).
- Enter EV Efficiency (mi/kWh) and Gas MPG for the respective vehicles.
- Review EV 10-Year Cost, Gas 10-Year Cost, EV Savings, and the Break-Even Year.
How the result changes with EV Purchase Price
| EV Purchase Price | EV 10-Year Cost | Gas 10-Year Cost | EV Savings |
|---|---|---|---|
| $28,500.00 | $47,025.00 | $65,500.00 | $18,475.00 |
| $62,250.00 | $68,963.00 | $65,500.00 | -$3,463.00 |
| $102,750.00 | $95,288.00 | $65,500.00 | -$29,788.00 |
| $136,500.00 | $117,225.00 | $65,500.00 | -$51,725.00 |
What each input means
- EV Purchase Price
- MSRP of the electric vehicle (before incentives).
- Gas Car Purchase Price
- MSRP of the comparable gas vehicle.
- Annual Miles
- Expected miles driven per year.
- Electricity Rate
- Home electricity cost per kWh.
- Gas Price
- Average gas price per gallon.
- EV Efficiency
- Miles per kWh for the EV (typical: 3-4).
- Gas MPG
- Combined fuel economy of the gas vehicle.
What each result means
- EV 10-Year Cost
- Total cost of EV ownership over 10 years.
- Gas 10-Year Cost
- Total cost of gas car ownership over 10 years.
- EV Savings
- How much cheaper the EV is over 10 years (negative = gas is cheaper).
- Break-Even Year
- Years until EV operating savings offset the price premium.
How this is calculated
Worked example, using the default values
- Identify Input Parameters4 parametersEV Purchase Price = 45000, Gas Car Purchase Price = 35000, Annual Miles = 12000, Electricity Rate = 0.14 = 7 input(s) provided
- Calculate EV 10-Year CostEV 10-Year Cost57750 = $57,750
- Calculate Gas 10-Year CostGas 10-Year Cost65500 = $65,500
- Calculate EV SavingsEV Savings7750 = $7,750
Engine last updated . Checked against 2 independently-derived tests — how we verify calculators.
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