EV Savings Calculator
Calculate how much you'd save by switching to an electric vehicle, including fuel, maintenance, and CO2 reduction.
Inputs
Results
Total Savings
$16,542.86
≈ 8 gaming PCs
How to Use This Calculator
- Enter your current annual mileage.
- Set your current vehicle's fuel economy in MPG and the local gasoline price per gallon.
- Enter your local electricity rate in $/kWh and the EV's energy consumption in kWh/100 miles.
- Review the annual fuel cost savings and the CO₂ reduction.
- Factor in EV purchase cost, tax credits, and lower maintenance to compute the full financial case.
How the result changes with Comparison Period
| Comparison Period | Total Savings |
|---|---|
| 2.4 | $3,308.57 |
| 5.9 | $8,271.43 |
| 10 | $16,542.86 |
| 14 | $23,160.00 |
What each input means
- Comparison Period
- Number of years for the calculation.
How this is calculated
Worked example, using the default values
- Identify Input Parameters4 parametersAnnual Miles Driven = 12000, Gas Price per Gallon = 3.5, Gas Vehicle MPG = 28, Electricity Rate = 13 = 8 input(s) provided
- Calculate Total Savings16542.86 = $16,542.86
- Calculate Annual Fuel SavingsAnnual Fuel Savings1054.29 = $1,054.29
- Calculate Total Annual SavingsTotal Annual Savings1654.29 = $1,654.29
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