EV Saving Calculator

Calculate your potential savings by switching from a gasoline car to an Electric Vehicle (EV ). Compare fuel costs, maintenance savings, and incentives.

Current Gasoline Car Details

$1.00 $8.00
10 MPG 60 MPG
5,000 30,000

Electric Vehicle Details

$0.05 $0.40
Most EVs use 25-35 kWh per 100 miles
15 kWh 45 kWh
Typical annual savings on maintenance for EVs vs. gasoline cars
$0 $1,000
Federal or state tax credits, rebates, etc.
$0 $15,000
Total 5-Year Savings
$14,700
Estimated savings over 5 years
Annual Fuel Savings
$1,140
Annual Maintenance Savings
$300
One-time Incentives
$7,500
Total Annual Savings
$1,440

Understanding Your EV Savings

Fuel Cost Comparison

Electric vehicles typically have significantly lower "fuel" costs compared to gasoline cars, especially if you charge at home during off-peak hours. This calculator helps you see the difference based on your local electricity and gas prices.

Maintenance Savings

EVs have fewer moving parts than internal combustion engine (ICE) vehicles, leading to lower maintenance costs. No oil changes, spark plugs, or complex exhaust systems mean less frequent and less expensive servicing.

Incentives and Tax Credits

Many governments offer incentives to encourage EV adoption. In the United States, federal tax credits of up to $7,500 are available for qualifying EVs, and many states offer additional rebates or incentives.

Environmental Benefits

While not directly financial, switching to an EV significantly reduces your carbon footprint. Even when accounting for electricity generation, EVs produce fewer emissions than gasoline vehicles in most regions.