EV Cost Savings Calculator: Compare Electric vs Gas Vehicle Expenses
Going electric can lead to significant cost savings across multiple areas. Here's how EVs can save you money:
Fuel Cost Savings Electric vehicles offer substantial savings on fuel costs compared to gas-powered vehicles. You can charge at home, work, or while running errands, eliminating time spent at gas stations.
EV savings calculator tool interface
The Choose EV Savings Calculator helps estimate your potential savings by comparing:
- Mileage savings
- Annual fuel costs
- Long-term cost differences Simply input your current gas vehicle and desired EV model to see your potential savings.
Purchase Price Savings New EV purchases often qualify for various incentives that can significantly reduce the initial cost:
- Federal tax credits
- State rebates
- Local incentives
- Utility company rebates
EV vs gas vehicle cost comparison
Maintenance Cost Savings EVs require significantly less maintenance than gas vehicles, with recent data showing:
Woman using EV fast charger
Savings by vehicle type:
- Compact Sedan: 40%+ savings on fuel and maintenance
- Standard Sedan: 39% lower maintenance costs
- Compact SUV: 40% maintenance savings
- Mid-Size SUV: 39% lower maintenance costs
- Pickup: 39% maintenance savings
No more oil changes or smog checks needed, resulting in significant long-term savings.
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