Electric Vehicle Savings Calculator

Electric Vehicle Savings Calculator

Compare the costs and benefits of electric vehicles vs. gasoline vehicles

Vehicle Information

Electric Vehicle

Gas Vehicle

Usage & Regional Factors

5,000 15,000 50,000

Federal tax credits and state incentives can significantly reduce EV costs

Cost Comparison Results

Cost Breakdown

Initial Cost (After Incentives)

EV: $32,500
Gas: $30,000

10-Year Fuel/Energy Cost

EV: $6,300
Gas: $21,000

10-Year Maintenance Cost

EV: $3,000
Gas: $8,000

Total 10-Year Cost of Ownership

EV: $41,800
Gas: $59,000

Savings with EV: $17,200

Savings Over Time

Break-Even Point

Year 2

This is when your EV savings exceed the additional upfront cost

Environmental Impact Over 10 Years

Gallons of Gas Saved

6,000 gallons

CO₂ Emissions Reduced

53,400 lbs

Equivalent Trees Planted

272 trees

Understanding EV Savings

Key Benefits of Electric Vehicles

  • Lower operating costs (fuel and maintenance)
  • Reduced environmental impact and carbon footprint
  • Less dependence on fossil fuels
  • Potential for home charging using solar panels
  • Tax incentives and rebates (federal, state, and local)
  • Improved driving experience (instant torque, quieter)
  • Access to HOV lanes in many regions

Considerations for EV Ownership

  • Higher initial purchase price (offset by incentives)
  • Charging infrastructure availability in your area
  • Range considerations for long-distance travel
  • Battery degradation over time (typically 10-20% after 8 years)
  • Home charging setup costs (Level 2 charger installation)
  • Regional climate effects on battery performance

How Electricity Sources Affect Environmental Impact

The environmental benefits of an EV depend partly on your local electricity grid:

Clean Energy Grid

Regions with high renewable energy have the lowest EV emissions

Mixed Energy Grid

Still substantial benefits compared to gasoline vehicles

Coal-Heavy Grid

EVs still usually produce less lifetime emissions than gas cars

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