Electric Vehicle Savings Calculator
Compare the costs and benefits of electric vehicles vs. gasoline vehicles
Vehicle Information
Electric Vehicle
Gas Vehicle
Usage & Regional Factors
Federal tax credits and state incentives can significantly reduce EV costs
Cost Comparison Results
Cost Breakdown
Initial Cost (After Incentives)
10-Year Fuel/Energy Cost
10-Year Maintenance Cost
Total 10-Year Cost of Ownership
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