EV vs Gas Cost Calculator

Enter your annual mileage, electricity rate, gas price, and each vehicle's efficiency to see which costs less to drive per year and over 5 years.

Your Driving Inputs

miles/yr
Electric Vehicle
$ /kWh
mi/kWh
Gas Car
$ /gal
MPG

Cost Per Mile

Electric
per mile
Gas
per mile

Annual Fuel Cost

Electric
Gas

5-Year Fuel Cost

Electric
Gas
Annual savings
5-year:

Summary

Enter your annual mileage, electricity rate, gas price, and each vehicle's efficiency to see which costs less to drive per year and over 5 years.

How it works

  1. Enter your estimated annual miles driven.
  2. Enter your electricity rate in dollars per kWh (check your utility bill).
  3. Enter the EV efficiency in miles per kWh (EPA label or spec sheet).
  4. Enter the current gas price per gallon in your area.
  5. Enter the gas car fuel economy in MPG.
  6. Read the annual and 5-year cost comparison instantly.

Use cases

  • Decide whether switching to an EV makes financial sense given your driving habits.
  • Compare two specific models — one EV and one gas — before buying.
  • Estimate annual fuel savings when leasing an EV vs keeping a gas car.
  • Factor fuel costs into the total cost of ownership analysis over 5 years.
  • Share a quick savings estimate with a partner or financial advisor.
  • Recalculate as gas prices or electricity rates change over time.

Frequently Asked Questions

Last updated: 2026-06-11 · Reviewed by Nham Vu