EV vs Gas Cost Calculator

Summary

This calculator compares the annual and 5-year fuel cost of driving an electric vehicle against a gasoline car. Enter your annual mileage, local electricity rate, EV efficiency (miles/kWh), gas price, and gas car fuel economy (MPG) to see exact cost figures side by side. Results update instantly as you adjust any input.

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