Electric Vehicle Fuel Savings Calculator

Calculate how much you can save by driving an electric vehicle compared to a gas-powered vehicle.

Enter how many miles you drive per year.
Enter the fuel economy of the gas vehicle (miles per gallon).
Enter the current price of gasoline.
Enter the electric vehicle's efficiency (e.g., 30 kWh/100mi or 3.3 mi/kWh).
Enter your electricity rate. Average US residential rate is around $0.15/kWh.
Average annual maintenance cost for gas vehicle (oil changes, etc.).
Average annual maintenance cost for electric vehicle.
How many years you plan to own the vehicle.

EV Savings Tips

  • The average American household spends $2,000-$4,000 per year on gasoline.
  • Most EV owners charge their vehicles at home during off-peak hours for maximum savings.
  • Electric vehicles typically have lower maintenance costs due to fewer moving parts - no oil changes, fewer brake pad replacements, etc.
  • Many utility companies offer special EV rate plans with lower electricity costs during overnight hours.
  • Federal, state, and local incentives can further reduce the cost of purchasing an EV.
  • Some employers offer free workplace charging, which can significantly reduce your electricity costs.
  • Consider installing solar panels at home to reduce or eliminate your EV charging costs.