Electric Vehicle Fuel Savings Calculator

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

Reviewed August 29, 2026 · Calculation methodology · Inputs stay in your browser

Annual Mileage Enter how many miles you drive per year.

Gas Vehicle MPG Enter the fuel economy of the gas vehicle (miles per gallon).

Gas Price ($/gallon) Enter the current price of gasoline.

EV Efficiency Enter the electric vehicle's efficiency (e.g., 30 kWh/100mi or 3.3 mi/kWh).

Electricity Price ($/kWh) Enter your electricity rate. Average US residential rate is around $0.15/kWh.

Annual Gas Vehicle Maintenance ($) Average annual maintenance cost for gas vehicle (oil changes, etc.).

Annual EV Maintenance ($) Average annual maintenance cost for electric vehicle.

Years of Ownership 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.