Electric Vehicle vs Gas Car Cost Calculator
Compare total cost of ownership between electric vehicles and gas cars including fuel, maintenance, and incentives
About this calculator
This Electric Vehicle vs Gas Car Cost Calculator helps you make an informed decision by comparing the total cost of ownership between electric and gas-powered vehicles. The calculator analyzes multiple financial factors including purchase price, fuel costs, maintenance expenses, insurance, depreciation, and available government incentives. By providing a comprehensive cost breakdown over your desired ownership period, this tool reveals the true long-term financial impact of choosing an electric vehicle versus a traditional gas car, helping you determine which option offers better value for your specific situation.
How to use
Enter the purchase prices, fuel efficiency ratings, and annual mileage for both vehicle types. Input current electricity and gas prices in your area, along with estimated maintenance costs. Add any available tax credits or rebates for electric vehicles. Select your ownership period to calculate and compare the total cost of ownership for each option.
Frequently asked questions
What costs does this calculator include?
The calculator includes purchase price, fuel costs, maintenance, insurance, depreciation, registration fees, and available government incentives or tax credits for electric vehicles.
How accurate are the maintenance cost estimates?
Estimates are based on industry averages. Electric vehicles typically have 40-50% lower maintenance costs due to fewer moving parts and no oil changes required.
Does this factor in electricity rate variations?
Yes, you can input your local electricity rates. The calculator also accounts for off-peak charging rates if you primarily charge at night.