Calculate how much you can save by switching to an electric vehicle compared to a gasoline-powered car. Enter your vehicle details below, and see the savings in real-time!
Fuel Savings: $0
Total Annual Savings: $0
Switching to an electric vehicle (EV) offers numerous financial and environmental benefits. The most obvious savings come from fuel costs, but there are also significant savings on maintenance and repair expenses. Additionally, many governments offer incentives and tax rebates for EV buyers.
The EV Savings Calculator compares the annual cost of driving a gasoline-powered vehicle to the cost of driving an electric vehicle. It takes into account the price of gasoline, the efficiency of the gasoline vehicle, the efficiency of the electric vehicle (measured in miles per kWh), and the cost of electricity in your area. By comparing these factors, the calculator provides an estimate of how much you can save annually by driving an EV.
The savings are calculated by comparing fuel and maintenance costs between gasoline-powered vehicles and electric vehicles. Here's an example:
Example: Suppose you drive 15,000 miles per year, and gasoline costs $5.00 per gallon. Your gasoline car gets 25 MPG, and your electric vehicle gets 3.5 miles per kWh. Electricity costs $0.25 per kWh. You also save $500 per year in maintenance with an EV.
In this example, switching to an electric vehicle would save you $2,428.57 annually!
The biggest factors influencing how much you can save by switching to an EV include: