EV Savings Calculator
Compare fuel costs of an EV vs. Gas car. Calculate 5-year savings based on electricity rates.
EV fuel savings compares the annual cost of powering a gas vehicle against an electric one at your actual driving distance and local prices. It's calculated as Annual Fuel Cost = (Miles ÷ Efficiency) × Price — MPG and gas price for the gas vehicle, mi/kWh and electricity rate for the EV.
Annual Fuel Savings
$1,166
5-Year Projected Profit
$5,829
Cost Per Mile (EV)
$0.043
Drive Cycle
Energy Cost Delta
Annual Operational Comparison
The Physics of EV Costs
Electric motors convert over 85% of grid energy into motion, compared to ICE vehicles which waste up to 80% as heat.
For side-by-side fuel cost comparisons on specific vehicle models, see FuelEconomy.gov, the official U.S. government fuel economy and cost source.
EV Fuel Logic
EV Strategy Inquiries
?Are EVs actually cheaper to drive?
Yes. While the purchase price may be higher, the cost per mile for electricity is typically 60-70% lower than gasoline.
?What is EV Efficiency?
Usually measured in mi/kWh. A typical EV gets between 3.0 and 4.0 miles for every kilowatt-hour of energy stored in its battery.
?Does home charging save more?
Absolutely. Public fast chargers (DCFC) can cost 3-4x more than home electricity rates, significantly lengthening your ROI period.