💰 Electric Car Gas Savings Calculator
Intro
People always want to know exactly how much it costs to fill up an EV compared to gas, and it can be a somewhat confusing concept to grasp. This calculator breaks it down based on your local utility rates and driving habits. Find out exactly how much you can save every year by making the switch.
⚡ EV Charging Costs
The cost to power an EV depends heavily on where you charge. As Scott McKenna puts it, the true cost savings though when it comes to an EV is always and will always be home charging at your own level two charging.
Imagine we took a 100-mile trip. An average EV gets roughly 2.5 miles per kilowatt-hour, meaning a 100-mile trip would take 40 kWh of total usage. Home charging, which is 8 cents a kilowatt, is by far the cheapest option compared to public networks.
⛽ Gas Car Comparison
Compare this to a gas vehicle based on the national average fuel price. Let's take a look at the gas car which might be about $3.75 a gallon Nationwide average.
In order for a gas vehicle to equal the efficiency and cost of an EV vehicle, that gas car would have to get 117 miles per gallon at $3.75 a gallon. If you rely exclusively on public fast chargers, the math changes, but home charging delivers massive guaranteed savings.
🔗 See Also
Based on content by Scott McKenna on YouTube.
📊 Results
EV Annual Cost
Gas Annual Cost
Equivalent MPG
77
Annual Savings
The Verdict
Go Electric ⚡
Calculator updated by heyfinfam (v26.7.0) · View history
Privacy: None of your data is transmitted to the author of this view or any other third parties. Financial inputs are never used to identify you; they're only used to calculate results.
Disclaimer: This content and any calculations provided are for informational purposes only. The views, calculations, and methodologies expressed are those of the author and do not necessarily reflect those of this platform. Not financial advice. Users are solely responsible for any decisions made based on this information.
See more views
Based on "Tesla How Much To Charge - How Much Does it Cost To Charge a Tesla at Home Compared To Using Gas?" by Tesla How To. Calculate fuel savings of an EV compared to a gas car
Tesla Cost of Ownership vs. Gas Car
Based on "TESLA vs GAS: TRUE Costs After 50k Miles" by Vegas Carmen. Does driving an EV save me money compared to a gas car?
How much would I save charging my EV at home instead of using public superchargers?
Based on "Can You Afford a Tesla? | How Much I Pay Per Month" by Jeremiah Jones. Can I afford the true monthly costs of a Tesla?