Fuel Cost Comparison (EV vs Gas)
Step by step Guide: How to Use the Calculator
- Enter Monthly Distance
Input how many kilometers you drive in a typical month. - EV Efficiency
Enter your EV’s electricity consumption (in kWh per 100 km). Example: 18 kWh/100km. - Electricity Rate
Enter the cost of electricity per kWh (e.g., 0.13 for $0.13/kWh). - Gas Efficiency
Enter your gas car’s fuel consumption (in liters per 100 km). Example: 8.5 L/100km. - Gas Price
Enter the cost of gas per liter (e.g., 1.50 for $1.50/liter). - Click “Compare ”View monthly fuel costs for both EV and gas, plus potential savings.
- Visualize with Chart A bar chart compares EV and gas monthly costs.
- Export Your Results Click “Export CSV” to download a spreadsheet file.Click “Export PDF” to save a formatted report with the chart.
- Reset Anytime Click “Reset / Clear All” to start fresh with new values.
Fuel Cost Comparison – EV Vs Gas
Are You Contemplating Switching to an Electric Vehicle (EV)? One of your primary considerations may be cost. According to an Energy Innovation study from 2024, on average an EV is cheaper to own than its gas alternative in every state.
To accurately determine your costs, it’s essential that you factor in regional electricity rates, home charging services and commercial station usage.
Cost of Battery
Cost remains one of the primary obstacles to electric vehicle adoption; however, as battery prices decline this barrier is becoming easier to overcome and some experts expect EVs will reach cost parity with gas-powered cars in due course.
After considering the upfront cost of owning an EV, it’s also essential to factor in ongoing charges for refueling and maintenance. These expenses may differ by state and region based on electricity rates as well as when charging occurs – for instance some utilities provide reduced rates during off-peak charging hours as opposed to peak charges; many EVs can be programmed to charge during these lower rate times for significant cost savings in total refueling cost.
As noted above, many electric vehicles (EVs) are much more fuel-efficient than their gas counterparts, helping reduce both refueling and maintenance costs. According to one recent Consumer Reports study, it was cheaper for 43 states than not driving an EV rather than gas powered car (but did not take into account additional government or manufacturer incentives).
However, this study failed to take into account the cost of charging at public stations or Alaska’s gas price; furthermore it assumed EV owners used public charging stations 40% of the time (whereas Energy Department estimates it’s more like 20%); furthermore it didn’t account for electricity generated from chargers nor emissions created when burning gasoline.
One important consideration is that conventional cars release about 20 pounds of carbon dioxide each time they fill their gas tank, with researchers estimating this will cost society approximately 50 cents in climate damage damage costs; electric vehicles (EVs) offer us the chance to significantly decrease our carbon footprint.
Decisions about buying electric vehicles (EVs) should ultimately be personal ones based on driving habits, lifestyle and charging infrastructure availability. With that being said, recent statistics reveal that it’s now cheaper to refuel an EV than fill up a gas car in 49 of 50 states with Alaska being an exception – and that trend should only get stronger as battery prices drop further and EVs become more efficient.
Cost of Charging
Electric vehicles (EVs) are growing increasingly popular, yet some drivers remain wary due to concerns over costs. While an initial investment will likely be needed for an EV purchase and operation over time due to lower fuel, maintenance, and electricity expenses. Many drivers also worry about global climate change impacts; by eliminating gasoline use – one major contributor – an EV can help minimize these negative consequences by helping mitigate climate change impacts.
Calculating the exact cost of charging an electric vehicle (EV) can be challenging due to fluctuating electricity rates across states and regions, as well as when you choose to charge. To minimize charging expenses, owners may benefit by taking advantage of off-peak hours when energy prices are at their lowest; additionally, these vehicles can often be programmed to charge automatically at home during this period. Taking all this into consideration, a 2020 study examined lifetime fuel costs for both types of vehicles across each state – and found a clear winner when comparing electric vs internal combustion engine vehicles against internal combustion engine vehicles across 50 states!
Results indicated that electric vehicles (EVs) are more cost-effective to own and operate in 43 of 50 states than traditional gasoline cars, due to being more energy-efficient, often lasting further on one charge, and typically being powered by renewable sources of energy that do not contribute to climate change.
Drivers in certain states can also receive financial incentives from utility companies to cover the cost of charging an EV, which can lower ownership costs by as much as $3,600 over five years.
Although EVs offer savings, it should be remembered that they alone cannot solve the world’s climate crisis. To combat climate change properly, sustainable transportation systems that replace gas-powered vehicles will need to be put in place; fortunately, we already possess this technology through electric buses, trucks and trains powered by renewable sources like wind or solar power.
Cost of Fuel
One of the primary factors when it comes to comparing electric and gas vehicles is fuel costs, which depend on your location. There are online tools available that allow users to quickly compare these costs of driving an EV versus gas vehicle; such as one from the US Department of Energy which will compare multiple vehicles at once by factoring in your annual driving habits, EPA data and loan information – as well as considering state gas and electricity rates to make the best comparison possible.
The Electric Vehicle Calculator allows you to input various variables that influence the costs associated with an EV, including your driving habits and energy usage, in order to estimate its estimated maintenance, electricity, fuel, and price per mile costs compared to comparable gasoline vehicles. It will provide a breakdown of this estimated amount as well as provide an estimated price per mile estimate.
Though initial costs for an electric vehicle (EV) may be greater, in time their total ownership costs should be significantly less. Beyond savings on fuel costs and emissions reductions (such as reduced greenhouse gases emissions from each gallon of gasoline adding 20 pounds of carbon dioxide into the atmosphere causing about 50 cents worth of climate damage per gallon according to Resources for the Future’s study), single batteries of an EV have enough capacity to emit no more than 3 pounds of CO2.
Electric vehicle (EV) owners can save both on fuel savings and on routine maintenance and repair expenses, unlike traditional cars which require regular oil changes and tune-ups. Their main expense comes in replacing tires which wear down more quickly due to being heavier.
While electric vehicle (EV) savings can be significant, their initial investment often remains too costly for some drivers. To help bridge that gap, some states and companies offer financial incentives that encourage adoption of EVs.
Cost of Maintenance
An internal combustion vehicle requires frequent oil changes, valve adjustments, belt replacements and other maintenance tasks in order to stay running smoothly. Electric cars tend to require much less regular upkeep due to having fewer moving parts that need attention; however, regular care must still be given for things such as brakes and tires and eventually their battery packs wear out over time; furthermore they incur the added expense of charging electricity charges as part of daily life.
The Anderson study estimates that owners of luxury electric vehicles face an estimated monthly “time burden” of $400 for charging. This estimate is calculated based on drivers spending time at gas stations versus typical hourly wages; however, overnight charging at home for much less money. Also worth remembering is that charging times tend to be much shorter compared with gas station queues.
Note that initial costs associated with electric vehicles (EVs) may be higher than comparable gas vehicles; this is where tax credits and rebates come into play; however, many people will find that their long-term operating costs for an EV will be much lower over its lifespan than similar gas cars.
Savings vary for electric vehicle (EV) drivers depending on a number of factors including the model they drive, electricity rates in their region, driving habits and other considerations. Tools like the Alternative Fuels Vehicle Cost Calculator are useful in estimating potential savings; it allows users to select up to eight makes and models while taking your driving habits such as type of roads you usually travel on into account. MIT’s Carbon Counter can also be helpful for calculating potential savings from making the switch.