EV vs Gas Cost Comparison

Compare the annual and lifetime fuel costs of driving an electric vehicle versus a gas-powered car. See how much you could save by switching to electric.

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How It Works

Electric vehicles are significantly cheaper to fuel than gas cars. The average gas car gets about 28 MPG, costing roughly 12-15 cents per mile in fuel. An efficient EV averaging 3.5 miles per kWh costs about 4 cents per mile at the national average electricity rate. That difference adds up to $800-1,500 per year for the average driver. Over an 8-year ownership period, fuel savings alone can reach $6,000-12,000. Add in lower maintenance costs (no oil changes, fewer brake replacements due to regenerative braking, no transmission service), and the total cost advantage grows even larger.