Handeware
Cars and travel

Yearly fuel saving

$824
Yearly electricity cost
$576
Yearly gas cost
$1,400

EV vs Gas Cost Calculator

Compare the yearly fuel or electricity bill for an electric car and a gasoline car over the same distance. Enter your own prices and efficiencies. The result covers fuel and power only.

How it works

For each car, the yearly distance is turned into kilowatt-hours or gallons using its efficiency, then multiplied by the price. The difference between the two is the yearly saving on fuel.

Purchase price, repairs, insurance and tax are left out, and each can matter as much as fuel. Compare the full cost of ownership as well before you decide.

Worked example

Driving 12,000 mi a year, an electric car uses $576 of electricity and a gas car uses $1,400 of fuel. The difference is $824 a year, before purchase price and upkeep.

Questions

Does the EV save money every year?

Only if its power costs stay below the gas car's fuel costs on your prices. Changing the price of power or gas changes the answer.

Should I use home or public charging?

Use the price you actually pay. Home charging is often cheaper per kilowatt-hour than public stations.

What if I drive fewer miles?

The yearly saving falls in proportion, so enter your own mileage for the most useful answer.

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