EV vs Gas Cost of Ownership Calculator

Years of ownership: 7

Annual miles

Gas price

$/gal

Electric

Purchase price

Efficiency

mi/kWh

Maintenance / yr

Gas

Purchase price

Fuel economy

MPG

Maintenance / yr

Your state (sets home rate)

Home electricity rate

$/kWh

Public charging rate

$/kWh

Charged at home: 80% (public 20%)

EV costs more by over 7 yr

$2,384

Break-even point: 9.2 years

EV cost / mile: 6.1¢/mi
Gas cost / mile: 11.8¢/mi
EV total (7 yr): $47,184
Gas total (7 yr): $44,800

Compares purchase price + fuel + maintenance. Excludes insurance, registration, and resale value, which vary widely. Incentives lower the EV price — enter a discounted price to include them. Estimates only.