EV vs Gas Total Cost of Ownership
Compare what an electric and a gas vehicle really cost to own over several years: depreciation (assumed 15%/year for both), energy or fuel, and typical maintenance ($0.06/mile EV vs $0.10/mile gas).
Inputs explained
- EV purchase price — Price of the electric vehicle (after incentives).
- Gas car purchase price — Price of the comparable gas vehicle.
- Miles driven per year — Your expected annual mileage.
- Ownership period — Years you plan to keep the car.
- Electricity rate — Your cost per kWh for charging.
- EV efficiency — Miles the EV travels per kWh (3–4 is typical).
- Gas price — Fuel price per gallon.
- Gas car fuel economy — The gas car's miles per gallon.
How to use it
- Fill in the fields above — each input has a hint describing exactly what to enter
- Press Calculate to get your result instantly, right on this page
- Copy the result, save the tool to favorites, or share and embed it anywhere
Understanding the result
Example: A $45,000 EV vs a $35,000 gas car over 5 years and 60,000 miles costs about $31,204.69 vs $32,470.31 — the EV wins by roughly $1,266.
Frequently asked questions
Why does the EV still cost close to the gas car if electricity is so much cheaper than gas? Both vehicles are modeled with the same depreciation rate, so a higher EV purchase price can offset its lower energy and maintenance costs, especially over shorter ownership periods or lower annual mileage.
Does the calculator account for EV tax credits or charging equipment installation costs? No, it only compares purchase price, depreciation, energy/fuel cost, and maintenance — it doesn't factor in incentives, rebates, or home charger installation costs, which could change the comparison.
Is the EV vs Gas Total Cost of Ownership free to use? Yes — it is completely free, with no sign-up, no download and no usage limits. You can use it as often as you need.
Is my data private? Yes. The calculation runs entirely in your browser — the values you enter are never sent to our servers, stored or shared with anyone.
What information do I need? Just the following: EV purchase price, Gas car purchase price, Miles driven per year, Ownership period, Electricity rate, EV efficiency, Gas price, Gas car fuel economy. Each field includes a hint explaining exactly what to enter.
Can I use it on my phone? Yes — the tool is fully responsive and works on any device, and the same calculator is available in the EasyWorkCalcs mobile app.
Privacy
Everything you enter into the EV vs Gas Total Cost of Ownership is processed entirely in your browser. Nothing is uploaded, stored or shared — your data stays on your device.