EV Savings Calculator

Category: Ecology
- September 03, 2025
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Compare the total cost of ownership between electric vehicles and petrol-powered vehicles, including purchase price, fuel/charging costs, maintenance, and more.

Vehicle Information

Purchase Costs

$
$
$
%
years
$

Usage & Efficiency

miles/year
years
miles/kWh
MPG

Energy & Fuel Costs

$ per kWh
$ per gallon
%
$ per kWh

Maintenance & Insurance

$ per year
$ per year
$ per year
$ per year

Resale Value

%
%

Advanced Options

%
%
$

About EV Savings

While electric vehicles often have higher upfront costs than comparable petrol-powered vehicles, they typically have lower operating costs over time. This calculator helps you understand the total cost of ownership and potential savings.

Key Cost Factors
  • Purchase Price: EVs typically cost more upfront but may qualify for tax incentives and rebates.
  • Fuel vs. Electricity: Charging an EV is significantly cheaper than buying petrol.
  • Maintenance: EVs have fewer moving parts and require less maintenance than petrol vehicles.
  • Insurance: EVs often have higher insurance premiums due to higher repair costs.
  • Depreciation: Different vehicles depreciate at different rates, affecting long-term value.
Break-Even Point

The break-even point is when the total cost of owning an EV becomes lower than owning a comparable petrol vehicle. This typically happens after several years of ownership, as the lower operating costs of EVs offset their higher purchase price.

Additional Considerations
  • Environmental benefits and reduced carbon footprint
  • Convenience of home charging versus petrol station visits
  • Local incentives and perks (HOV lane access, free parking, etc.)
  • Potential battery replacement costs for older EVs
  • Evolving technology and infrastructure for EVs

Understanding the EV Savings Calculator

The EV Savings Calculator is a handy tool that helps you compare the total costs of owning electric vehicles (EVs) versus traditional gas-powered cars. By entering various details like purchase price, maintenance costs, and fuel expenses, the calculator shows how much you can save over time with an EV. It's designed to give you a clear picture of your potential savings and costs, making it easier to decide which type of vehicle is right for you.

Why Compare Electric and Gas Vehicles?

Electric vehicles often have different costs associated with them compared to gas vehicles. This calculator addresses these differences head-on. Here are some key reasons why it’s important to compare:

  • Upfront costs vs. long-term savings
  • Fuel efficiency differences between EVs and gas cars
  • Maintenance expenses over time
  • Government rebates and incentives for EVs

Key Information Needed for Calculation

To make accurate comparisons, you'll need to provide specific information about both your electric vehicle and the gas vehicle you're comparing it with. This includes details like the vehicle model, purchase price, efficiency ratings, and more. The more precise your inputs, the better the results from the calculator will be.

How Purchase Costs Factor In

The calculator takes into account the purchase prices of both vehicles, along with any available tax incentives for EVs. This is crucial since EVs often have a higher initial cost but can qualify for significant rebates. By entering the purchase prices, you’ll see how these factors affect your overall savings.

Assessing Usage and Efficiency

Your typical driving habits play a big role in savings. The calculator allows you to input your annual mileage and the estimated efficiency of both vehicles. This helps to show how much you'll spend on fuel or electricity over time, giving you a better understanding of ongoing costs.

Understanding Fuel and Energy Expenses

Fuel costs can vary greatly between driving an EV and a gas vehicle. With this tool, you can enter your local gas prices and electricity rates to see how much you’ll spend on energy. This breakdown is vital for understanding long-term expenses. Here are the energy cost factors you can adjust:

  • Current gas prices per gallon
  • Electricity rates per kWh
  • Home and public charging percentages

Maintenance and Insurance Costs

Maintenance needs can differ for electric and gas vehicles. The calculator lets you enter annual maintenance costs and insurance rates to get a full picture of how much you'll spend each year. Generally, EVs require less maintenance due to fewer moving parts, which could mean less hassle and lower costs long-term.

Evaluating Resale Value

Finally, the calculator helps you consider how your vehicle's resale value might change over time. By inputting depreciation rates for both vehicle types, you can see how these factors affect your long-term Investment. Knowing this can influence your decision as you think about the total cost of ownership.