EV Savings Calculator
EV Savings CalculatorCalculate your potential savings by switching to an EV. Compare fuel costs and maintenance expenses.
Imagine cutting your fuel costs and mechanic bills, saying goodbye to gas station fumes, and driving a car that’s smoother and built for the future. With electric vehicles (EVs), that future isn’t coming, it’s already here.
EVs are rewriting the rules of the road. They slash fuel and maintenance costs, deliver cutting-edge performance, and protect the air we breathe.
Switching to an EV can save you thousands of dollars in fuel costs over the life of your car.
Don’t just take our nonprofit's word for it—use our EV savings calculator and see the numbers for yourself. In seconds, you’ll get an estimate of how much you can save compared to a gas car.
If you want lower fuel bills, smarter technology, and to make a meaningful impact on air quality, there’s no reason to wait. The math is clear. The benefits are proven.
Run your numbers with the EV savings calculator today, then use our Electric Car Deal Explorer to find new and used EV deals nearby that fit your budget.
*Disclaimer: This tool is only intended to provide an estimate of potential savings. Actual results will vary.
What People Are Saying About EV Savings
I went from $1,800 a month to just $400 to $500. Just a no brainer. With not worrying about my budget as much, I can offer to give my kids rides to more places, and even drive their friends.
I drive a lot, spending like $1,000 a month with my gas car. Even with my hybrid, it’s like $500 a month. So I did the calculation, and having an EV is much better for me. And you just change windshield wipers and tires, and barely ever change the brakes. So no more big engine repair bills.
The gas savings is a huge benefit. And I never think about oil changes, it’s just software updates. If you do need a repair, you don’t worry as much about ‘is this a good mechanic?’ because the cars are so simple. So it eases the headache.
It’s a little extra money up front, but you’re going to save in the long run. You’re way ahead of the curve, saving all this money on gas. And it’s a lot easier, because they’re better built and there aren’t these unpredictable problems popping out of nowhere.
Every time I get behind a diesel truck, I'm smelling the exhaust, and I'm like, I don't wanna add to that, I don't wanna pollute. That's something that I felt just makes you feel good about it right? You buy an EV for all the mature, responsible adult reasons. And then you find out, like wow, this is way more fun to drive than my other vehicle. The acceleration was extremely surprising. Way more fun on a winding road. So that’s the cool cherry on top, where this is the most fun vehicle I’ve ever driven.
EV Savings Calculator – Your Top Questions Answered
Do You Actually Save Money with an EV?
EV owners typically save $6,000 to $10,000 in fuel and maintenance costs over a vehicle’s lifetime compared to gas cars. Lower electricity prices and reduced maintenance requirements generate long-term savings. See how much EV owners save on fuel costs.
Are electric cars cheaper to maintain than gas cars?
Electric vehicles (EVs) generally require far less maintenance than gas cars because they have fewer moving parts and no need for oil changes, spark plug replacements, or exhaust system repairs. EVs have as few as 20-25 moving parts compared to the hundreds or thousands in a traditional gas vehicle.
How much can I save on fuel by switching to an EV?
Electricity costs significantly less than gasoline. Charging an EV costs 40-65% less than fueling a gas car, depending on electricity rates in your state. On average, U.S. drivers save over $1,000 per year on fuel alone by going electric. Plus, EV owners can charge for free at a number of public stations or use solar power at home for additional savings.
Is It Cheaper to Fuel an EV in All 50 States?
Yes. According to Coltura’s EV Savings Report, electricity costs less than gasoline in every state. Once maintenance savings are included, the difference becomes even greater.
Are Electric Cars Becoming More Affordable?
Yes! Battery costs have dropped nearly 89% since 2008, making EVs more accessible. Each year, more budget-friendly and used EVs become available. See the least expensive EVs available.
Can the Average Person Afford an Electric Car?
A growing supply of affordable used EVs makes them an option, even for those on a budget. People who spend heavily on gasoline—such as those filling up weekly—often find that EV ownership, including monthly payments, reduces overall costs. Find affordable used EVs here.
Is It Financially Smart to Buy an Electric Car?
Yes. With declining battery prices and long-term fuel and maintenance savings, EVs are a smart investment. Their minimal maintenance needs and fewer parts make them cost-effective compared to gas-powered cars.
How Do I Find the Best EV for My Lifestyle and Budget?
Use our nonprofit’s free EV Deal Matcher tool to compare models by range, price, charging speed, and more.
Frequently Asked Questions About EVs
Are electric cars really better for the environment?
EVs produce zero tailpipe emissions, reducing local air pollution. Even when accounting for electricity production, EVs generate far fewer emissions than gas-powered cars. In fact, EVs produce fewer emissions in all 50 U.S. states. Over their lifetime, EVs also create significantly lower carbon emissions—even when charged on a fossil-fuel-based grid. As renewable energy expands, EVs’ climate benefits increase.
How far can electric cars drive on a single charge?
EV range has dramatically improved, with most modern models achieving 200-400 miles per charge. Some upcoming models, such as Toyota’s next-generation EV, are expected to exceed 700 miles per charge. Learn more about EV battery advancements.
Are electric cars faster than gas cars?
EVs deliver instant torque, meaning they accelerate much faster than gas cars. Many mainstream EVs can go from 0-60 mph in under 5 seconds, while high-performance models can do it in under 3 seconds. Unlike gas cars, EVs don’t require multi-gear downshifts, making them incredibly smooth and responsive. See the fastest electric cars.
Do electric vehicles have better ride quality than gas cars?
Because their batteries are positioned low in the chassis, EVs have a low center of gravity, improving stability, handling, and cornering. EVs also eliminate engine noise, exhaust rumble, and gear shifts, making for an exceptionally smooth and quiet ride. EVs are up to 10 dB quieter than gas cars.
Are electric vehicles more reliable than gas cars?
EVs have fewer parts that can break, and their batteries are designed for long lifespans. Tesla is developing a 1-million-mile battery, and research suggests future EV batteries could last 4 million miles. See how long EV batteries last.
How Long Do Electric Cars Last?
Many EV batteries are designed to last 8–10 years or up to 100,000 miles. Some electric vehicles, such as Tesla models, have lasted more than 1 million miles. Newer battery technologies aim to extend lifespan even further.
Is the future electric?
By 2035, over 50% of global auto sales are expected to be electric. Many countries and a number of U.S. states have set up phase-ins of EVs. Norway already has more EVs than gas-powered vehicles.