EV Savings Calculator
Compare fuel costs of an EV vs. Gas car. Calculate 5-year savings based on electricity rates.
Annual Fuel Savings
$1,166
Operational Efficiency
5-Year Projected Profit
$5,829
Capital Recoupment
Cost Per Mile (EV)
$0.043
Energy Density
Drive Cycle
Energy Cost Delta
Annual Operational Comparison
The Physics of EV Costs
Electric motors convert over 85% of grid energy into motion, compared to ICE vehicles which waste up to 80% as heat.
EV Fuel Logic
$$ C_{fuel} = \frac{M}{E} \times R_{kwh} $$
EV Strategy Inquiries
?Are EVs actually cheaper to drive?
Yes. While the purchase price may be higher, the cost per mile for electricity is typically 60-70% lower than gasoline.
?What is EV Efficiency?
Usually measured in mi/kWh. A typical EV gets between 3.0 and 4.0 miles for every kilowatt-hour of energy stored in its battery.
?Does home charging save more?
Absolutely. Public fast chargers (DCFC) can cost 3-4x more than home electricity rates, significantly lengthening your ROI period.