The EV vs gas total cost comparison calculator shows the 5 and 10-year cumulative cost of owning an electric vehicle versus a gasoline car. Enter both vehicles' details to see the break-even point where EV savings overtake the higher upfront cost.
Electric Vehicle (EV)
Used to calculate energy cost per mile
Gas Vehicle
Driving & Cost Assumptions
Cumulative Cost Over Time
Annual Cost Breakdown
| Category | EV / year | Gas / year |
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How to Compare EV vs Gas Total Cost
The EV vs gas cost comparison looks beyond the sticker price to show the true total cost of ownership (TCO) — all the costs you'll pay over 5-10 years of ownership. EVs typically cost more upfront but less to fuel and maintain, so the break-even point depends entirely on your driving habits.
The Price Premium and How to Offset It
The average EV costs $10,000-$20,000 more than its gas equivalent in the same segment. The federal $7,500 tax credit (available at point of sale for qualifying vehicles) closes that gap significantly. State incentives (California $7,500, Colorado $5,000, NY $2,000) can further reduce the premium. For a Tesla Model 3 vs Toyota Camry comparison, the credit makes the net price difference only $2,000-$5,000.
Fuel Cost Savings
At 12,000 miles/year: A 32 MPG gas car at $3.50/gallon spends $1,313/year on fuel. An EV getting 3.5 miles/kWh at $0.16/kWh spends $549/year. That's $764/year saved on fuel. Over 5 years: $3,820. Over 10 years: $7,640. High-mileage drivers (20,000 mi/year) see $1,270/year in fuel savings, making break-even much faster.
Maintenance Savings
EVs eliminate oil changes ($80-$150 × 2-3/year), spark plug replacements ($150-$400 every 30K miles), transmission fluid, and coolant. They also use brakes less due to regenerative braking. Industry consensus estimates $0.03/mile EV maintenance vs $0.06/mile gas. At 12,000 miles/year, that's $360 saved annually, or $3,600 over 10 years.
Depreciation Reality
Both EVs and gas cars depreciate, but EVs can depreciate faster (especially older Tesla models and early Bolt/Leaf). However, some EVs (Model Y, Model 3) have held value very well due to demand. Our calculator uses equivalent depreciation rates as a conservative assumption. The resale value gap is narrowing as EV adoption grows.
FAQ
Are electric vehicles really cheaper than gas cars over time?
Generally yes, but it depends heavily on your annual mileage, local electricity vs. gas prices, and the purchase price premium of the EV. High-mileage drivers (15,000+ miles/year) typically see break-even around year 3-5. Low-mileage drivers (<8,000 miles/year) may never recoup the higher upfront cost of an EV.
What is the federal EV tax credit in 2026?
The Inflation Reduction Act provides a $7,500 federal tax credit for new EVs that meet assembly and battery sourcing requirements. The credit now applies at the point of sale (not as a refund). Some used EVs qualify for a $4,000 credit. Income limits apply: $150,000 single / $300,000 married. Vehicle MSRP limits: $80,000 for trucks/SUVs, $55,000 for sedans/wagons.
How much cheaper is EV maintenance than gas cars?
EVs typically cost about 40% less to maintain than gas vehicles. No oil changes ($80-$150/year saved), fewer brake services (regenerative braking), no transmission fluid, no spark plugs. Industry estimates average EV maintenance at $0.03/mile vs $0.06/mile for gas cars. Over 50,000 miles, that's $1,500 in maintenance savings.
How much does home EV charging cost?
The average US electricity rate is about $0.16/kWh (2026). A typical EV uses 3-4 miles per kWh. At 3.5 mi/kWh and $0.16/kWh, you pay about $0.046/mile, versus $0.10-$0.14/mile for a 25-35 MPG gas car at $3.50/gallon. Level 2 home charger installation costs $400-$1,200 as a one-time setup cost.
Is this EV vs gas comparison calculator free?
Yes, completely free. All calculations run locally in your browser — no data is sent anywhere. Adjust any parameter to match your specific situation. No signup required.