EV vs Gas Savings Calculator
See how much an electric car saves you on fuel each year — and over five years — versus a comparable gas car.
Your numbers
Annual fuel savings
$909
EV vs gas
5-year savings
$4,543
EV cost per mile
$0.05
vs 0.12 gas
Insight — Most of an EV's lifetime savings come from cheaper 'fuel': electricity at home is typically a fraction of the per-mile cost of gasoline. The gap widens as gas prices rise or as you drive more miles each year.
What if Annual mileage changes?
| Annual mileage | Annual fuel savings |
|---|---|
| 6,000 mi | $454 |
| 12,000 mi · now | $909 |
| 18,000 mi | $1,363 |
| 24,000 mi | $1,817 |
Run the real EV numbers
Charging, payback and running cost depend on your mileage and local prices — benchmark them before you commit.
Explore EV toolsFree · No sign-up · Independent, source-based math
For context: at roughly the 2026 US averages of $0.16/kWh (EIA) and $3.40/gal, a 3.5 mi/kWh EV works out to about 4.6¢ per mile to fuel versus roughly 12.1¢ per mile for a 28 MPG gas car. Replace the prices and efficiency above with your own to see your figure.
Good to know
Clear, practical answers about the ev vs gas savings calculator.
How much does an EV really save on fuel each year?＋
For a typical 12,000-mile-a-year driver, an efficient EV often costs around $550 a year to charge versus $1,450 or more in gasoline for a comparable car — savings of roughly $900 a year, or about $4,500 over five years. Your exact number depends on local electricity and gas prices.
Does home charging or public charging change the math?＋
Yes. Home charging at residential rates is the cheapest way to fuel an EV. Public DC fast charging can cost two to four times more per kWh, which narrows or even erases the savings if you rely on it heavily. This tool assumes your blended price per kWh.
What about higher electricity prices?＋
Even in high-cost electricity markets, EVs usually stay cheaper per mile than gas because they convert energy far more efficiently. Raise the electricity price field to your local rate to see the honest comparison for where you live.
Related calculators
EV Charging Cost Calculator
Find the cost of a full charge, the cost per mile, and your monthly charging bill — including real-world charging losses.
Open calculatorEV Payback Calculator
See how long it takes for fuel savings to repay the price premium of an EV over a comparable gas car.
Open calculatorEV Range & Cost Calculator
See your usable real-world range after cold and highway losses — and what it costs to drive 100 miles.
Open calculator