Savings Calculator

Savings Calculator

This quick and easy to use calculator will determine the savings of fueling your EV versus a gas vehicle. Keep in mind that this doesn't factor in other savings such as the IRS $7500 tax incentive, lower cost of maintenance, and smog certificates.
 

The variables are on the left (feel free to change) and the constants are on the right.

The average American drives about 18,000 miles a year.


 
Miles Driven per Year:       Current Cost of Gas per Gallon ($):
MPG of Current Gas Car:       Annual Increase in Cost of Gas (%):
Watt/Hours per Mile of EV:       Cost of kWh of Electricity ($):
        Annual Cost Increase of Electricity (%):


 
Year          Cost of Fuel          Cost of Electricity          Annual Savings          Net Savings         
1 $4,650.00 $756.00 $3,894.00 $3,894.00
2 $5,170.80 $788.51 $4,382.29 $8,276.29
3 $5,691.60 $821.02 $4,870.58 $13,146.88
4 $6,212.40 $853.52 $5,358.88 $18,505.75
5 $6,733.20 $886.03 $5,847.17 $24,352.92
6 $7,254.00 $918.54 $6,335.46 $30,688.38
7 $7,774.80 $951.05 $6,823.75 $37,512.13
8 $8,295.60 $983.56 $7,312.04 $44,824.18
9 $8,816.40 $1,016.06 $7,800.34 $52,624.51
10 $9,337.20 $1,048.57 $8,288.63 $60,913.14