Compare the lifetime costs of owning a gasoline vehicle versus an electric vehicle to see your potential savings.
Lifetime Gasoline Fuel Cost:
18:35.53099999999904
Lifetime Electric Fuel Cost:
02:32.84900000000016
Lifetime Gasoline Maintenance Cost:
01:59.777000000000044
Lifetime Electric Maintenance Cost:
19:14.859999999999673
Total Lifetime Cost (Gasoline):
16:35.307999999997264
Total Lifetime Cost (Electric):
16:27.70900000000256
Total Savings with EV: 5767.599
Compare lifetime ownership costs by summing purchase price, energy (fuel or electricity) costs, and maintenance over the vehicle lifespan to estimate net savings when choosing an electric vehicle.
Key formula: Total Lifetime Cost = Purchase Price + Lifetime Energy Cost + Lifetime Maintenance Cost
Total Lifetime Cost = Purchase Price + Lifetime Energy Cost + Lifetime Maintenance Cost
Example values: Gas car $30,000, 25 MPG, gas $3.50/gal; EV $40,000, 300 Wh/mile (0.300 kWh/mile), electricity $0.15/kWh; 12,000 miles/year; 10-year life.
Battery replacement is not modeled separately; you can include an estimated battery cost by adding it to the EV purchase price or as an additional maintenance expense.
Yes. Use the annual price increase rate to project future fuel and electricity costs; the calculator compounds those increases across the vehicle lifespan.
Yes. Subtract any purchase incentives or tax credits from the EV purchase price to reflect the net cost when comparing lifetime expenses.
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