Choosing between electric and conventional vehicles? Our EV vs Gas Calculator eliminates the guesswork! Instantly compare long-term ownership costs—including EMI, fuel expenses (EV vs petrol), maintenance, and tax incentives. Discover how much you’ll save with an EV over petrol cars in just 30 seconds. Smarter decisions start here!
EV vs Gasoline | Petrol | Fuel | Car Savings Calculator
Compare total ownership costs and EMI payments to see how much you can save with an electric vehicle
Input Parameters
Electric Vehicle
Gas/Petrol Vehicle
Total Cost Comparison
Total EV Cost
Total Gas/Petrol Car Cost
Your Savings with EV
EMI Comparison
Electric Vehicle EMI
Gas/Petrol Vehicle EMI
Long-term Insight
While the EV has a higher monthly EMI payment, the lower operating costs mean you save money in the long run. The additional monthly EMI cost is offset by your fuel savings.
- EV monthly fuel savings: ₹14,000
- Net monthly position: ₹0 difference
- After loan completion: You'll save ₹25,000/month with EV
Why Compare EV vs Gas Costs? Your EV vs Gas Calculator for Gas Savings
Hidden Savings Factors
Beyond fuel costs, consider these financial advantages:
- Lower maintenance: EVs require no oil changes, fewer brake replacements (regenerative braking), and have fewer moving parts
- Tax incentives: Federal tax credits up to $7,500 + state/local incentives
- Time savings: Home charging vs gas station visits
EV vs Gas Cost Analysis Methodology
How We Calculate Your EV vs Gas Savings
Calculation Process
1. Energy Costs
We use your entered rates exactly as provided:
Electricity Cost
Your Input: [ev-cost] per kWh
Calculated as:
(Distance / Efficiency) × Your Rate
Gasoline Cost
Your Input: [gas-cost] per gallon/liter
Calculated as:
(Distance / MPG) × Your Rate
2. Loan Calculations
Standard EMI formula using your exact inputs:
Where:
P = (Vehicle Price – Down Payment)
R = Your Interest Rate / 12
N = Loan Term in Months
3. Total Cost Comparison
Simple sum of all components:
(Annual Fuel Cost × Years) +
(Annual Maintenance × Years) –
Tax Credits
About Manual Inputs
This calculator doesn’t use preset rates because:
- Gas prices vary daily by location
- Electricity rates differ by utility provider
- Incentives change frequently
- Vehicle efficiency depends on driving style
For most accurate results, use:
- Your latest electricity bill’s kWh rate
- Current gas prices from your local station
- Actual loan offers from your bank
Real-World Savings Examples
See how actual drivers saved with EVs:
How John saved $8,500 on his Tesla Model 3
Sarah’s 7-year cost analysis: Nissan Leaf vs Honda Civic
UPS fleet savings: $200K/year with electric delivery vans
Pro Tip: Create your own case study using our calculator results!
EV Tax Credits & Incentives Guide
Current US federal tax credits (2023):
$7,500: New EVs meeting battery requirements
$4,000: Used EVs (30% of sale price)
Additional savings: State incentives up to $5,000 + local utility discounts
How the EV vs Gas Calculator Works
The calculator compares total ownership costs between electric and gasoline vehicles over time, including both upfront costs and ongoing expenses. Here’s the step-by-step process:
1. Input Parameters:
- Currency Selection: Choose your local currency (supports 30+ currencies worldwide)
- Daily Driving Distance: Enter your average daily travel (in miles/km)
- Comparison Period: Set how many years you want to analyze (1-15 years)
For Electric Vehicles (EV):
- Purchase price, down payment, loan terms (interest rate and duration)
- Electricity cost per kWh
- Vehicle efficiency (kWh/100mi or kWh/100km)
- Available tax credits/incentives
For Gas Vehicles:
- Purchase price, down payment, and loan terms
- Fuel cost (per gallon/liter)
- Fuel efficiency (mpg or L/100km)
2. Key Calculations of EV vs Gas Calculator:
- Annual Driving Distance:
Daily Distance × 365 days
- EV Energy Costs:
(Annual Distance / Efficiency) × Electricity Cost
*(e.g., 15,000 km / 6.2 km/kWh × $0.15/kWh)*
- Gas Fuel Costs:
(Annual Distance / Efficiency) × Fuel Cost
*(e.g., 15,000 km / 12 km/L × $1.20/L)*
- Loan Calculations (EMI):
Uses standard loan formula accounting for:Loan Amount = Price - Down PaymentMonthly Interest Rate = Annual Rate ÷ 12EMI = [P × r × (1+r)^n] ÷ [(1+r)^n-1]
- Total Cost of Ownership:textCopyDownloadTotal Cost = Down Payment + (EMI × Loan Term) + (Annual Fuel Cost × Comparison Years) – Tax Credits
3. EV vs Gas Calculator Results Shown:
- Total Cost Comparison: Side-by-side comparison of all costs over your selected period
- Savings Calculation: Shows how much you’d save with EV vs Gas
- EMI Comparison: Monthly payment differences
- Visual Chart: Bar graph displaying cost breakdown
- Long-Term Insights:
- Monthly fuel savings with EV
- Net monthly position (factoring EMI + fuel costs)
- Projected savings after loan completion
4. Smart Unit Conversions:
- Automatically converts between:
- Miles ↔ Kilometers
- MPG ↔ L/100km
- kWh/100mi ↔ kWh/100km
- Per gallon ↔ Per liter pricing
5. Key Assumptions:
- Consistent daily driving distance
- Fixed electricity/fuel prices
- Loan terms remain unchanged
- Tax credits are applied upfront
- No maintenance cost differences (focus on fuel/energy costs)
Why This Matters:
The tool reveals hidden savings by showing:
- How higher EV payments are offset by lower “fuel” costs
- The breakeven point where EV becomes cheaper
- Long-term savings potential beyond the loan period
- Impact of local fuel/electricity prices on savings
Users can adjust all variables to match their situation, making it a personalized comparison rather than generic estimates. The real power is seeing both the monthly cash flow impact (EMI) and the long-term total savings in one view.