With rising fuel costs and electric vehicle (EV) incentives, choosing between gas and electric cars is a major financial decision. Our fuel vs electric calculator at evvsgascarcost.com simplifies this dilemma. It analyzes EMI, fuel expenses, maintenance, taxes, and incentives over 5-10 years—giving you a clear roadmap to maximize savings. Whether you’re buying new or upgrading, this tool reveals who saves more and why.
Why You Need a Fuel vs Electric Calculator
Traditional cost comparisons ignore long-term ownership expenses. Our fuel vs electric calculator factors in:
- Fuel/charging costs (current electricity rates vs gasoline prices)
- EMI differences (loan terms for EVs vs gas cars)
- Maintenance (EVs save 40% with no oil changes/engine repairs)
- Tax credits & incentives (e.g., $7,500 U.S. federal tax credit)
- Resale value (EVs depreciate slower in 2024)
Try Our Free Fuel vs Electric Calculator
How Our Fuel vs Electric Calculator Works
- Input Your Data:
- Gas car model + annual mileage
- EV model + home/public charging mix
- Loan interest rate & tenure
- Algorithm Analysis:
Our tool compares 8 cost variables (fuel, electricity, insurance, maintenance, EMI, incentives, taxes, resale). - Instant Results:
See total 10-year savings, break-even year, and monthly EMI impact.
Try Our Free Fuel vs Electric Calculator
Key Factors That Impact Your Savings
✅ Fuel vs Electricity Costs
Gas prices fluctuate wildly; electricity stays stable. Example:
- Gas Car: $1,800/year (15,000 miles)
- EV: $540/year (charging at $0.13/kWh)
✅ Maintenance & Repairs
EVs skip oil changes, exhaust fixes, and transmission repairs. Average savings: $6,000 over 5 years.
✅ EMI & Financing
EV loans often have lower interest rates (e.g., 3.5% vs 5% for gas). Our fuel vs electric calculator includes:
- Down payment
- Loan tenure
- Interest rate differences
Real-World Example: Tesla Model 3 vs Honda Accord
| Factor | Tesla Model 3 (EV) | Honda Accord (Gas) |
|---|---|---|
| 5-Year Fuel | $2,700 | $9,000 |
| Maintenance | $1,200 | $4,800 |
| Tax Credits | -$7,500 | $0 |
| Total Savings | $17,400 |
Tool source: evvsgascarcost.com
Environmental Impact: Beyond Savings
Switching to an EV slashes 8.2 tons of CO₂ emissions over 5 years. Our calculator includes carbon tax rebates where applicable.
Try Our Free Fuel vs Electric Calculator
Maximize your savings in 3 steps:
- Visit evvsgascarcost.com
- Enter your car models + driving habits
- Get personalized savings report instantly
FAQs: Fuel vs Electric Calculator
Q1: How accurate is this fuel vs electric calculator?
We update fuel prices, electricity rates, and incentives monthly using data from 50+ global sources.
Q2: Does the calculator include EV charging station costs?
Yes! Input home/public charging % for precise results.
Q3: Can I compare used gas cars vs new EVs?
Absolutely. Adjust vehicle age, mileage, and battery condition.
Q4: How do EMI calculations work for EVs?
We factor loan tenure, interest rates, and EV-specific bank offers.
Q5: Are government incentives included?
Yes. Tool covers tax credits, rebates, and registration discounts in 15 countries.