EV vs Gas Car Calculator
Compare ev vs gas car side by side. Make an informed decision with our free comparison tool.
What EV vs Gas Car Calculator does
The EV vs Gas Car Calculator on FinancialToolset helps users determine the total cost of ownership when comparing an electric vehicle to a gasoline-powered car. By entering key variables, the tool produces a side-by-side financial analysis covering purchase price, tax credits, charger installation, fuel or electricity costs, maintenance, and insurance over a five to ten year period. The output shows which drivetrain is cheaper and by how much, allowing users to see the true long-term expense of each option. The calculator is designed to turn complex ownership data into a clear comparison for anyone weighing a major transportation purchase.
How to use the Financial Toolset EV vs Gas Car Calculator
- 1
Enter the purchase price for the EV and the gasoline car in the respective price fields
- 2
Input your expected annual mileage and local fuel or electricity rates to calculate ongoing costs
- 3
Adjust sliders for available incentives, charger installation fees, and vehicle MPG or kWh efficiency
- 4
Review the lifetime totals that update in real time to see which vehicle is more cost-effective and by what margin
Best for
This option suits best individuals who are currently weighing the merits of switching to an electric vehicle and want a detailed, data-driven breakdown of five to ten year ownership costs before making a purchase decision.
Limitations
- Results depend on the accuracy of user-entered data and local rate assumptions
- Calculator provides estimates based on input sliders and may not reflect all regional variables
- No unit switching capability beyond the sliders provided for MPG and kWh
EV vs Gas Car Calculator FAQ
- Can I include state and federal tax credits in the calculation?
- Yes, the tool allows you to adjust purchase price and incentives to reflect the full $7,500 federal credit plus any state rebates you qualify for.
- How does the calculator handle home versus public charging costs?
- You can blend your true charging mix, such as 70% home and 30% public DC fast charging, so the electricity bill matches your real-world usage.
- What if I drive significantly more or less than the average annual miles?
- Slide the annual miles input up or down to match your actual commute; the lifetime totals will update immediately to reflect how usage affects savings.
- Does the tool show costs beyond fuel and purchase price?
- Yes, it compares sticker price, tax credits, charger installation, fuel or electricity, maintenance, and insurance over the selected ownership period.