Enter purchase price difference, annual mileage, and energy costs to compare 5-year total ownership cost between an EV and a gas car.
This covers purchase premium, energy, and maintenance only — insurance, depreciation, and any tax credits or rebates can shift the comparison further in either direction.
An EV's higher purchase price is usually offset over time by lower per-mile energy cost (see the detailed breakdown in our EV charging cost calculator) and reduced maintenance from having no oil changes, exhaust system, or as many moving parts. Higher annual mileage accelerates the breakeven point since energy savings accumulate faster relative to the fixed price premium.
No — add your estimated cost from the EV charger installation calculator to the EV side for a more complete comparison if you don't already have one.
Significantly — high-mileage drivers reach EV cost breakeven much faster since fuel/energy savings scale directly with miles driven, while low-mileage drivers may take much longer or never fully offset the purchase premium.