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Electric vs Gas Car Calculator

Compare the total cost of ownership between an electric vehicle and a gas car over your planned ownership period. Includes purchase price, fuel costs, maintenance, tax credits, and CO2 emissions with a year-by-year breakdown showing exactly when the EV breaks even.

By SplitGenius TeamUpdated February 2026

Switching from a 28 MPG gas car to an EV averaging 3.5 mi/kWh saves roughly $1,200/year in fuel and $600/year in maintenance. At $3.50/gallon gas and $0.16/kWh electricity, most EVs break even in 4–6 years after the $7,500 federal tax credit. Over 10 years, the average EV owner saves $15,000–$22,000 and prevents 47,000 lbs of CO2 emissions.

Your Driving

12,000 miles/year

US average: 13,500 miles/year. City commuters: 8K–10K. Road warriors: 20K+.

years

Average car ownership: 8–12 years. Longer = more EV savings.

Gas Car

$

US average: ~$3.30–$3.60. CA: ~$4.60. TX: ~$2.95.

Sedan: 28–35. SUV: 22–28. Truck: 15–20. Hybrid: 45–55.

$

Average new car: ~$48K. Average used: ~$28K.

$/yr

Oil changes, brakes, exhaust, transmission. Avg: $1,200–$1,500/yr.

Electric Car

$

US average: ~$0.16/kWh. CA: ~$0.25. TX: ~$0.12. Off-peak rates lower.

Tesla Model 3: 4.0. Model Y: 3.5. F-150 Lightning: 2.1. Avg EV: 3.3–3.8.

$

Model 3: ~$39K. Model Y: ~$45K. Bolt EUV: ~$28K. Ioniq 5: ~$42K.

$/yr

No oil changes, fewer brake jobs. Avg: $600–$900/yr.

$

Federal: up to $7,500 new, $4,000 used. Some states add $500–$7,000 more. Set to $0 if your EV or income doesn't qualify.

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1

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Frequently Asked Questions

How much cheaper is an EV to fuel than a gas car?

At national averages ($3.50/gallon gas, $0.16/kWh electricity), a 12,000-mile/year driver saves about $1,200 annually on fuel with an EV. A gas car averaging 28 MPG costs $1,500/year in fuel, while an EV averaging 3.5 mi/kWh costs about $550/year in electricity.

How long does it take for an EV to break even?

Most EVs break even in 3-7 years depending on the price gap, fuel costs, and available tax credits. A $7,500 federal tax credit can shorten break-even by 2-3 years. High-mileage drivers break even faster because fuel savings compound more quickly.

What maintenance costs are different for EVs?

EVs have no oil changes, transmission fluid, spark plugs, or exhaust system costs. Average EV maintenance is $600-$900/year vs $1,200-$1,500/year for gas cars. EVs do need brake pad replacement (less often due to regenerative braking) and eventual battery replacement ($5,000-$15,000 after 150,000+ miles).

How much CO2 does switching to an EV save?

A gas car emits about 19.6 lbs of CO2 per gallon. At 28 MPG and 12,000 miles/year, that is 8,400 lbs annually. An EV using grid electricity emits about 3,700 lbs equivalent (varies by state). Net savings: roughly 4,700 lbs of CO2 per year, or 47,000 lbs over 10 years.

What EV tax credits are available in 2026?

The federal EV tax credit offers up to $7,500 for new qualifying EVs (income limits: $150K single, $300K joint). Used EVs qualify for up to $4,000 (income limits: $75K single, $150K joint). Many states offer additional rebates of $500-$7,000. Check IRS.gov for current qualifying models.

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Fuel Cost Comparison: Gas vs Electric

Fuel is where EVs win by the widest margin. A gas car averaging 28 MPG at $3.50/gallon costs $0.125 per mile in fuel. An EV averaging 3.5 miles per kWh at $0.16/kWh costs $0.046 per mile—63% less per mile driven.

The gap widens with mileage. Someone driving 20,000 miles/year spends $2,500 on gas versus $914 on electricity. That's $1,586/year in fuel savings alone, before you count maintenance.

Annual Fuel Cost by Mileage (Gas at $3.50/gal vs Electricity at $0.16/kWh)

Miles/YearGas Car (28 MPG)EV (3.5 mi/kWh)Annual Savings
8,000$1,000$366$634
12,000$1,500$549$951
15,000$1,875$686$1,189
20,000$2,500$914$1,586
25,000$3,125$1,143$1,982

Electricity prices vary less than gas prices. While gas swings between $2.80 and $5.50 depending on region and season, residential electricity rates stay between $0.10 and $0.25/kWh in most states. That price stability means your EV fuel budget is far more predictable. For a detailed trip-level breakdown, use the fuel cost calculator.

The Break-Even Point

EVs cost more upfront. The average new EV sells for $45,000–$55,000 versus $35,000–$40,000 for a comparable gas car. That $10,000–$15,000 price gap is what you need to recover through lower operating costs.

With the $7,500 federal tax credit (for qualifying models and incomes), the real gap shrinks to $2,500–$7,500. At $1,800/year in combined fuel and maintenance savings, that means break-even in 1.5 to 4 years.

Without the tax credit, break-even takes 5–8 years for most buyers. High-mileage drivers (20,000+ miles/year) break even faster because fuel savings scale linearly with distance. Use the break-even calculator to model your specific scenario, or check the ROI calculator to see the effective return on the EV price premium.

Hidden Costs Most Calculators Miss

The sticker price and fuel math only tell part of the story. Here are the costs that change the real comparison:

Cost FactorGas CarElectric Car
Insurance (annual)$1,600–$2,200$1,800–$2,800 (10–25% higher)
Home charger installN/A$500–$2,000 (Level 2, one-time)
Battery replacementN/A$5,000–$15,000 (after 150K+ mi)
Annual maintenance$1,200–$1,500$600–$900
Resale value (5 yr)40–55% of original35–50% of original (improving)
Public charging premiumN/A$0.30–$0.60/kWh (2–4x home rate)

EV insurance runs higher because repair costs are steeper—battery and sensor damage is expensive to fix. Budget an extra $200–$600/year for comprehensive coverage. If financing the EV, run your monthly payment through the loan calculator to see how interest affects total cost.

The home charger question matters more than most people think. Level 1 charging (standard 120V outlet) adds about 4 miles of range per hour—fine for 30-mile commutes but painfully slow for heavy drivers. A Level 2 (240V) install costs $500–$2,000 depending on your electrical panel, but it charges 25–30 miles per hour. Most EV owners consider this essential. To see how the EV price premium compares to alternative investments, try the opportunity cost calculator.

Environmental Impact

Every gallon of gasoline produces 19.6 lbs of CO2. A 28 MPG gas car driven 12,000 miles/year burns 429 gallons and emits 8,400 lbs of CO2 annually. An EV on the average US grid emits about 3,700 lbs equivalent from power generation—a 56% reduction.

In states with clean grids (Washington, Oregon, Vermont), EV emissions drop to 1,000–2,000 lbs/year—a 76–88% reduction. In coal-heavy states (West Virginia, Wyoming), EVs still beat gas cars but by a narrower margin (30–40% reduction).

Over a 10-year ownership period, switching one car from gas to electric prevents 47,000 lbs of CO2 at the national average—equivalent to planting 590 trees. That number improves each year as the grid adds more renewable capacity.

To compare fuel costs on specific trips, use the fuel cost calculator. If you're financing the EV, the loan calculator shows your monthly payment at different rates and terms.