Free Online Electric Vehicle Cost Calculator 2025

Compare the total cost of ownership between electric and gas vehicles

Calculator
Use this free online tool to compare the total cost of ownership between electric and gas vehicles

Electric Vehicle Cost Calculator

Compare the total cost of ownership between electric and gas vehicles

Cost Comparison
Total cost of ownership over 7 years
Electric Vehicle$30,194$0.36/mile
Gas Vehicle$37,361$0.44/mile
Savings with EV:+7,167
Break-even point:6.8 years
EV
Gas
Cost Breakdown
See where your money goes
Initial Cost (after incentives)$38,500
Electricity Costs$3,600
Maintenance$2,520
Resale Value (Subtracted)-$14,426

Electric Vehicle

$45,000
300 mi
3.5 mi/kWh
$7,500

Gas Vehicle

$30,000
30 mpg

About This Calculator

Electric vehicles (EVs) often have higher upfront costs but lower operating expenses compared to traditional gas vehicles. Our Electric Vehicle Cost Calculator helps you understand the total cost of ownership (TCO) over the vehicle's lifetime:

Purchase Price

The initial cost of the vehicle after incentives and rebates.

Fuel/Energy Costs

Electricity costs for EVs versus gasoline costs for conventional vehicles.

Maintenance

Regular service and repair costs, which are typically lower for EVs.

Insurance

Annual insurance premiums, which may differ between EV and gas vehicles.

Depreciation

The rate at which the vehicle loses value over time.

Tax Benefits

Federal, state, and local incentives for EV ownership.

Charging Infrastructure

Home charging equipment installation costs for EVs.

By comparing these factors over your expected ownership period, the calculator provides a comprehensive financial analysis to help you determine whether an electric vehicle is the more economical choice for your situation.

How to Use This Calculator

Enter details about the electric vehicle you're considering, a comparable gas vehicle, your driving habits, local electricity and gas prices, and available incentives. The calculator will generate a detailed cost comparison over your specified ownership period.

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About This Calculator

Our free online electric vehicle cost calculator helps you compare the total cost of ownership between electric and gas vehicles. This tool is completely free to use and provides accurate results based on the latest 2025 data and formulas.

Why Use Our Electric Vehicle Cost Calculator in 2025?

  • Updated for 2025: Includes the latest data, rates, and formulas
  • Free to Use: No hidden fees or subscriptions required
  • Easy to Use: Simple interface designed for users of all experience levels
  • Accurate Results: Calculations based on the latest data and formulas
  • Privacy-Focused: We don't store your calculation data
  • Mobile-Friendly: Use on any device, anywhere

How to Use This Calculator

Simply enter your information in the fields provided, and the calculator will instantly generate results based on your inputs. You can adjust your inputs to see how different scenarios affect the outcome.

Frequently Asked Questions

For answers to common questions about this calculator, please refer to our FAQ section above. If you have additional questions, feel free to contact us.