Electric Car Savings Calculator

Calculate how much you can save by switching to an electric vehicle. Compare gas car and EV fuel costs side-by-side with home vs public charging rates. See 1, 5, and 10-year savings projections plus CO2 emission reductions.

Annual Miles

US avg: ~12,000 mi/yr

Gas Vehicle

Gas Price ($/gal)

MPG

Electric Vehicle

Efficiency (mi/kWh)

Home Rate ($/kWh)

Public ($/kWh)

EV Presets

Savings

Gas Car

$1,500

$125.00/mo

EV Home

$446

$37.14/mo

EV Public

$1,200

$100.00/mo

1 Year

$1,054

5 Years

$5,271

10 Years

$10,543

Gas CO2

3.81

tons/yr

EV CO2

1.44

tons/yr

Reduction

62%

2.37 t/yr

How to Use Electric Car Savings Calculator

1Enter annual miles driven
2Set gas price and MPG for your current car
3Enter EV efficiency and electricity rates
4Compare annual costs, savings, and CO2 reduction

Frequently Asked Questions

How much can I save with an electric car?▾

The average driver saves $800-1,500/year on fuel costs alone by switching to an EV. Home charging at $0.13/kWh costs about 70% less than gas at $3.50/gallon for a comparable vehicle.

How much does it cost to charge an EV at home?▾

At the US average electricity rate of $0.13/kWh, a full charge for a 60kWh battery costs about $7.80. For 12,000 miles/year at 3.5 mi/kWh, annual home charging costs roughly $445.

Are EVs better for the environment?▾

Yes. EVs produce about 60-70% less CO2 than gas cars, even accounting for electricity grid emissions. With solar-powered home charging, EV emissions approach zero.

About Electric Car Savings Calculator

NexTool's Electric Car Savings Calculator is completely free to use with no sign-up required. Your data is processed directly in your browser and never sent to our servers, ensuring complete privacy and instant results.