Enter your Vehicle Efficiency (miles per kWh), Electricity Rate, and Charging Efficiency to calculate your EV Cost per Mile — plus Daily and Annual Driving Costs. Plug in your Daily Driving Miles, Gas Car MPG, and Gas Price per Gallon to see your Gas Cost per Mile and exactly how much you'd save going electric each year.
EV Cost per Mile
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Daily Driving Cost
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Annual Driving Cost
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Gas Cost per Mile
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Annual Savings vs Gas
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On average, EVs cost about half as much per mile to operate compared to gas vehicles. The exact savings depend on local electricity rates, gas prices, and vehicle efficiency.
Key factors include your local electricity rate, vehicle efficiency (miles per kWh), charging method (home vs public), and charging losses. Home charging is typically much cheaper than DC fast charging.
Check your utility bill for the rate per kWh. Rates vary by region and can range from $0.10-$0.30+ per kWh. Some utilities offer special EV rates or time-of-use pricing that can reduce costs.
Vehicle efficiency for EVs is measured in miles per kWh (mi/kWh). Most modern EVs achieve 3-4 miles per kWh, with some efficient models reaching 5+ mi/kWh.
Yes, home charging is typically 2-3 times cheaper than public DC fast charging. Level 2 home charging costs are based on your residential electricity rate, while public charging often includes service fees.
Calculations provide good estimates, but actual costs may vary based on driving conditions, weather, battery age, and charging habits. Cold weather can reduce efficiency by 10-30%.
Beyond fuel savings, EVs have lower maintenance costs due to fewer moving parts. No oil changes, spark plugs, or transmission repairs are needed, adding to overall savings.