Free · No signup · Updated 2026

How much will you save
going electric?

Enter your gas car’s year, make, model, and powertrain (gasoline or hybrid). We use the real EPA MPG for that specific year and engine type — adjusted for actual vehicle age and wear.

Calculate My EV Savings
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Calculate your savings

3 steps · All fields marked * required · Under 2 minutes

Step 1 of 3

What’s your current gas car?

Select the year, make, model, and powertrain. Hybrid and gasoline versions have different MPG — we apply the correct one plus age-based depreciation.

Please complete all four fields to continue.
Step 2 of 3

Which EV are you considering?

All options are battery electric vehicles (BEV) or plug-in hybrids. EV years start from 2011, when mass-market EVs first became available in the US.

Please complete all three fields to continue.
Step 3 of 3

Personalize your estimate

Select your state to auto-fill the local electricity rate. This calculation strictly compares operating costs (fuel and maintenance) to show exactly how much you save driving.

Please select your state to get accurate electricity rate.
Annual miles driven15,000 mi
5,00050,000
Gas price per gallon$3.50
$2.00$8.00
Electricity ($/kWh)$0.16
$0.07$0.60
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Your estimated operating savings
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EV Savings Guides

Everything you need to know about switching to electric and saving money

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Savings Guide

How Much Does It Really Cost to Own an EV in 2026?

The true cost of EV ownership goes far beyond the sticker price. Here’s a complete breakdown of what you’ll actually spend — and save — over 5 years.

April 2026 · 8 min read Read Full Article ↓

When most people think about EV costs, they focus on the purchase price. But the real comparison between gas and electric vehicles happens over time, through fuel, maintenance, insurance, and depreciation.

Annual fuel cost: EV vs. gas

The average American drives about 15,000 miles per year. In a gas car averaging 28 MPG at $3.50/gallon, that’s roughly $1,875/year in fuel. In an EV like a Tesla Model 3 (4.0 mi/kWh) at the national average of $0.16/kWh, that’s just $600/year in charging. That’s $1,275 saved annually on fuel alone.

Maintenance savings

EVs have no oil changes, no spark plugs, no transmission fluid, and far less brake wear (regenerative braking does the heavy lifting). Consumer Reports data shows EV owners pay an average of $0.04 less per mile in maintenance vs. gas cars — about $600/year at 15,000 miles.

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Tax Credits

The Current Federal EV Tax Credit Guide (Updated)

The $7,500 federal EV tax credit can make or break your decision. Here’s exactly who qualifies, which cars are eligible, and how to verify it correctly.

March 2026 · 6 min read Read Full Article ↓

The federal EV tax credit offers up to $7,500 for new electric vehicles and up to $4,000 for used EVs. But qualifying isn’t automatic — both the buyer and the vehicle must meet specific, frequently changing IRS requirements.

Income requirements

  • Single filers: MAGI must be under $150,000
  • Head of household: under $225,000
  • Married filing jointly: under $300,000

How to claim it

You can take the credit at the point of sale — a registered dealer applies it as a direct discount to your purchase price, meaning you don’t have to wait for tax season.

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Gas Prices

When Gas Hits $7: Is Now the Time to Go Electric?

High gas prices make EV economics dramatically different. Here’s the real math for high-gas-price states like California and Hawaii.

April 2026 · 5 min read Read Full Article ↓

When gas is $3.50/gallon, switching to an EV saves you roughly $1,275/year on fuel (at 15,000 miles, 28 MPG). But when gas hits $6.50 like in parts of California, that savings jumps to $3,482/year. At $7.00/gallon, you’re saving $3,750/year on fuel alone.

Real-world high-cost example

A driver with a 28 MPG gas car driving 18,000 miles/year at $6.50/gallon pays $4,179/year in gas. Switching to an EV at $0.31/kWh costs only $1,674/year to charge. That’s $2,505 saved per year on fuel alone.