1. What is EV Savings Calculation?

The EV Savings calculation compares the operating costs of electric vehicles versus gas-powered vehicles over a specific distance. It helps consumers understand the potential cost savings when switching to an electric vehicle.

2. How Does the Calculator Work?

The calculator uses the EV Savings equation:

Where:

• Gas cost per mile — Cost of driving one mile with a gas vehicle ($)
• EV cost per mile — Cost of driving one mile with an electric vehicle ($)
• Distance — Total miles driven

Explanation: The equation calculates the difference in operating costs between gas and electric vehicles over a specified distance.

3. Importance of EV Savings Calculation

Details: Understanding potential savings helps consumers make informed decisions about vehicle purchases and evaluate the long-term cost benefits of electric vehicles.

4. Using the Calculator

Tips: Enter the cost per mile for both gas and electric vehicles, along with the distance you plan to drive. All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: How do I determine gas cost per mile?
A: Divide your vehicle's miles per gallon (MPG) by the current price per gallon of gas. For example, if gas is $3/gallon and your car gets 30 MPG: $3 ÷ 30 = $0.10 per mile.

Q2: How do I determine EV cost per mile?
A: Divide your EV's kWh per mile by your electricity cost per kWh. For example, if your EV uses 0.3 kWh/mile and electricity costs $0.12/kWh: 0.3 × $0.12 = $0.036 per mile.

Q3: Does this include maintenance savings?
A: No, this only calculates fuel/electricity cost differences. EVs typically have lower maintenance costs which would increase total savings.

Q4: What's a typical savings amount?
A: Savings vary but often range from $0.05-$0.10 per mile, meaning $500-$1000 savings per 10,000 miles driven.

Q5: Does this account for charging at public stations?
A: No, this assumes home charging rates. Public charging may be more expensive and reduce savings.