1. What is EV vs Gas Savings?

The EV vs Gas Savings calculation compares the operating costs of electric vehicles versus traditional gasoline-powered vehicles. It helps determine potential financial savings when switching to an electric vehicle.

2. How Does the Calculator Work?

The calculator uses the following equation:

Where:

• Gas cost per mile — Cost of driving one mile with gasoline vehicle ($/mile)
• EV cost per mile — Cost of driving one mile with electric vehicle ($/mile)
• Miles — Total miles driven

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

3. Importance of Cost Comparison

Details: Understanding the cost difference helps consumers make informed decisions about vehicle purchases and estimate potential long-term savings with electric vehicles.

4. Using the Calculator

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

5. Frequently Asked Questions (FAQ)

Q1: How do I calculate cost per mile for gas vehicles?
A: Divide your vehicle's miles per gallon (MPG) by current gas price per gallon. Example: $3/gallon ÷ 30 MPG = $0.10/mile.

Q2: How do I calculate cost per mile for EVs?
A: Divide your electricity cost per kWh by the vehicle's kWh per mile. Example: $0.12/kWh ÷ 4 miles/kWh = $0.03/mile.

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

Q4: What's the average cost per mile for gas vs EV?
A: National averages are approximately $0.12/mile for gas and $0.04/mile for EV, but varies by location and vehicle.

Q5: Should I consider other factors when switching to EV?
A: Yes, also consider upfront costs, charging infrastructure, range needs, and environmental impact.