Palms EV Chargers

Calculator

Compare Gasoline to Electric Vehicle Cost of Ownership

Select your state. The table will automatically calculate the 10 Yr cost ownership for some of America’s best selling vehicles. Many don’t realize driving electric has massive maintenance and “fuel” cost savings. Installing solar will lower this cost further. Many states offer EV rebates, which are automatically calculated here. You may qualify for additional rebates if you are considered low income. Some state rebates have a cap on the total cost of the EV.
  • Gasoline cost was calculated by state average according to AAA on January 26th, 2023 (Source)
  • Maintenance per mile is calculated by US department of Energy reports from 2021. (Source)
  • State average electricity costs per kWh are calculated using the US Government’s Energy Information Administration 2020 reports. (Source)
  • State tax rebates were cited by the National Conference of State Legislature’s 2022 report. (Source)
*The calculator assumes annual mileage driven of 14,263. The US Federal government now offers a tax credit of up to $4,000 on used electrical vehicles. There are cost and income limits. Recurrent auto has put together a handy calculator to see if you qualify. Access it here. https://www.recurrentauto.com/research/used-ev-tax-credits
StateVehicleMSRPFuel TypeMilesAnnual Fuel Consumption10 Yr Fuel Cost10 Yr Maint CostPotential Rebates10 Yr Total