5-Year Cost Comparison

EV vs Gas Total Cost Calculator

The federal credit is gone — so is an EV still worth it? Compare the real 5-year cost of ownership: purchase price, fuel or electricity, and maintenance, side by side.

✓ Last verified: July 28, 2026

⚡ Electric Vehicle

Purchase Price ($)

Efficiency (miles/kWh)

Electricity Rate ($/kWh)

Annual Maintenance ($)

State/Local Incentives ($)

⛽ Gas Vehicle

Purchase Price ($)

Fuel Economy (MPG)

Gas Price ($/gallon)

Annual Maintenance ($)

State/Local Incentives ($)

📍 Shared Assumptions

Annual Miles Driven

Years of Ownership

Why This Comparison Matters Now

Before October 2025, the federal $7,500 credit made most EVs cheaper than gas cars almost automatically. With that credit expired, the math genuinely varies by vehicle, state, and how much you drive. This calculator uses your real numbers — not marketing averages — so you can see where the breakeven point actually is for you.

This is an estimate based on the figures you enter. It doesn't account for vehicle depreciation/resale value, insurance cost differences, or financing costs — for a full financial picture, consider those separately.