EV vs Gas ROI Calculator
Compare annual fuel cost and time for fuel savings to recover an EV price premium.
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Currency: Amounts are calculated in the currency you select; this site does not convert between currencies and does not use live exchange rates.
What this tool does
Compare annual fuel cost and time for fuel savings to recover an EV price premium. Not total ownership cost: excludes depreciation, insurance, maintenance, tax incentives and financing.
How to use the EV vs Gas ROI Calculator
- Enter or select annual miles.
- Enter or select gas vehicle mpg (us).
- Enter or select gasoline price per gallon.
- Enter or select electricity price per kwh.
- Enter or select ev consumption (kwh/100 miles).
- Enter or select ev purchase price premium.
- Read the calculated result; change any measurement to compare alternatives.
Formula
gas annual=miles/MPG×gasPrice; EV annual=miles×kWhPer100/100×electricPrice; payback=premium/(gas−EV)
- miles
- Annual miles
- mpg
- Gas vehicle MPG (US)
- gas
- Gasoline price per gallon
- electric
- Electricity price per kWh
- consumption
- EV consumption (kWh/100 miles)
- premium
- EV purchase price premium
Not total ownership cost: excludes depreciation, insurance, maintenance, tax incentives and financing.
Worked example
For ev vs gas roi calculator, the following measurements illustrate the exact method: Annual miles: 12000; Gas vehicle MPG (US): 30; Gasoline price per gallon: 3.5; Electricity price per kWh: 0.16; EV consumption (kWh/100 miles): 30; EV purchase price premium: 10000.
Inputs
- Annual miles12000
- Gas vehicle MPG (US)30
- Gasoline price per gallon3.5
- Electricity price per kWh0.16
- EV consumption (kWh/100 miles)30
- EV purchase price premium10000
Result
- Annual fuel savings$824.00
- Annual gasoline cost$1,400.00
- Annual EV electricity cost$576.00
- Simple payback (years)12.14
Results explained
- Annual fuel savings
- Annual fuel savings from the formula above. Not total ownership cost: excludes depreciation, insurance, maintenance, tax incentives and financing.
- Annual gasoline cost
- Annual gasoline cost from the formula above. Not total ownership cost: excludes depreciation, insurance, maintenance, tax incentives and financing.
- Annual EV electricity cost
- Annual EV electricity cost from the formula above. Not total ownership cost: excludes depreciation, insurance, maintenance, tax incentives and financing.
- Simple payback (years)
- Simple payback (years) from the formula above. Not total ownership cost: excludes depreciation, insurance, maintenance, tax incentives and financing.
Frequently asked questions
gas annual=miles/MPG×gasPrice; EV annual=miles×kWhPer100/100×electricPrice; payback=premium/(gas−EV)
Use the tire sidewall markings, actual vehicle specifications or recorded fuel/price values required by the inputs. Do not mix US gallons and imperial gallons.
Not total ownership cost: excludes depreciation, insurance, maintenance, tax incentives and financing.
Yes. Change the relevant size, price or efficiency while keeping the other inputs constant. Results update immediately.
No. Check manufacturer fitment, load and speed ratings, clearance and local requirements with a qualified technician.