EV Calculator (v1.1)

(Created MARCH 2021, slightly revised FEB 2023)

This calculator is intended to help you gauge the cost-effectiveness of going to Electric for your daily commute. Every use case is different, since each user has their own personal needs, but this should help you gauge just how cost effective it is to keep driving your paid-off (or about to pay off) gasoline vehicle for the next few years, versus the cost of a new car payment for an EV.

Enter the revelant statistics below and either click the CALCULATE button or just change a data entry field and click ENTER on your keyboard.

PRESET VALUES (Click to Load)

Your Current ICE Vehicle (Paid Off)
: Gas Price ($/gallon)
: MPG (City)
: MPG (Highway)

Electric Vehicle
: Electricity Price ($/kwh)
: MPGe (City)
: MPGe (Highway)
: EPA Range (Miles)

: Vehicle Cost ($)
: Dealer Fees ($)
: Local Taxes (%)
: Length of Payment Plan (Months)

Common Car Note Payment Periods
4 years = 48 months
5 years = 60 months
6 years = 72 months
7 years = 84 months

: Interest Rate of Payment Plan (%)

Commuting/Travel Distance
: Total Commute/Travel Distance (miles)

(If the distance you commute to work is 15 miles, you would enter 30 miles [15 x 2 = 30] , because you have to return home after work).

RESULTS: