EV vs Gas Car Cost Comparison
Compare the total cost of owning an electric vehicle vs a gasoline car over your expected ownership period. Includes purchase, fuel, and basic maintenance.
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About EV vs Gas Car Cost Comparison
Incentives
Federal tax credit (up to $7,500 in 2024 for qualifying EVs and buyers). State and utility rebates can add thousands more. Reduce the EV price before running this comparison if you’re eligible.
Charging time
Home Level 2 charging (240V): 25-40 miles of range per hour. DC fast charging on road trips: 80% in 20-40 min on modern EVs. Most daily charging happens at home overnight at very low cost.
Battery degradation
Modern EV batteries lose roughly 1-2% capacity per year under normal use. Manufacturer warranties usually cover 8 years / 100k miles to 70% capacity. Battery replacement remains expensive but is rare under warranty period.