Vehicle Decisions
EV vs Gas Comparison
Compare the total cost of buying or leasing an EV versus a gas car over time.
Driving Habits
Electric Vehicle
Gas Vehicle
Financing & Lease Terms
Comparison Results
Your best option is
Lease EV
Save $18,613 compared to the most expensive option
Buy EV
BuyTotal Cost of Ownership
$36,025
$600
Monthly Avg
$0.60
Per Mile
Electricity
$2,229Maintenance
$2,500Insurance
$7,500Purchase Price
$45,000Interest
$6,263Tax Credits
-$7,500Resale Value
-$19,967Buy Gas
BuyTotal Cost of Ownership
$41,401
$690
Monthly Avg
$0.69
Per Mile
Fuel
$7,000Maintenance
$6,000Insurance
$7,000Purchase Price
$35,000Interest
$4,871Resale Value
-$18,471Best Value
Lease EV
LeaseTotal Cost of Ownership
$22,787
*Lease costs cover lease term only
$633
Monthly Avg
$0.38
Per Mile
Electricity
$1,337Maintenance
$750Insurance
$4,500Lease Payments
$16,200Note: Some EV leases include the $7,500 IRA commercial credit passed through as lower payments.
Lease Gas
LeaseTotal Cost of Ownership
$22,800
*Lease costs cover lease term only
$633
Monthly Avg
$0.38
Per Mile
Fuel
$4,200Maintenance
$1,800Insurance
$4,200Lease Payments
$12,600This calculator provides estimates only. Actual costs may vary based on driving habits, local rates, vehicle condition, and other factors. Tax credits may have eligibility requirements.