EV Savings Calculator

Category: Ecology
- November 16, 2025
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Compare the total cost of ownership between electric vehicles and petrol-powered vehicles, including purchase price, fuel/charging costs, maintenance, and more.

Vehicle Information

Purchase Costs

£
£
£
%
years
£

Usage & Efficiency

miles/year
years
miles/kWh
MPG

Energy & Fuel Costs

£ per kWh
£ per gallon
%
£ per kWh

Maintenance & Insurance

£ per year
£ per year
£ per year
£ per year

Resale Value

%
%

Advanced Options

%
%
£

About EV Savings

While electric vehicles often have higher upfront costs than comparable petrol-powered vehicles, they typically have lower operating costs over time. This calculator helps you understand the total cost of ownership and potential savings.

Key Cost Factors
  • Purchase Price: EVs typically cost more upfront but may qualify for tax incentives and rebates.
  • Fuel vs. Electricity: Charging an EV is significantly cheaper than buying petrol.
  • Maintenance: EVs have fewer moving parts and require less maintenance than petrol vehicles.
  • Insurance: EVs often have higher insurance premiums due to higher repair costs.
  • Depreciation: Different vehicles depreciate at different rates, affecting long-term value.
Break-Even Point

The break-even point is when the total cost of owning an EV becomes lower than owning a comparable petrol vehicle. This typically happens after several years of ownership, as the lower operating costs of EVs offset their higher purchase price.

Additional Considerations
  • Environmental benefits and reduced carbon footprint
  • Convenience of home charging versus petrol station visits
  • Local incentives and perks (HOV lane access, free parking, etc.)
  • Potential battery replacement costs for older EVs
  • Evolving technology and infrastructure for EVs

Understanding the EV Savings Calculator

The EV Savings Calculator is a useful tool that helps you compare the costs of owning an electric vehicle (EV) versus a gas-powered vehicle. It takes into account various factors such as purchase price, fuel costs, maintenance expenses, and insurance. With this calculator, you can easily see the potential savings over time, making it easier to decide which type of vehicle is right for you.

Key Features of the Calculator

This calculator is equipped with several key features that make it user-friendly. You can input details about both the electric and gas vehicles, including their models and prices. The tool allows users to adjust Other variables, such as annual mileage and electricity rates, to get tailored results. Here’s what you can do:

  • Enter purchase prices for both vehicles.
  • Calculate annual costs based on your specific usage.
  • Compare maintenance and insurance costs easily.

Calculating Purchase Costs

The first step in using the calculator is to input the purchase costs for both the electric and gas vehicles. This includes the initial price you pay for the car and any tax incentives you might receive for choosing an electric vehicle. These factors can significantly affect your overall expenses, so it's crucial to enter accurate figures.

Understanding Usage and Efficiency

Another important aspect involves your vehicle usage. The calculator asks for your annual mileage and how efficiently each vehicle uses fuel or electricity. By entering your typical driving habits, the calculator can give you a clearer picture of long-term fuel costs. This data helps you gauge whether an EV is more economical for your lifestyle.

Energy Costs and Their Impact

One of the calculator's most significant advantages is its focus on energy costs. It allows you to input rates for electricity and gasoline, which can vary widely. With this information, the calculator shows how much you would spend on fuel versus charging, providing a comprehensive view of your long-term savings.

Maintenance and Insurance Considerations

Maintenance and insurance are crucial when calculating the total cost of ownership. The EV Savings Calculator lets you enter these annual costs for both types of vehicles. Generally, EVs require less maintenance, which can lead to savings over time. You can also see how insurance costs differ, helping you make an informed decision.

Evaluating Resale Value

The resale value is another factor to consider. The calculator allows you to estimate how much your vehicle will be worth after several years. Many electric vehicles depreciate differently than gas vehicles, which can influence your total savings. Accurate inputs here can provide a clearer understanding of your vehicle's future value.

Finding Your Break-Even Point

Finally, the calculator helps you determine your break-even point. This is when the total costs of owning an electric vehicle become lower than a gas-powered vehicle. Understanding this can help you evaluate how long you'll need to own the EV before it pays for itself in savings compared to petrol vehicles.