Updated June 7, 2026 · 2026 federal rules + state rates
Will an EV actually save you money?
Most calculators still subtract a $7,500 federal credit that ended in 2025. This one doesn't. Real 2026 numbers for your state, honest answer — even when the answer is "stick with gas."
⚡ Your situation
Everything's pre-filled with realistic California defaults. Tweak what you know — or just hit calculate.
Driving & ownership
Miles driven per year13,000 mi/yr
Years you'll keep the car7 years
Local energy prices
📍 Auto-set for your state — edit if you know your own rates
$
$
The electric car
$
The gas car
$
Defaults to a typical mainstream gas car. EPA combined ~28 MPG; real-world new-gas-car fleet average is ~25 MPG. Enter your actual comparison vehicle for the truest result.
Total cost of ownership over your chosen years — built to be honest about every assumption.
Counted for both cars
Purchase price · energy (electricity for the EV, gas for the ICE car) · routine service & repairs (oil changes, brakes, fluids) · tires · insurance · estimated resale value (depreciation), shown net and editable. The EV's insurance is set higher, its tires wear faster, and it loses resale value faster — all reflected.
Not counted (yet)
Financing interest · registration, taxes & destination fees. These vary too much by buyer and state to default honestly — add them yourself if they matter to your comparison.
Every number is an editable estimate. EV efficiency is the EPA rating for the model year shown. EV price is an estimated base-trim MSRP (a place to start — overwrite it with your real quote). The gas car defaults to a typical comparable model at ~28 MPG; for reference, the average new vehicle now sells for ~$49,400 and the gas-only fleet averages ~25 MPG real-world (KBB & EPA, 2026), but that average is inflated by trucks and luxury — so set both cars to the vehicles you're actually weighing for a true head-to-head.
🏛️ Official calculators & rate tools
Sanity-check your result against government and utility tools. We link only to official sources — and flag where they're out of date.
⚠️ Why this tool exists: as of June 2026, several official and utility calculators above still reference the federal $7,500 / $4,000 EV credits that ended Sept 30, 2025 — PG&E's pages, for instance, still advertise "over $9,000 in rebates and tax credits." Treat any incentive figure on those tools with caution and check it against the current 2026 rules. Run your numbers above for the audited version.