Tesla Model 3 LR vs Toyota Camry
Model 3 $42k − $7.5k = $34.5k. 5-yr fuel $2,800. Camry $30k, 5-yr fuel $9,000. Total: Model 3 ~$48k, Camry ~$52k.
EV TCO calculator
EV vs gas — true 5-year cost of ownership
Sum purchase price (minus federal tax credit), fuel/electricity, insurance, maintenance and registration over 5 years. Default electricity 4.0 mi/kWh, gas 28 mpg.
EV Cost of Ownership
EV 5-year cost of ownership
5-year total cost$31,823.53
Cost per mile$0.53/mi
Depreciation$17,250.00
Charging$2,823.53
Insurance$8,000.00
Maintenance$2,500.00
Registration$1,250.00
Results are first-pass estimates. Verify with installers, manufacturers, and utility tariffs before purchase.
How it works
How it works
- 5-yr fuel: EV = miles ÷ efficiency × electric rate. Gas = miles ÷ mpg × gas price.
- Up-front: MSRP − $7,500 federal credit (if eligible) − state rebates. Plus home charger install ~$1,200.
- Maintenance: EV ≈ $0.06/mi (tires, brake fluid, cabin filter). Gas ≈ $0.10/mi (oil, brakes, exhaust).
Worked examples
Worked examples
Chevy Bolt EUV vs Honda Civic
Bolt $27k − $7.5k = $19.5k. 5-yr fuel $2,100. Civic $24k, fuel $7,200. Bolt ~$33k, Civic ~$45k — EV wins by $12k.
F-150 Lightning vs F-150 EcoBoost
Lightning $52k − $7.5k = $44.5k. 5-yr fuel $5,500 (towing-adjusted). Gas $48k, fuel $13,500. EV wins by ~$11k.
EV TCO FAQ
EV TCO FAQ
Who qualifies for the $7,500 credit?
Per IRA: AGI under $300k (joint) / $150k (single), vehicle MSRP under $80k truck/$55k car, final assembly in North America, battery sourcing rules apply.
Does the calculator include insurance differences?
Yes — set each premium separately. EVs typically run 10–20% higher due to battery replacement cost.
What about resale value?
Not modeled — Tesla and Toyota hold value well; Bolt, Leaf, and Mach-E have weaker resale. Subtract estimated residuals from both totals.
How does TOU charging affect cost?
Off-peak EV rates (often $0.10/kWh) cut fuel cost 30–50% vs the $0.16 default. Adjust the electric rate field.
EV Calculators
Electric Vehicle Calculators
EV charging time calculator
Enter your battery capacity, starting and target state of charge, and charger output to estimate charging time, the kWh pulled from the wall, and your cost per session — all from open, transparent formulas.
Open calculatorEV road trip calculator
Estimate stops, charging time, and drive time from route distance, EV range, battery capacity, departure SOC, reserve SOC, target stop SOC and DC charger power.
Open calculatorEV lease vs buy calculator
Compare a financed EV purchase against a lease over a 5-year horizon. Inputs: vehicle price, buy down payment, loan APR and term, 5-year residual value, lease payment, drive-off, and annual operating cost.
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