Electric vs. Gas Car Loan Savings Calculator

Electric vs. Gas Car Loan & Savings Calculator

Common Ownership Details

Expected Ownership Duration (Years):

Annual Miles Driven:

Sales Tax Rate (%):

Electric Vehicle (EV) Details

Purchase & Loan (EV)

EV Purchase Price:

Upfront EV Tax Credits/Rebates: Enter actual expected credit. Check official sources for current eligibility (USA max ~$7,500, subject to income, MSRP, sourcing rules).

EV Down Payment:

EV Loan Term (Months):

EV Loan Annual Interest Rate (%):

Running Costs & Resale (EV)

Electricity Cost ($ per kWh): USA avg. ~$0.17/kWh (varies widely).

EV Efficiency (Miles per kWh): Common range: 3-5 mi/kWh.

EV Annual Maintenance Cost:

EV Annual Insurance Cost:

EV Estimated Resale Value (at end of ownership):

Gasoline Vehicle Details

Purchase & Loan (Gas Car)

Gas Car Purchase Price:

Gas Car Down Payment:

Gas Car Loan Term (Months):

Gas Car Loan Annual Interest Rate (%):

Running Costs & Resale (Gas Car)

Gasoline Price ($ per Gallon): USA avg. ~$3.20/gallon (varies).

Gas Car Fuel Efficiency (MPG): USA new car avg. ~27 MPG.

Gas Car Annual Maintenance Cost:

Gas Car Annual Insurance Cost:

Gas Car Estimated Resale Value (at end of ownership):

Savings Comparison Summary

Comparison over X years.