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Gas or Electric:
Which actually saves
you money?

Compare real vehicles with your state's energy costs. Not all EVs are cheaper — it depends on the car, your location, and how you drive.

Calculate Your Savings →
50 states·80+ vehicles·Real energy data
Example: California · 12,000 mi/yr
⚡
Tesla Model 3
$780
per year
VS
⛽
Toyota Camry
$2,040
per year
⚡ EV saves $1,260 / year in this example
*CA electricity (33¢/kWh) · gas ($6.10/gal). Use the calculator for your numbers.

Why electric isn't always cheaper

  • Electricity rates in your area
  • Gas prices
  • Vehicle efficiency (MPG vs mi/kWh)
  • Charging losses and driving habits

It's not just gas vs electric — it's how efficient the vehicle is and what energy costs where you live.

Real-world examples

A Honda Civic (35 MPG) can be cheaper to drive than an electric truck like an F-150 Lightning depending on electricity rates.

In states with high electricity costs, efficient gas or hybrid vehicles can still win.

Is an EV right for you?

  • You drive a lot each year
  • You can charge at home
  • Your electricity rate is reasonable
  • You value lower maintenance over time

Inputs











All-in electric rate: 30.0¢ / kWh


Estimated yearly savings
$679
Tesla Model 3 is cheaper to drive than Toyota Camry

Electric

$990
8.2¢ / mile
3300 kWh / year

Gas

$1,669
13.9¢ / mile
375 gallons / year
Electric formula: miles ÷ EV mi/kWh × charging loss × all-in electric rate.

Gas formula: miles ÷ MPG × gas price.

The "Use my electric bill" option captures supply, delivery, transmission, public benefits, fees, and other real bill charges.