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Electric Vehicle Savings Calculator

Thinking of switching to an electric vehicle (EV) but not sure if it makes financial sense for you?

The Department of Energy has created an online tool that helps you calculate the total cost of ownership for various vehicles, including EVs. By inputting basic information, such as your annual mileage and local electricity rates, the calculator estimates the cost savings of owning an EV over time, including fuel and maintenance costs, as well as total lifetime emissions.

Whether you're in the market for a new car, or just want to see how your current vehicle stacks up in terms of total cost of ownership and carbon footprint, this tool can provide valuable insights to help you make an informed decision.

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