EV Charging vs. Gasoline Travel Simulator
Compare monthly home electricity charging costs of electric vehicles against equivalent combustion engine gasoline expenditures.
Calculator Controls
Monthly Mileage Driven1,000 Miles
EV Driving Efficiency (Miles / kWh)3.5 mi/kWh
Typical EVs draw between 2.5 (SUVs) and 4.0 (sedans) miles per kWh.Savings Projection
EV Monthly Charging Cost$45.71
Gasoline Monthly Fuel Cost$128.57
Monthly Net Savings$82.86
Annual Net Savings$994.29
Estimated EV carbon-offset savings are substantial!
EV vs. Gasoline Savings Calculations
Comparing home electric vehicle charging costs versus internal combustion engines requires mapping mileage driven to fuel efficiency benchmarks:
• Gasoline Volume Needed: Miles Driven ÷ Fuel Efficiency (MPG).
• Gasoline Expenditure: Volume (gallons) × gasoline price per gallon.
• Electricity Power Needed: Miles Driven ÷ EV Efficiency (mi/kWh).
• Electricity Charging Cost: Power drawn (kWh) × local electricity rate per kWh.
• Gasoline Expenditure: Volume (gallons) × gasoline price per gallon.
• Electricity Power Needed: Miles Driven ÷ EV Efficiency (mi/kWh).
• Electricity Charging Cost: Power drawn (kWh) × local electricity rate per kWh.
By executing home charging during off-peak hours (usually under Time-of-Use tariffs offering discounted overnight rates), EV drivers can lower their effective electricity charging rate even further, magnifying the monthly financial savings.