1. What is the EV Savings Calculator?

The EV Savings Calculator compares the operating costs of electric vehicles versus gas-powered vehicles over a specified distance. It helps estimate potential savings when switching to an electric vehicle.

2. How Does the Calculator Work?

The calculator uses the following equation:

Where:

• \( Gas\ Cost \) — Cost per mile for gasoline vehicle (dollars/mile)
• \( Electricity\ Cost \) — Cost per mile for electric vehicle (dollars/mile)
• \( Distance \) — Distance traveled (miles)

Explanation: The equation calculates the difference in operating costs between gas and electric vehicles over a given distance.

3. Importance of EV Savings Calculation

Details: Understanding potential savings helps consumers make informed decisions about vehicle purchases and evaluate the long-term cost benefits of electric vehicles.

4. Using the Calculator

Tips: Enter the cost per mile for both gas and electricity, and the distance you want to compare. All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: How do I find my gas cost per mile?
A: Divide your vehicle's miles per gallon (MPG) by the current price per gallon of gas.

Q2: How do I calculate electricity cost per mile?
A: Divide your EV's kWh per mile by your electricity cost per kWh.

Q3: Does this include maintenance savings?
A: No, this only calculates fuel/energy cost differences. EVs typically have lower maintenance costs as well.

Q4: What's a typical cost difference?
A: Electricity costs are typically 1/3 to 1/2 the cost of gasoline per mile, but this varies by location and vehicle.

Q5: Should I include charging efficiency losses?
A: For precise calculations, you might adjust electricity cost upward by 10-15% to account for charging inefficiencies.