🚗Finance

EV vs ICE Cost Comparison

Compare total cost of ownership between electric and gas vehicles over time.

Shared Parameters

Annual Miles

Ownership Years

EV

Price ($)

Electricity ($/kWh)

Efficiency (mi/kWh)

Maintenance ($/yr)

Insurance ($/yr)

Incentive ($)

ICE

Price ($)

Fuel ($/gal)

MPG

Maintenance ($/yr)

Insurance ($/yr)

Results (5-Year Comparison)

EV Total

$41,729

$446/yr energy

ICE Total

$51,000

$1400/yr fuel

EV saves $9,271 over 5 years

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EV vs ICE Cost Comparison — Hafiq Iqmal — Hafiq Iqmal