Gasoline vs Electric Fuel Cost Calculator


Gasoline vs Electric Fuel Cost Calculator

Enter your monthly distance and efficiency to compare monthly and yearly fuel costs for a gasoline (or diesel) car versus an EV. Add the price gap between two cars to see how many years of fuel savings it takes to recover it. Use the unit selector to switch between US (miles · gallons) and Canada (kilometres · litres).

miles
mpg
$/gallon
miles/kWh
$/kWh
$

Enter how much more the EV costs than the gasoline car. Leave it at 0 to skip the payback period.

Monthly fuel cost (gasoline car)–
Monthly charging cost (EV)–
Monthly savings (EV basis)–
Yearly savings–
Price gap payback period–
Enter values and press Compare.

Frequently asked questions

How are fuel costs calculated?

US mode: monthly fuel cost = monthly distance ÷ fuel economy (mpg) × fuel price; monthly charging cost = monthly distance ÷ EV efficiency (miles per kWh) × charging rate. Canada mode: monthly fuel cost = monthly distance × fuel consumption (L/100km) ÷ 100 × fuel price; monthly charging cost = monthly distance × EV consumption (kWh/100km) ÷ 100 × charging rate. Yearly savings = monthly savings × 12. The payback period = price gap ÷ yearly savings; if yearly savings are zero or less, the gap is never recovered on fuel alone.

Where do the default values come from?

US defaults are examples: gasoline $3.50/gallon, diesel $3.80/gallon, home charging $0.17/kWh. Canada defaults: gasoline $1.854/L, the national average on October 14, 2026 (Natural Resources Canada), and home charging $0.166/kWh, the national residential average in March 2026. Canadian prices vary a lot by province: that same day, gasoline averaged 155.4 cents/L in Alberta and 216.5 cents/L in Newfoundland and Labrador. Fuel and charging prices change by place and time, so replace them with your local prices before relying on a result.

Is home charging cheaper?

Often, yes. Home or apartment slow charging is usually cheaper than public fast charging, but rates vary with your tariff, membership, or provider discounts. Charging only on ultra-fast public chargers costs more than the defaults above. Enter your own rate for an accurate result.

Can real efficiency differ?

Yes. Official fuel economy and efficiency vary with driving habits, seasons, heating and air conditioning, and city versus highway driving. EV efficiency drops notably in winter. This calculator compares fuel only and excludes insurance, taxes, maintenance, and battery replacement.

US default values (gasoline $3.50/gallon, diesel $3.80/gallon, charging examples) are examples — replace them with your local prices. Canada defaults: gasoline $1.854/L (national average, October 14, 2026) and home charging $0.166/kWh (national residential average, March 2026). Prices change, so check the reference date and adjust inputs. This calculator gives fuel-cost estimates only; insurance, taxes, and maintenance are excluded.

Comments

Post a Comment

Popular posts from this blog

Bonds for Beginners: Lending, Interest, and Risk Explained

Image
A bond is a loan, not a share of ownership. When you buy a bond, you lend money to the issuer — a government, a company, or another borrower — and the issuer promises to pay you interest for a set period and return the principal when the bond matures. That promise, and how much it is worth if you need to sell early, is the whole subject of this guide. A bond is a loan with written terms Buying a stock makes you a part-owner. Buying a bond makes you a lender. The issuer gets money now and owes you scheduled payments later. You do not get a vote in how the issuer is run, and you do not share directly in its profits beyond the interest it promised. In return, your claim usually ranks ahead of shareholders if the issuer runs into trouble — ahead does not mean guaranteed, as the risks below show. Four terms define a plain bond. Face value, also called par value, is the principal the issuer promises to repay at maturity. The coupon rate is the annual interest rate stated as a percentage of f...
Read more »

How Index Funds Work — and Why They Diversify Risk

Image
An index fund is a fund that tries to match a published market index, not beat it. It buys the securities in that index, in roughly the proportions the index sets, and it changes its holdings mainly when the index changes. That single design choice explains most of what follows: broad exposure, low trading, and returns that track the market it follows, minus fees. What an index is, in plain terms An index is a list with rules. It names a group of securities — for example, 500 large U.S. companies — and a method for weighting them, often by market value. You cannot buy an index directly. An index fund is the vehicle that turns that list into something you can own: it holds the securities on the list so your money moves with the group, rather than with one company’s fortunes. How the fund copies the index Some funds buy every security in the index. That approach is called full replication, and it works best when the index is not too large or hard to trade. Other funds use sampling: they ...
Read more »

New York Stock Market: Alphabet's Disappointing Results, Yet Market Rebounds with Dow Up 0.71%

Image
US stock market shows resilience despite Alphabet's weak earnings report and concerns over a trade war with China. The New York Stock Exchange (NYSE) saw mixed results, with the Dow Jones Industrial Average rising by 317.24 points (0.71%) to close at 44,873.28. The Standard & Poor's 500 Index also gained 23.60 points (0.39%), ending the day at 4,061.48. Meanwhile, the Nasdaq Composite climbed 38.31 points (0.19%), finishing at 19,692.33. While the market initially dropped due to disappointing earnings from Google’s parent company, Alphabet, it rebounded as trade war concerns eased and market participants responded to optimistic expectations surrounding US-China negotiations. Alphabet's earnings report, released after the market closed on February 4, showed weaker-than-expected results, particularly in its cloud business. This caused a sharp drop in Alphabet's stock, with A-shares falling by 7.30% and C-shares dropping by 6.94%. The market had high hopes for Alphab...
Read more »