Lower upfront cost
Often cheaper to buy, but fuel, repairs, taxes, and depreciation can add up over time.
Total cost of ownership calculator
Compare electric, hybrid, and gas car ownership costs over time, including fuel, charging, maintenance, insurance, taxes, depreciation, resale value, and incentives.
Educational car cost comparison tool, not a vehicle quote or precise finance calculator. Illustrative defaults only.
Often cheaper to buy, but fuel, repairs, taxes, and depreciation can add up over time.
Improves fuel economy without requiring home charging or public charging access.
Can become cheaper when mileage is high, home charging is available, and resale value holds.
Main result
EV becomes cheaper than a gas car.
Selected period average for the cheapest type.
Largest selected-year cost component.
Charging mix and mileage shape the EV result.
Year 10 snapshot
Compare the main cost blocks at the selected ownership period.
Why this result?
Model notes