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EV vs Petrol Calculator

Annual savings switching to electric vehicle

EV Annual Savings Calculator

Annual Miles
Efficiency (mi/kWh)
Rate ($/kWh)
Grid CO₂ (kg/kWh)

Annual EV Stats

kWh Used
3429
Charging Cost
$1029
CO₂ (tonnes)
1.37

An EV savings calculator shows annual fuel cost reduction from switching to an electric vehicle. The saving depends on electricity rate vs fuel price and driving efficiency.

  1. 1EV fuel cost = Miles/year × (1/efficiency kWh/mi) × Electricity rate
  2. 2ICE fuel cost = Miles/year × (1/MPG) × Fuel price per gallon
  3. 3Annual saving = ICE cost − EV cost
  4. 4Factor in any home charger installation cost (typically £500–1,200)
12,000 mi/yr; EV at 3.5 mi/kWh, $0.15/kWh; Petrol 32 MPG, $3.60/gal=EV fuel: $514/yr; Petrol: $1,350/yr; Annual saving: $836
Elec rate ($/kWh)EV fuel/yr (12k mi, 4mi/kWh)Saving vs $3.50/gal petrol (30MPG)
$0.10$300$1,100
$0.15$450$950
$0.20$600$800
$0.30$900$500
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