Electric Vehicle Fuel Savings Calculator

The “Electric Vehicle Fuel Savings Calculator” is a powerful tool designed to help users estimate the potential savings in fuel costs when driving an electric vehicle compared to a gas-powered vehicle. By inputting the gas mileage of a gas-powered vehicle, the energy efficiency of an electric vehicle, and the relevant pricing information, users can quickly calculate the cost of charging an electric vehicle and the cost of gasoline. The tool then determines the potential savings by subtracting the electric costs from the gasoline costs.

Electric Vehicle Fuel Savings Calculator Tool

Electric Vehicle Fuel Savings Calculator Tool

Savings

How to Estimate the Savings of an Electric Vehicle

Estimating the savings of an electric vehicle can be done in three simple steps:

  1. Estimate the Cost of Charging an Electric Vehicle: Determine the cost of charging an electric vehicle by using the formula: electric cost = (distance driven / 100) × (kWh/100mi) × (price/kWh). Input the distance driven, the energy efficiency of the electric vehicle (in kWh/100mi), and the price of electricity per kWh. This calculation provides an estimate of the cost to charge the electric vehicle.
  2. Estimate the Cost of Gasoline: Calculate the cost of gasoline by using the formula: fuel cost = (distance driven / fuel economy) × (price/gallon). Input the distance driven, the gas mileage of the gas-powered vehicle, and the price of gasoline per gallon. This calculation provides an estimate of the cost of fuel for the gas-powered vehicle.
  3. Calculate the Savings: Calculate the savings by subtracting the electric costs from the gasoline costs: savings = gasoline costs – electric costs. This calculation reveals the potential savings in fuel costs by driving an electric vehicle instead of a gas-powered vehicle.