Using the EV Savings Calculator
Using the EV Savings Calculator
Welcome to the EV Savings Calculator! This tool allows you to estimate potential savings when switching from a gasoline-powered vehicle to an electric vehicle (EV). By inputting information about your driving habits, fuel costs, and electricity rates, you can get an idea of how much money you could save annually by driving an EV. Simply fill out the form below and hit "Calculate" to find out!
FAQ
Q: How does this EV Savings Calculator work? This calculator takes into account your current gasoline expenses, annual distance driven, EV efficiency, fuel consumption rates, and electricity costs. It then estimates your potential annual savings when driving an electric vehicle.
Q: What units can I use for distance and fuel consumption? You can input your annual distance driven in either miles or kilometers. For fuel consumption, you can select either gallons per 100 miles or liters per 100 kilometers, depending on your preference.
Q: What is EV efficiency? EV efficiency is the amount of energy (measured in kilowatt-hours) required to travel a certain distance. This calculator uses your provided efficiency to estimate your electricity expenses when driving an EV. See below for details about average consumption by make and model.
Q: How do I interpret the results? The results will show you an estimated annual savings in your chosen currency. If the result is positive, it means you could save that amount per year by switching to an EV. If the result is negative, it indicates that driving an EV might not save you money in this scenario.
Q: Are the savings estimates accurate? The calculator provides approximate estimates based on the information you provide. Actual savings may vary based on factors such as driving conditions, battery efficiency, and charging costs.