Car ownership guide
EV vs gas car: which costs less to own?
There is no universal winner. Home charging access, local energy prices, annual mileage, insurance, depreciation and the purchase-price gap can change the result dramatically.
Calculate your own five-year scenario.
Fuel savings alone do not prove an EV is cheaper, and a lower gas-car purchase price does not prove it wins over long ownership.
Include in EV cost
- Home charger and installation when needed.
- Electricity mix between home and public charging.
- Insurance, tires and expected depreciation.
Include in gas-car cost
- Fuel at your real annual mileage.
- Scheduled maintenance and fluids.
- Insurance and expected depreciation.
Compare EVs directly
Tesla Model Y vs Hyundai Ioniq 5 · Tesla Model Y L Premium worth it?
Energy, insurance and resale costs are location-specific and change over time.