Home/Cost of ownership/EV vs Gas Car: Total Cost of Ownership Comparison
Cost of ownership
EV vs Gas Car: Total Cost of Ownership Comparison
Purchase, energy, insurance, maintenance and depreciation: which one really costs less over your ownership period.
Formula
Total cost over the period = Depreciation + Interest cost + Fuel / energy + Insurance + Maintenance
Assumptions
Constant annual depreciation and insurance/maintenance costs as you entered them: an order of magnitude, not a quote. It does not replace real market values or local prices.
How to read it
The EV wins back ground on energy and maintenance, the combustion car on purchase price: the tipping point depends mostly on annual mileage and the share of home charging. Purchase incentives, local taxation and EV resale values move fast — refresh your assumptions before deciding.