EV Savings Calculator
Considering the switch to an electric vehicle (EV)? Our EV Savings Calculator helps you estimate potential cost savings compared to a traditional petrol/diesel car. Compare annual fuel costs and electricity costs by adjusting factors like annual mileage, fuel economy (MPG), fuel cost per litre, EV efficiency, and electricity cost per kWh. Calculate your estimated annual savings, daily savings, and cost per mile for both fuel and electricity to make an informed decision about your next vehicle.
Compare Petrol/Diesel Vs Electric
Electric vehicles (EVs) are becoming increasingly popular, but a key question remains for many potential buyers: Will an EV actually save me money? Our EV Savings Calculator is designed to help you answer that. This article will walk you through how to use the calculator, explain the underlying calculations, and discuss the broader financial implications of switching to an EV.
How to Use the EV Savings Calculator
Our calculator simplifies the process of comparing the costs of running a traditional car versus an EV. To get personalized estimates, you'll need to input some key data:
- Annual Mileage: Enter the total number of miles you drive each year.
- Fuel Economy (MPG): Specify the miles per gallon your current (or a comparable) petrol/diesel car achieves. The calculator also displays this as litres per 100km for our metric-using friends.
- Fuel Cost per Litre: Input the average cost of fuel in your area.
- EV Efficiency (miles/kWh): Provide the efficiency of the EV you're considering, measured in miles per kWh.
- Electricity Cost per kWh: Enter the cost of electricity in your area.
By adjusting these values with the sliders, the calculator instantly calculates to show you the resulting calculations!