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Should I switch to an electric car?
Electric cars usually cost more up front and less to run. Whether that trade works out depends on your electricity rate, your gas price, and how many miles you drive — so put your own numbers in.
Your driving
SHAREDThe electric car
EVState, local and utility programmes only. The federal clean vehicle credit — up to $7,500 under section 30D — ended for vehicles acquired after 30 September 2025, and the used-vehicle credit ended with it. The charging-equipment credit ran until 1 July 2026. Manufacturer and dealer discounts belong in the price above, not here.
Per 100 miles.
Per kWh.
That rate assumes charging at home overnight. Public DC fast charging commonly runs three to four times a residential rate, and at around $0.48 a kWh this car would cost more per mile to run than the gas one. If you cannot charge where you park, put the rate you would actually pay in the field above rather than the residential one.
A one-off that stays with the property — it is not repeated if your next car is also electric, and some of it comes back in the home's value.
EVs have depreciated faster than the market: 57.2% over five years against 41.8% for all vehicles (iSeeCars, March 2026). The default extends that rate to your horizon.
The gas car
GASBoth cars are worth something at the end, and the difference is part of the answer.
Enter your annual mileage and how long you'll keep the car.
All four happen in your browser. Your figures are not sent anywhere — the email opens in your own mail app, already filled in.