EV MythbustersEV ResearchEventsElectricity vs. Gasoline

Electricity vs. Gasoline

While the 2025 Chevrolet Equinox EV and its gas-powered counterpart may look nearly identical on the surface—both with four doors, seating for five, and an 11-inch infotainment display—the costs to charge and fuel them could not be more different.

Take Washington state, for example:
owning the Equinox EV could save you $1,813 a year compared to the gas model.

Electricity vs Gasoline Calculator

This tool lets you compare the per-mile cost of 31 gas-powered and 22 electric vehicles, using up-to-date electricity rates and average gas prices across all 50 states. By entering your annual mileage, you can instantly see how much you'll save over time—whether it's for one month or up to 15 years.

Use the calculator below to see how the cost of driving an electric vehicle compares to a gas-powered equivalent:

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Results

On average, you would save $0.03 per mile or $277.98 per year with the .

This comparison does not result in fuel savings. See details in the table below.

Charging vs. Fueling Costs by Year

EVs make sense across the country.

Drivers of electric vehicles are saving money to power their travel, and supporting thousands of American jobs across the country.

347,000+
Announced U.S. jobs from recent investments1
283 miles
Average EV range per full charge2
228,000+
Public charging ports nationwide3

Your Results Across the U.S.

Color Key:
Average annual percent savings by driving a Ford F-150 Lightning 4WD compared to a Ford F-150 2WD

  • 60%+
  • 40-60%
  • 20-40%
  • 0-20%
  • No Savings

Source data for gasoline and electricity pricing.
This data is updated on the 2nd Wednesday of the month.

Oregon

Cost / Mile (EV) $X.XX
Total Cost / Mile (Gas) $X.XX
Total Annual Cost (EV) $XXXXX
Total Annual Cost (Gas) $XXXXX
Annual Savings $ (EV) $XXXXX
By switching to electric, you would save an average of % annually in
Mid-Size Sedan National Average Operating Costs

Mid-Size Sedan National Average Operating Costs

COST PER MILE
$0.122
Honda Civic
$0.030
Tesla Model 3
(Standard Range)
Methodology
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