1. What is an Electric Car Savings Calculator?

Definition: This calculator estimates the cost savings of using an electric vehicle compared to a traditional gasoline-powered vehicle over a given distance.

Purpose: It helps consumers and businesses evaluate the potential fuel cost savings when considering switching to electric vehicles.

2. How Does the Calculator Work?

The calculator uses the formula:

Where:

• \( Savings \) — Total savings in dollars
• \( Fuel_{cost} \) — Cost of gasoline per mile
• \( E_{elec} \) — Electric vehicle energy consumption (kWh/mile)
• \( Rate \) — Cost of electricity per kWh
• \( Distance \) — Total distance traveled (miles)

Explanation: The formula compares the cost of driving a gas car versus an electric car over the same distance.

3. Importance of Electric Vehicle Savings Calculation

Details: Understanding potential savings helps in making informed decisions about vehicle purchases and evaluating the true cost of ownership.

4. Using the Calculator

Tips: Enter the fuel cost per mile, electric consumption (default 0.3 kWh/mile), electricity rate (default $0.12/kWh), and distance. All values must be > 0.

5. Frequently Asked Questions (FAQ)

Q1: How do I calculate fuel cost per mile?
A: Divide the cost per gallon of gas by your vehicle's miles per gallon (MPG) rating.

Q2: What's a typical electric vehicle consumption rate?
A: Most EVs use 0.25-0.35 kWh per mile, but check your specific vehicle's specifications.

Q3: Should I use my home electricity rate or public charging rate?
A: For most accurate savings, use the rate you'll most commonly pay (typically home charging rate).

Q4: Does this include maintenance savings?
A: No, this only calculates fuel cost savings. EVs typically have lower maintenance costs too.

Q5: Can I use kilometers instead of miles?
A: Yes, just be consistent with all units (use km, $/km, and kWh/km throughout).