Gas vs Electric Vehicles | Ownership Cost Comparison Guide

Overview

Choosing between a gas or electric vehicle involves more than upfront cost. This guide compares ownership costs so you can understand which option is cheaper over time.

Step 1: Fuel vs Electricity Costs

• Gas vehicles require regular fuel purchases; prices fluctuate.
• Electric vehicles need charging, often cheaper per km and can be done at home.

Step 2: Maintenance Costs

• Gas cars: More moving parts → higher maintenance (oil changes, exhaust repairs, etc.)
• EVs: Fewer moving parts → lower maintenance costs

Step 3: Incentives & Tax Benefits

• EVs may have government rebates, tax credits, or reduced registration fees.
• Check local incentives when comparing total cost.

Step 4: Total Ownership Cost

Factor in purchase price, fuel or charging cost, maintenance, insurance, and available incentives. Use calculators to estimate ownership cost over 3–5 years.

FAQs

Q1: Are electric vehicles always cheaper to own?

Not always. Higher upfront costs may offset savings if incentives are limited or electricity prices are high.

Q2: How do I calculate total cost of ownership?

Include purchase price, fuel or charging cost, maintenance, insurance, and incentives. Use a calculator for accuracy.

Q3: Do gas cars have hidden costs?

Yes — regular maintenance, oil changes, and potential repairs increase long-term cost.

Q4: What factors affect EV savings?

Electricity prices, driving distance, battery replacement, and local incentives all influence long-term savings.

Tools and Resources

Compare Gas vs Electric Owning Costs

See total running costs over years.
👉 Gas vs Electric Comparison Tool

Compare Car Loan Lenders

See real rates, terms and fees side-by-side.
👉 Car Loan Lender Comparison Tool