Gas vs Electric Car Costs | Which Is Cheaper to Own?
By Tax&Facts | Published on | Read: 3 Mins
Overview
Fuel type affects long-term ownership costs. This guide breaks down gas vs electric cars, including purchase price, fuel/charging, maintenance, and lifetime cost.
Electric Car Costs
- Pros: Lower charging cost, minimal maintenance, possible incentives
- Cons: Higher upfront cost, charging time, range considerations
Gas Car Costs
- Pros: Lower purchase price, quick refueling, widely available
- Cons: Higher fuel and maintenance costs
Cost Comparison
EVs often save money over 5–10 years due to fuel and maintenance. Gas cars are cheaper upfront. Use a calculator for personal estimates.
FAQs
Q1: Are electric vehicles cheaper to maintain?
Yes, fewer moving parts and no oil changes.
Q2: Do EV batteries degrade quickly?
Most last 8–15 years with proper care.
Q3: Is charging cheaper than fuel?
Yes, EV charging cost per mile is lower than petrol/diesel.
Q4: Are gas cars still better for long-distance driving?
Sometimes fueling is faster and infrastructure is widespread.
Tools and Resources
Compare Gas vs Electric Owning Costs
See total running costs over years.
👉 Gas vs Electric Comparison Tool
Calculate Car Loan Payments
Compare financing options for gas vs EV.
👉 Car Loan Calculator
Check Borrowing Capacity
Know how much you can safely borrow.
👉 Borrowing Capacity Tool
