Electric vehicles are cheaper to run—but how much are you actually saving compared to gas?
Instead of guessing, use the calculator below to compare your real EV charging cost vs gasoline based on your driving habits.
EV vs Gas Savings Calculator
How Much Can You Save by Driving Electric?
Choose your EV and a comparable gas vehicle to estimate yearly fuel savings.
Based on 20,000 km/year, driving electric could save about $2,180 annually compared to gas.
Estimates are for comparison only. Actual savings may vary based on electricity plan, fuel prices, public charging use, driving conditions, vehicle efficiency, and seasonal range loss.
Quick Savings Snapshot
In Canada, most drivers spend $300 to $750 per year on EV charging, compared to $2,000 to $2,600 per year on gasoline. The difference depends on how much you drive, fuel prices, and your electricity rate.
Where the Savings Come From
Electric vehicles are more efficient and use significantly less energy per kilometre. While gas vehicles rely on fluctuating fuel prices, EV charging costs remain more stable and can be optimized by charging at home and during off-peak hours.
Typical Monthly Comparison
For an average Canadian driver, EV charging often falls between $30 and $70 per month, while gasoline can range from $150 to $250 per month. Over time, this gap creates substantial long-term savings.
What Affects Your Savings
Your actual savings depend on driving distance, local fuel prices, electricity rates, and how often you rely on public fast charging. Drivers who charge primarily at home see the highest savings.
Charging Cost Matters
Your EV savings are directly tied to how much you pay to charge.
Calculate your EV charging cost →
Go Beyond Just Saving
Most drivers stop at fuel savings, but charging strategy can go further than that. With the right setup, it’s possible to improve efficiency and extract more value from how and when you charge.
Explore a smarter charging strategy →
Protect Your Savings
Lower operating costs are only part of the picture. Protecting your vehicle’s value is just as important, especially with rapidly evolving EV technology.
Protect your EV from depreciation loss →
Bottom Line
EVs consistently cost less to operate than gas vehicles. The exact savings depend on your usage, but most drivers see meaningful monthly and yearly cost reductions.
Use the calculator above to see your real savings and make an informed decision.
