How Much Money Can You Save By Switching to an Electric Car?

, , Senior vehicles engineer | August 1, 2014, 9:22 am EDT
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University of California at Davis’ Plug-in Hybrid & Electric Vehicle Research Center has just released a great tool for finding out how much you could save by switching from a gasoline vehicle to an electric vehicle.

Enter addresses into the “EV Explorer” and the tool will simulate the fuel costs for up to 4 vehicles. The vehicles can be changed to include your current daily driver and you have the option to enter the local price for gasoline and electricity. Another useful feature is the ability to test the increase in range and fuel savings when charging at your destination. This might be a good way for existing EV owners to explain the benefits of workplace charging to businesses considering offering a place for employees to plug in.

EV Explorer Screenshot

The EV Explorer website from UC Davis lets you find the savings in swapping your gasoline commute vehicle for an electric vehicle.

Of course, there are other considerations to buying an EV, like home charging availability, but this tool can be a quick way to see how much money different EVs could save you on your commute.

I ran an example using the tool for a daily commute between Dublin, CA and Oakland, CA, a round trip of 50 miles, and found electric cars like the Nissan Leaf, Toyota Plug-in Prius Chevy Volt could save you between $700 and $1000 each year compared to a 2014 Ford Focus.

Check out the tool to estimate how much you could save on your commute by switching to electric.

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  • James Cox

    While it is very nice to have a vehicle that is ready to go at a moments notice, and could get you to most any where your little heart might desire, having money left over for basic needs is also very nice.
    We have started to take the bus, car pool, and walk more often. This allows, while walking, the opportunity to do nature study, lose weight, and grow in appreciation of what is around you while in the ‘slow lane’. Our bus trip, and carpooling allow us to see, first hand, how our other citizens are affected by the ‘crappy’ economy, and to hear about the deeper issues affecting us at the person to person scale.
    Getting out of our little, private ‘isolation tanks’, might do us good, so we can escape conservative talk radio, our narcissistic self engagement, and road rage what ever you wish to call it.

  • Michael O’Neal

    It’s just a better driving experience saving money is a plus and time savings in maintenance.