EV Ownership Cost Calculator: How Much Could You Really Save in 2026?
Compare EV charging vs petrol costs with our free 2026 calculator, now that the $7,500 federal tax credit has ended.
EV Ownership Cost Calculator: How Much Could You Really Save in 2026?
Petrol hit a national average of $3.79 a gallon in the first week of July 2026, up more than 20% year-on-year according to EIA's weekly retail price data , while electricity prices climbed to nearly 18.8 cents per kWh. At the same time, the $7,500 federal EV tax credit that shaped so many buying decisions since 2022 is gone — it expired for any vehicle acquired after 30 September 2025, and isn't coming back for new buyers. Every EV-vs-petrol conversation that leaned on that credit is now out of date. So the question readers actually ask us has changed. It's no longer "does the tax credit make an EV worth it?" It's simpler and harder to fake an answer to: with no federal credit, current fuel prices, and your own driving habits, would switching to electric actually save you money — and if so, how much, and how fast? Below is a calculator that runs those numbers with today's figures, plus a breakdown of everything it does and doesn't account for. Why the Ol…
