EV & Electric

Electric vehicle calculators help buyers and owners understand the real economics of EV ownership. The purchase price premium over a comparable gas vehicle is typically $5,000-$15,000, but lower fuel and maintenance costs can recover that gap over 3-7 years depending on driving habits and local electricity rates.

Charging costs depend on the battery capacity (kWh), charger efficiency (85-90% for Level 2), and your utility rate. A 75 kWh battery charged from 20% to 80% requires about 45 kWh of grid energy, costing $5.40 at $0.12/kWh versus $12+ for an equivalent gas fill. Charging speed varies from 1.4 kW (Level 1 / 120V) to 19.2 kW (Level 2 / 240V) to 350 kW (DC fast charging).

The federal EV tax credit (up to $7,500 for new vehicles, $4,000 for used) has income and MSRP limits under the Inflation Reduction Act. Battery degradation averages 2-3% per year, affecting long-term range and resale value. Winter range loss can reach 20-40% due to heating demand and reduced battery chemistry efficiency.