Calculate Your Fuel Cost Savings from Switching to an Electric Vehicle

November 8, 2022 in Transportation & Fuels Authors: Emmy Curtiss, M. Moaz Uddin

Electric vehicle charging

How much money can US drivers expect to save on fuel by switching to an electric vehicle? We explored this question with Heather Brown on CBS News Minnesota, and now our new calculator helps consumers do the math.

The recent increased volatility in gas prices has left many US drivers looking for alternatives. People are driving less and looking for more efficient vehicles. As consumers increasingly consider electric vehicles, they want to know how to calculate the potential costs and savings.

Gas price volatility driving interest in electric vehicles

The average price per gallon of gas skyrocketed 146 percent to $4.75 in June of this year. That’s up from just $1.93 in April 2020, when the prices plummeted in the early months of the pandemic. Continue reading »