EV vs Petrol Cost Comparison
See the full picture — purchase price, fuel, insurance and maintenance — over 10 years. Find out exactly when an EV pays off.
Region & Prices
Prices are approximate. Adjust the fields above to match your actual rates.
Your Driving
Annual distance set to 0 miles
Annual Running Costs
Tesla Model 3 LR vs Toyota Camry LE
Electric (EV)
Petrol / ICE
You save US$1,018/year with an EV
Total Cost of Ownership over 10 Years
Including purchase price, fuel, insurance and maintenance
EV grant of US$7,500 applied to purchase price. IRA tax credit — income & vehicle price limits apply
Break-even point is at approximately 9.9 years
5-Year Ownership Cost Breakdown
| Item | Electric (EV) | Petrol / ICE | Saving |
|---|---|---|---|
| Purchase price | US$45,990 | US$28,400 | — |
| EV grant / incentive * | −US$7,500 | — | — |
| Fuel (5 years) | US$2,730 | US$8,320 | US$5,590 |
| Insurance (5 years) | US$10,500 | US$7,500 | -US$3,000 |
| Maintenance (5 years) | US$2,000 | US$4,500 | US$2,500 |
| 5-year total | US$53,720 | US$48,720 | US$5,000 * |
* IRA tax credit — income & vehicle price limits apply
Things to Consider
Charging convenience
Home charging overnight costs less than public fast charging and is convenient for most drivers. Longer journeys require planning around charging stops, though the Tesla Supercharger network covers most routes.
Environmental impact
EVs produce zero tailpipe emissions. Lifetime CO₂ depends on your electricity grid mix — in countries with high renewable energy, EVs are significantly cleaner over their lifetime.
Road tax & incentives
Many regions offer EV purchase incentives, reduced road tax, and lower congestion charges. Check your local government website for current schemes.
Battery longevity
Tesla batteries are engineered to last 300,000–500,000 miles. Real-world data shows less than 10% capacity loss after 100,000 miles with good charging habits. The battery is covered by an 8-year warranty.