Car Buying8 min read
EV vs. Gas: The True 5-Year Cost of Ownership
ME
Written by
Michael Ecke
Founder & Editor-in-Chief
Reviewed by
CarSavr Editorial Team
Reviewed for accuracy
Last updated:
8 min read
Sticker price lies. We break down fuel, insurance, maintenance, and depreciation over 5 years.
Across 5 years and 75,000 miles: a $42k EV averages $31,200 total cost of ownership vs $37,800 for an equivalent $32k gas SUV. EVs win on fuel ($4,800 savings) and maintenance ($3,200 savings) but lose on insurance (~18% higher premiums) and front-loaded depreciation in year 1. Break-even point: month 38 for most mainstream EVs.
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