Electric Vehicle Savings Calculator Hits the Road
A new tool has rolled out to help prospective electric vehicle owners gauge the financial benefits of making the switch. According to Josh Boone, executive director for Veloz, the industry group behind the initiative, "the number one thing on people's minds today is, how can I save money?".
For many considering an EV, the potential cost savings are a major draw. By driving an electric vehicle, drivers can reportedly save around $2,000 annually on gas costs - that's approximately $166 per month. However, these savings depend significantly on the driver's annual mileage and local fuel prices.
The Veloz team has created an interactive calculator on their website, ElectricForAll.org, to help users estimate their potential fuel savings. Simply inputting information about the desired EV model, annual driving distance, current gas vehicle's miles per gallon, local fuel costs, and zip code provides a personalized estimate of annual savings.
What's also worth noting is that electric vehicles tend to require less maintenance overall, thanks to their reduced number of moving parts. According to Boone, this means fewer oil changes, spark plug replacements, and tune-ups - all contributing factors in lower long-term vehicle upkeep costs.
While the calculator won't provide a definitive answer for every individual, it offers a useful starting point for those weighing the pros and cons of electric vehicle ownership.
A new tool has rolled out to help prospective electric vehicle owners gauge the financial benefits of making the switch. According to Josh Boone, executive director for Veloz, the industry group behind the initiative, "the number one thing on people's minds today is, how can I save money?".
For many considering an EV, the potential cost savings are a major draw. By driving an electric vehicle, drivers can reportedly save around $2,000 annually on gas costs - that's approximately $166 per month. However, these savings depend significantly on the driver's annual mileage and local fuel prices.
The Veloz team has created an interactive calculator on their website, ElectricForAll.org, to help users estimate their potential fuel savings. Simply inputting information about the desired EV model, annual driving distance, current gas vehicle's miles per gallon, local fuel costs, and zip code provides a personalized estimate of annual savings.
What's also worth noting is that electric vehicles tend to require less maintenance overall, thanks to their reduced number of moving parts. According to Boone, this means fewer oil changes, spark plug replacements, and tune-ups - all contributing factors in lower long-term vehicle upkeep costs.
While the calculator won't provide a definitive answer for every individual, it offers a useful starting point for those weighing the pros and cons of electric vehicle ownership.
! This EV savings calculator is super helpful, especially when you're thinking of switching to an electric ride 
. I mean, who doesn't want to save around $2k a year on gas costs? That's like, a whole lotta cash! 
However, it's also important to consider the maintenance aspect – electric vehicles tend to require less upkeep, which is a win-win! 
The calculator might not give you an exact answer for every individual, but it's a great starting point. I'm definitely gonna check it out and see how much I can save... time to crunch some numbers 
. Like, $2k a year in gas savings sounds like a no-brainer, but what about the initial purchase price? That's still gotta be a pretty big chunk of change 
.
. It makes it way more accessible for people who are just starting to consider switching to an EV. Plus, the fact that electric vehicles require less maintenance is a big plus 
. And what about charging costs? that's another thing to factor in 
ElectricForAll.org and it's literally so cool! I was thinking of getting an EV but wasn't sure if it'd be worth it, now I have a good idea 
. Anyone else thinking of making the switch? 
That's a pretty sweet deal! 
! i mean think about it - no more draining ur wallet on gas every month 
. Plus, maintenance costs are a major plus (no pun intended). I'm not saying every single person's mileage and local fuel prices will be exactly the same, but this calculator seems like a solid starting point for anyone considering making the switch