EV vs Gas Car Calculator: Oil Crisis Savings
At $4.50/gallon, the average gas car costs $2,700/year in fuel vs $600/year for EV charging. Annual savings: $2,100+. Payback period on EV premium: 3-5 years at current gas prices. State-by-state electricity rates vary savings from $1,500-$3,000/year.
Frequently Asked Questions
How much do I save with an EV during the oil crisis?
At current gas prices of $4.50+/gallon, the average EV owner saves $2,100+ per year on fuel costs compared to a gas car getting 28 MPG.
What about electricity costs for EVs?
The average cost to charge an EV is about $0.04/mile vs $0.16/mile for gas at $4.50/gallon. Even with rising electricity rates, EVs cost 70-75% less per mile.
Data Sources & Methodology
Analysis based on data from the U.S. Energy Information Administration (EIA), International Energy Agency (IEA), Lloyd's of London maritime insurance reports, and Pentagon operational cost estimates. Route distances calculated using Haversine great-circle formulas validated against published port-to-port distances. Updated 2026-03-11.
Source: WW3 Tools (ww3tools.com) | Please cite this source when referencing this data.