Running Cost (₹/km & ₹/month)
Cost to Own (1 year)
Payback Period (EV vs Others)
| Vehicle | Cost to Buy (₹) | ₹/km | ₹/month | Cost to Own (1 yr) (₹) |
|---|
Electric vehicles (EVs) have evolved from a niche alternative into a mainstream mobility solution, driven by rising crude oil prices and growing environmental concerns.
As awareness increases, consumers are actively evaluating whether EVs make financial sense when compared to traditional internal combustion engine (ICE) vehicles. Beyond sustainability, total cost of ownership has become a key decision factor.
One of the most effective ways to assess this is through an EV Savings Calculator—a financial model that estimates potential cost savings over time by switching from an ICE vehicle to an EV, factoring in fuel, electricity, and usage patterns.
Table of Contents
What Is an EV Savings Calculator?
The EV Savings Calculator is a comprehensive and intuitive tool designed to estimate the cost savings of electric vehicles compared to traditional petrol, diesel, hybrid, and CNG vehicles.
The calculator evaluates the total cost of ownership, enabling a more accurate and realistic assessment of long-term savings when choosing an EV.
In addition, it provides a clear comparison of running costs across different vehicle types, helping users make informed and confident decisions based on both financial and practical considerations.
How To Use The EV Savings Calculator?
You will need to provide the following inputs for the EV Savings calculator to work. The calculator wizard will show different input fields for different types of vehicles, and at the end, it will show you the comparison report.
General Input Field:
- Cost of electricity per unit
- Cost of petrol per liter
- Cost of diesel per liter
- Cost of CNG per KG
- Monthly running in KM
EV Specific Field:
- Cost of purchase
- Battery capacity in kWh
- Real life range in KM
Petrol, diesel, and CNG Vehicle Input Fields:
- Cost of purchase
- Mileage in KMPL
- Mileage in KG (for CNG)
Based on these inputs, the calculator will give you the following outputs.
- Running cost
- Cost to own (1 year)
- Payback period
The EV Savings Calculator does not consider the following.
- Local taxes
- Insurance cost
- Maintenance cost
- Driving habit
- Depreciation
Benefits Of EV Savings Calculator
- You will get a clear understanding of the running cost of an EV based on your usage.
- It helps you evaluate whether an EV makes financial sense in the long run.
- The comparison data provides an overview of multiple vehicle options, enabling you to choose the most suitable one.
- The calculator accounts for real-life usage scenarios to ensure accurate cost estimation.
- The tool is free to use with no usage limits.
EV vs Petrol/Diesel/CNG/Hybrid – Cost per KM
| 15–18 km/litre | Fuel / Energy Type | Avg Cost per Unit | Efficiency (Approx) | Cost per KM | Running Cost Level |
|---|---|---|---|---|---|
| Electric Vehicle (EV) | Electricity | ₹7–10 / kWh | 5–7 km / kWh | ₹1 – ₹2 | 🟢🟢 Very Low |
| Petrol Vehicle | Petrol | ₹100–110 / litre | 18–22 km/litre | ₹6 – ₹8 | 🔴 High |
| Diesel Vehicle | Diesel | ₹90–100 / litre | 20–25 km/kg | ₹4 – ₹6 | 🟠 Medium |
| CNG Vehicle | CNG | ₹75–90 / kg | 22–26 km/litre | ₹3 – ₹4 | 🟢 Low |
| Strong Hybrid | Petrol + Battery | ₹100–110 / litre | 22–26 km / litre | ₹4 – ₹5 | 🟢 Low |
EV vs Petrol/Diesel/Hybrid/CNG – Cost Component Comparison
| Cost Component | Electric Vehicle (EV) | Petrol Vehicle | Diesel Vehicle | Hybrid Vehicle | CNG Vehicle |
|---|---|---|---|---|---|
| Purchase Price | 🔴 High | 🟢 Low | 🟠 Medium | 🟠 Medium–High | 🟠 Medium |
| Government Incentives | 🟢🟢 Very High | ⚪ None | ⚪ None | 🟠 Low–Medium | 🟡 Low |
| Net Purchase Cost | 🟠 Medium | 🟢 Low | 🟠 Medium | 🟠 Medium | 🟠 Medium |
| Fuel / Energy Cost (5 Years) | 🟢🟢 Very Low | 🔴 Very High | 🔴 High | 🟠 Medium | 🟢 Low |
| Average Cost per km | 🟢🟢 Very Low | 🔴 High | 🟠 Medium | 🟢 Low | 🟢 Low |
| Maintenance & Service | 🟢🟢 Very Low | 🔴 High | 🔴 High | 🟠 Medium | 🟠 Medium |
| Repair Costs | 🟢 Low | 🟠 Medium | 🔴 High | 🟠 Medium | 🟠 Medium |
| Insurance Cost | 🟠 Medium | 🟢 Low | 🟠 Medium | 🟠 Medium | 🟢 Low |
| Battery Replacement | 🟢 Not required (5 yrs) | N/A | N/A | 🟢 Low Risk | N/A |
| Total Running Cost (5 yrs) | 🟢🟢 Lowest | 🔴 Highest | 🔴 High | 🟠 Medium | 🟠 Medium |
| Resale Value | 🟠 Medium | 🟢 Low | 🟠 Medium | 🟠 Medium | 🟢 Low |
| Total Cost of Ownership (5 yrs) | 🟢🟢 Lowest | 🔴 Highest | 🔴 High | 🟠 Medium | 🟠 Medium–High |
| CO₂ Emissions | 🟢 Zero (Tailpipe) | 🔴 High | 🔴 High | 🟠 Medium | 🟢 Low |
Conclusion: Electric Vehicle Savings Calculator
An EV Savings Calculator clearly shows that electric vehicles are not just environmentally friendly but also financially smart. By comparing fuel costs, electricity expenses, and long-term savings, this tool helps users confidently transition to electric mobility.
If you’re planning to buy a new vehicle, using an EV savings calculator should be your first step toward smarter transportation decisions.
