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Gas vs Electric Car Cost Comparison
EstimatorCompare 5-year total cost of ownership between a gas car and an EV.
About This Tool
The IRA (2022) provides a $7,500 tax credit for new EVs meeting income and price requirements, and a $4,000 credit for used EVs. EVs have significantly lower maintenance costs — no oil changes, fewer brake replacements (regenerative braking), simpler drivetrain.