How much money do electric car owners save at the pump?

Hello! My dad and I are shopping for a new car as my high-school graduation present. Since I’ll be a full-time college student and only working part time, I want a car that won’t cost too much in gas. How much would I save at the pump if I got an electric car?

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Answer provided by
Tara Malenfa
Answered on May 11, 2022
What an exciting time and a fabulous gift from your dad! You’ll be happy to know that by getting an electric car, you’ll save a_ ton _of money by avoiding the gas station. Here’s how much electric car owners save at the pump:
  • It costs about $1,400 a year on average to fill up an internal combustion car.
  • It costs about $540 a year on average to charge an electric car.
  • Going electric could save you $860 a year
Now that you know choosing an EV as your grad gift is one of the best ways you can save money, make sure that extra cash isn’t going toward an overpriced car insurance policy. Did you know most Americans overpay for their coverage _every _month?
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