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How Much Money Can You Save By Switching to an Electric Car?

How Much Money Can You Save By Switching to an Electric Car?

University of California at Davis’ Plug-in Hybrid & Electric Vehicle Research Center has just released a great tool for finding out how much you could save by switching from a gasoline vehicle to an electric vehicle.

Electric vehicles could prevent more than 18 million tons of carbon dioxide per year.
Photo credit: Shutterstock

Enter addresses into the “EV Explorer” and the tool will simulate the fuel costs for up to four vehicles. The vehicles can be changed to include your current daily driver and you have the option to enter the local price for gasoline and electricity. Another useful feature is the ability to test the increase in range and fuel savings when charging at your destination. This might be a good way for existing EV owners to explain the benefits of workplace charging to businesses considering offering a place for employees to plug in.

The EV Explorer website from UC Davis lets you find the savings in swapping your gasoline commute vehicle for an electric vehicle.

Enter addresses into the “EV Explorer” and the tool will simulate the fuel costs for up to four vehicles.

Of course, there are other considerations to buying an EV, like home charging availability, but this tool can be a quick way to see how much money different EVs could save you on your commute.

I ran an example using the tool for a daily commute between Dublin, CA and Oakland, CA, a round trip of 50 miles, and found electric cars like the Nissan Leaf, Toyota Plug-in Prius Chevy Volt could save you between $700 and $1,000 each year compared to a 2014 Ford Focus.

Check out the tool to estimate how much you could save on your commute by switching to electric.

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