The Cost of EV Ownership

When choosing a vehicle, consumers consider several different factors. This table compares different electric vehicles and hybrids with a gas vehicle so you can make an informed decision when choosing which vehicle is right for you and your family. The costs represent the purchase and first year of driving each vehicle.

Vehicle Specifics2024 Nissan Leaf EV2024 Hyundai Kona EV2024 Tesla Model 3 EV2024 Toyota Prius Prime PHEV2024 Volkswagen ID.4 EV2024 Toyota Camry GAS
Starting Price$28,040$32,675$38,990$32,675$38,995$26,420
Charger Cost$699$699$620$699$699N/A
Federal Tax Credit$3,750N/A$7,500N/A$7,500N/A
State Incentive$3,500$3,500$3,500N/A$3,500N/A
Gasoline CostN/AN/AN/A$354N/A$1,469
Total Fuel*$580$525$540$640$669$1,469
Total Cost$23,714$32,095$30,896$35,816$31,109$29,742

*Source: Plug in America

Electricity calculated using $0.18/kWh

Fuel cost calculated using 12,000 miles driven per year. For plug-in hybrids, assumes 50% electric driving.