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True Cost to Own an EV Calculator

See the true cost to own an electric car each month, not just the loan or lease payment, but insurance, home charging, and maintenance rolled into one all-in number. The breakdown shows where your money actually goes.

$/mo
$/mo
$/mo
mi/kWh
%
EPA rates your EV in kWh/100mi? Convert to mi/kWh
= 3.57 mi/kWh
$/kWh

All-in monthly cost to own

$902/mo

Loan / lease payment
$65072%
Insurance
$16018%
Home charging
$526%
Maintenance
$404%
Yearly total
$10,828
Cost per mile
90.2¢/mi

Your real monthly cost is more than the payment. Charging is usually the smallest piece; the payment is the largest. Excludes depreciation, registration, and taxes, which vary widely. Estimate only.

Frequently asked questions

More than the payment. The all-in monthly cost combines your loan or lease payment, insurance, home charging, and maintenance. The payment is almost always the largest piece and charging is usually the smallest, because an EV runs on cheap electricity. The calculator on this page totals all four from your own figures.

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WattSimple. (2026, June 26). True Cost to Own an EV Calculator. https://wattsimple.com/calculators/ev-ownership-cost

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Sources & standards

This tool's methodology and data follow US standards and authoritative public datasets: