EV vs Gas Vehicle Costs in New York County, NY

Should you switch to electric in New York County? Here's the cost breakdown.

Annual Gas Cost

$1,611

Annual EV Cost

$612

Annual Savings

$999

Breakeven

8 yrs

5-Year Total Cost of Ownership

Gas Vehicle (ICE)

Purchase Price$35,000
Fuel (5 years)$8,055
Maintenance (5 years)$6,000

5-Year TCO$49,055

Electric Vehicle (EV)

Purchase Price$43,000
Charging (5 years)$3,060
Maintenance (5 years)$3,000

5-Year TCO$49,060

In New York County, a gas vehicle costs approximately $5 less over 5 years, though EVs become cheaper with higher mileage or local incentives.

About New York County, New York

New York County in New York has a population of 1,645,867 and a median household income of $99,880. Local gas prices and electricity rates significantly affect the EV vs gas calculus.

These estimates use regional energy cost data. Actual costs depend on your specific vehicles, driving patterns, electricity plan, and available incentives. Our Monte Carlo simulation models battery degradation, fuel price volatility, maintenance schedules, and resale values across thousands of scenarios.

Run Your Personalized EV vs Gas Analysis

Enter your specific vehicles, driving habits, energy costs, and incentive eligibility to get a Monte Carlo TCO comparison with probability-weighted cost projections.

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Health and care costs

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: EIA, AAA, Department of Energy AFDC. Estimates based on regional data. This is not financial advice.