EV vs Gas Vehicle Costs in Floyd County, TX

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

Annual Gas Cost

$797

Annual EV Cost

$288

Annual Savings

$509

Breakeven

15.7 yrs

5-Year Total Cost of Ownership

Gas Vehicle (ICE)

Purchase Price$35,000
Fuel (5 years)$3,985
Maintenance (5 years)$6,000

5-Year TCO$44,985

Electric Vehicle (EV)

Purchase Price$43,000
Charging (5 years)$1,440
Maintenance (5 years)$3,000
Federal Tax Credit-$7,500

5-Year TCO$39,940

In Floyd County, an EV saves approximately $5,045 over 5 years compared to a gas vehicle, including the federal tax credit.

About Floyd County, Texas

Floyd County in Texas has a population of 5,386 and a median household income of $49,321. 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.

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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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Other Counties in Texas

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.