EV vs Gas Vehicle Costs in Midland County, TX

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

Annual Gas Cost

$1,457

Annual EV Cost

$576

Annual Savings

$881

Breakeven

9.1 yrs

5-Year Total Cost of Ownership

Gas Vehicle (ICE)

Purchase Price$35,000
Fuel (5 years)$7,285
Maintenance (5 years)$6,000

5-Year TCO$48,285

Electric Vehicle (EV)

Purchase Price$43,000
Charging (5 years)$2,880
Maintenance (5 years)$3,000
Federal Tax Credit-$7,500

5-Year TCO$41,380

In Midland County, an EV saves approximately $6,905 over 5 years compared to a gas vehicle, including the federal tax credit.

About Midland County, Texas

Midland County in Texas has a population of 169,393 and a median household income of $90,123. 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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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.