EV vs Gas Vehicle Costs in Colonial Heights city, VA

Should you switch to electric in Colonial Heights city? Here's the cost breakdown.

Annual Gas Cost

$1,166

Annual EV Cost

$432

Annual Savings

$734

Breakeven

10.9 yrs

5-Year Total Cost of Ownership

Gas Vehicle (ICE)

Purchase Price$35,000
Fuel (5 years)$5,830
Maintenance (5 years)$6,000

5-Year TCO$46,830

Electric Vehicle (EV)

Purchase Price$43,000
Charging (5 years)$2,160
Maintenance (5 years)$3,000
Federal Tax Credit-$7,500

5-Year TCO$40,660

In Colonial Heights city, an EV saves approximately $6,170 over 5 years compared to a gas vehicle, including the federal tax credit.

About Colonial Heights city, Virginia

Colonial Heights city in Virginia has a population of 18,158 and a median household income of $72,216. 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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Other Counties in Virginia

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.