Residential: 778-594-3166 | Commercial: 250-317-5438Kelowna, BC

Electric vs. Gasoline Vehicle Operating Costs

Have you wondered how much an electric vehicle costs to run per year compared to a comparable gasoline model?   ⚡️

Electric vs. Gasoline Vehicle Operating Costs

There has been a lot of attention in the media recently, suggesting the ‘honeymoon’ with Electric Vehicles could be coming to an end as the cost of public charging rises, so we’re here to debunk a few myths by showing proof with the numbers.

Firstly, for anyone that drives an EV, we know the stat: 86% of EV Charging happens at home.
With a further 8% taking place at a workplace. So that’s 92% of EV Charging.

The rest is made up at the large public DC Fast chargers you see at the side of the highway and are popping up more and more to create a better charging infrastructure. They are designed for people who are travelling (away from home) or a convenient top up if you want to a quick fill (20 mins compared to a few hours at home). These chargers were never intended to be the sole means of charging your EV, day in day out.

For 2 reasons; number 1: that’s gonna get hella expensive real quick! (Still far cheaper than, over two thirds on average)

Reason number 2: constantly using a high powered level 3 DC Fast Charger for every single charge would not be good for the long term health of your battery.

So with all that considered, let’s look at the facts:

With some handy like-for-like comparisons on running costs (we have even left our regular scheduled maintenance required for internal combustion engine vehicles such as oil changes/fluids, etc), let’s see how these EVs stack up to their gas powered counterparts!

Note: Electricity and gasoline costs are based on Ontario prices and assumes the majority of charging is done at home. Since Limitless EV is based in Kelowna, BC, it’s worth noting that electricity costs in British Columbia are lower while gasoline prices are higher compared to Ontario. This means that estimated savings in BC would actually be higher than outlined in this article.

Audi E-Tron vs Audi Q8:

Estimated Annual Charging Cost: C$668
Estimated Annual Gasoline Cost: C$3,048

The Audi E-Tron electric crossover has an energy consumption rating of 28.3 kWh/100 km, according to Natural Resources Canada. At the current off-peak electricity rate, it would cost C$3.33 to go 100 kilometres, or about C$11 to utilize up the E-stated Tron’s 329-kilometre range.

At off-peak rates, a year of driving the E-Tron would cost C$668, whereas a year of driving Audi’s equivalent Q8 gas-powered SUV would cost C$3,048 based on its 12.7 L/100 km combined fuel usage estimate.

BMW i3 vs BMW 230i Coupe:

Estimated Annual Charging Cost: C$436
Estimated Annual Gasoline Cost: C$2,040

The combined electricity usage estimate for BMW’s i3 is 18.5 kWh/100 km, which works out to C$2.18 for that distance or C$5.36 for the 246 km the small hatchback can go on a full charge, according to BMW.

The BMW i3 would cost C$436 to drive 20,000 kilometres. Because BMW doesn’t sell a gas vehicle that directly competes with the i3, we based our pricing comparison on the 230i coupe. Its annual premium gasoline cost is anticipated to be C$2,040.

Chevrolet Bolt vs Chevrolet Malibu:

Estimated Annual Charging Cost: C$419
Estimated Annual Gasoline Cost: C$1,500

Despite catering to a broad audience, the Chevrolet Bolt casts a similar shadow as the BMW i3 and has comparable pricing. The Bolt is also a little more efficient, with an estimated 17.8 kWh/100 km and a price of C$2.09, or C$8.74 for the car’s entire 417-km range.

A year of driving in a Chevrolet Bolt would cost C$419. Because there is no gas-powered Bolt in Chevy showrooms, we’re using the Malibu mid-size sedan, which has a similar level of refinement. The Malibu would cost C$1,500 for a year of driving with its base 1.6L turbo four-cylinder engine.

Jaguar I-Pace vs Jaguar F-Pace S:

Estimated Annual Charging Cost: C$647
Estimated Annual Gasoline Cost: C$2,832

Jaguar only has one electric vehicle, the I-Pace, a fast crossover. With a consumption rate of 27.5 kWh/100 km, getting that far costs C$3.23, while the I-whole Pace’s range of 377 kilometres costs C$12.21.

A year of driving an I-Pace would cost C$647. A Jaguar F-Pace S with a gas V6 engine that produces the same amount of power as the I-Pace would cost C$2,832.

Mini Cooper SE vs Mini Cooper S:

Estimated Annual Charging Cost: C$458
Estimated Annual Gasoline Cost: C$1,896

The Cooper SE, a battery-powered version of Mini’s well-known subcompact hatchback, is the company’s sole fully electric vehicle. Its 19.4 kWh/100 km estimate translates to a cost of C$2.28 for 100 kilometres and C$4.05 for the car’s whole 177-kilometre battery range. A year’s worth of Cooper SE driving would cost C$458.

The gas-powered Mini Cooper S, with a turbo 2.0L engine that gives performance comparable to the electric Cooper SE, would cost C$1,896 to drive for a year, assuming premium fuel.

Nissan Leaf vs Nissan Sentra:

Estimated Annual Charging Cost: C$445
Estimated Annual Gasoline Cost: C$1,420

Nissan’s Leaf electric hatchback comes with two battery sizes. The base model has an 18.9 kWh/100 km rating and would cost C$2.23 to drive 100 kilometres or C$5.34 to drive the entire 240-kilometre range. You may expect to pay C$445 on power if you drive this version of the Leaf for a year.

The Sentra compact sedan is Nissan’s closest gas-powered competitor. Over the course of a year, it would cost C$1,420 with the optional automatic transmission.

Porsche Taycan Turbo vs Porsche Panamera:

Estimated Annual Charging Cost: C$712
Estimated Annual Gasoline Cost: C$2,688

The Taycan Turbo, Porsche’s first all-electric vehicle, was unveiled earlier this year. The energy consumption rating of this high-performance sedan is 30.2 kWh/100 km, therefore it costs C$3.56 to travel that distance and C$11.50 to use the car’s 323-km range. The annual cost of driving the Taycan would be C$712.

Although there is no direct comparison in Porsche’s portfolio, the Panamera is conceptually comparable. Premium fuel would set you back C$2,688 per year if you drove a Porsche Panamera Turbo.

Volkswagen e-Golf vs Volkswagen Golf:

Estimated Annual Charging Cost: C$438
Estimated Annual Gasoline Cost: C$1,480

The Volkswagen e-Golf is a battery-powered variant of the popular compact hatchback. It’s rated at 18.6 kWh/100 km and, according to its manufacturer, will travel 198 kilometres on a single charge for C$2.19 and C$4.34 in driving costs, respectively, and an annual cost of C$438.

A standard gas-powered Golf will set you back C$1,480.

Tesla Model 3 vs BMW M340i:

Estimated Annual Charging Cost: C$351 to C$438
Estimated Annual Gasoline Cost: C$2,400

The small Model 3 is the company’s entry-level vehicle, and it comes with a variety of battery and power options. The most efficient model is rated at 14.9 kWh/100 km, which equates to C$1.75 or C$7.06 for the car’s 402-kilometre range. On the opposite end of the spectrum is a version rated at 18.6 kWh/100, which costs C$2.19 or C$10.54 to cover 481 kilometres. Annual driving costs for the Model 3 range from C$351 to C$438, depending on trim.

We’ll compare Tesla’s automobiles to more traditional premium vehicles because it doesn’t make any gas-powered versions. The BMW M340i has identical performance and room to the Model 3, and a year’s worth of premium gasoline would cost C$2,400.

Tesla Model S vs Mercedes-AMG E 53:

Estimated Annual Charging Cost: C$423 to C$508
Estimated Annual Gasoline Cost: C$2,376

The Model S, a mid-size automobile, comes next. A rating of 18.0 kWh/100 km equals a cost of C$2.12 for that distance and C$13.33 for the car’s generous 629-km range in its most efficient form. For C$2.54 and C$13.36 respectively, the least-efficient variant has a 21.6 kWh/100 km estimate and a 525-km range claim. A year of Model S ownership costs between C$423 and C$508, depending on trim.

For this comparison, we’ve gone with the Mercedes-AMG E 53, a mid-size sedan. On premium gas, its mild hybrid (but non-plug-in) powertrain would cost C$2,376 per year to operate.

Tesla Model Y vs BMW X4 M40i:

Estimated Annual Charging Cost: C$407
Estimated Annual Gasoline Cost: C$2,424

Tesla also has two crossover versions on the market. The Model Y is the smaller of the two, with a 17.3 kWh/100 km rating that corresponds to C$2.04 for 100 kilometres and C$10.37 for a projected range of 509 kilometres. A year’s worth of driving would set you back at C$407.

The BMW X4 M40i compares favourably here, costing C$2,424 for a year’s supply of premium gas.

Tesla Model X vs BMW X6 M50i:

Estimated Annual Charging Cost: C$471 to C$626
Estimated Annual Gasoline Cost: C$3,072

The Tesla Model X, meanwhile, is the company’s largest crossover SUV. For C$2.36 and C$13.31, the most efficient variant is the Long-Range trim, which is rated at 20.0 kWh/100 km and has a driving range of 565 km. The Model X Performance trim, with a 26.6 kWh/100 km rating and a range of 438 kilometres, would cost C$3.13 and C$13.72, respectively. The annual expenditures for driving would be C$471 and C$626, respectively.

Here, we’ll compare the BMW X6 M50i to the fast BMW X6 M50i, whose projected yearly driving costs for premium gasoline are C$3,072.

Comparison Summary:

Electric VehicleEstimated Annual Electricity CostGasoline CounterpartEstimated Annual Gasoline Cost
Audi E-TronC$668Audi Q8C$3,048
BMW i3C$436BMW 230i CoupeC$2,040
Chevrolet BoltC$419Chevrolet MalibuC$1,500
Jaguar I-PaceC$647Jaguar F-Pace SC$2,832
Mini Cooper SEC$458Mini Cooper SC$1,896
Nissan Leaf (Base)C$445Nissan SentraC$1,420
Porsche Taycan TurboC$712Porsche PanameraC$2,688
Volkswagen e-GolfC$438Volkswagen GolfC$1,480
Tesla Model 3C$351 to C$438BMW M340iC$2,400
Tesla Model SC$423 to C$508Mercedes-AMG E 53C$2,376
Tesla Model YC$407BMW X4 M40iC$2,424
Tesla Model XC$471 to C$626BMW X6 M50iC$3,072