New EVs have historically carried a price premium over comparable gas vehicles, though the gap has narrowed significantly as the market has matured. Entry-level BEVs are now available starting around $25,000–$30,000, with a wide range of options at various price points.
The total cost of ownership picture is more favorable for EVs — lower fuel costs, fewer maintenance expenses, and (historically) federal and state incentives have often made EVs cost-competitive or cheaper over a 5-year ownership period compared to equivalent gas vehicles.
Use our EV Charging Cost Calculator to estimate your monthly fuel savings vs a gas vehicle.