Toronto EV vs Gas Savings Calculator | 2026 Comparison

Compare electric vehicle costs vs gas cars in Toronto. See how much you could save annually with local gas prices at $5.11/gal and electricity at $0.12/kWh.

Data updated: January 2026

EV vs Gas Savings Calculator

100 mi3,000 mi

Gas Vehicle

$170

per month

Electric Vehicle

$34

per month

Estimated Annual Savings

$1,633

Gas: $5.11/gal | Electricity: $0.12/kWh (Prices converted from liters to US gallons)

Assumes 30 mpg gas vehicle and 3.5 mi/kWh EV efficiency

Compare EV models and find the best deals in your area

Pro Research: EV Hidden Costs Guide

Beyond the sticker price: Learn about charging costs, insurance, maintenance, and total cost of ownership for electric vehicles in 2026.

Read Our EV Costs Guide →

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Frequently Asked Questions

Is EV ownership expensive in Toronto compared to the national average?

EV ownership in Toronto offers competitive savings with gas prices at $5.11/gal and electricity at $0.12/kWh, making EVs more attractive compared to the national average.

Are gas prices high in Toronto?

Gas prices in Toronto are currently $5.11 per gallon, which is 0% below the national average of $5.11/gal. This lower gas price enhances the financial advantage of switching to an electric vehicle, as EV owners in Toronto can save more on fuel costs compared to gas-powered vehicles.

How long does EV charging take in Toronto?

Home charging in Toronto typically takes 8-12 hours for a full charge using Level 2 (240V) charging, or 2-4 hours for an 80% charge using DC fast charging at public stations. The expanding charging infrastructure in Toronto makes EV ownership increasingly convenient.

What are the 2026 price trends for EV ownership in Toronto?

In 2026, EV ownership in Toronto remains cost-effective with gas prices at $5.11/gal and electricity at $0.12/kWh. As charging infrastructure expands and electricity rates remain below national averages, EV savings in Toronto are expected to improve further throughout 2026.

Last Verified: January 2026

EV Cost Savings in Toronto

Electric vehicle ownership costs in Toronto are significantly influenced by local fuel and electricity pricing. With gas prices averaging $5.11 per gallon and electricity at $0.12 per kWh, EV owners in Toronto can see substantial savings compared to traditional gas vehicles.

The Toronto area's charging infrastructure and utility rates make EV ownership increasingly attractive. Public charging stations are expanding throughout Toronto, and home charging costs remain competitive with local electricity rates.

Our calculator uses 2026 pricing data specific to Toronto, accounting for local gas station prices, residential electricity rates, and typical driving patterns. This helps you understand the true cost comparison between electric and gas vehicles for Toronto residents.

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