FOR IMMEDIATE RELEASE
May 13 , 2026
Contact: Janelle London,, Janelle@coltura.org
As gas prices surge, new tool shows Texas’s higher-mileage drivers can save $3,100 a year by switching to electric vehicles
Cost Savings Index calculates electric vehicle savings based on each drivers’ mileage, vehicle and current state gasoline/electricity prices
With high gas prices facing consumers at the pump, the national nonprofit group Coltura released new state-level data for Texas drivers potentially saving thousands of dollars by making the switch to an electric vehicle.
The organization’s Weekly EV Cost Savings Index shows that the average Texas driver that puts 15,000 miles per year on their automobile would save more than $1,900 annually on fuel and maintenance combined, and a high-mileage driver at 25,000 miles would save more than $3,000 every year. The Savings Index shows that Texans could save nearly 13 cents per mile on fuel and maintenance savings by switching to an electric vehicle under current gas prices.
The Index shows savings per mile, per trip, and per month. Coltura updates the tool weekly, so the figures always reflect current local gas and electricity prices. The savings from switching to an EV depends on the number of miles driven and whether the owner is driving a car or an SUV/truck.
Texas EV Cost Savings Index:
Why Right Now Matters
The Iran war has sent gasoline prices up 50 percent since late February, with experts warning prices will remain elevated for quite a while. The EV Cost Savings Index quantifies that advantage by state and driving habits.
What the Tool Does
The EV Cost Savings Index allows users to:
- Select their state to reflect local gas and electricity rates.
- Choose their vehicle type — car or SUV/truck — for a side-by-side comparison.
- Set their annual mileage using a simple slider.
- Toggle between fuel savings only, or fuel and maintenance combined.
- See savings broken down per mile, per trip, and per month.
“With gas prices rising, drivers are right to ask whether an EV could protect them from the volatility. The answer is yes — and the savings depend on how much you drive, what vehicle you drive, and where you live. We built this tool so any driver can enter their own information and see exactly what they’d save, based on what they’re actually paying right now.”
— Janelle London, Co-Executive Director, Coltura
“EVs can also bolster Texas’s efforts to tackle the affordability crisis by saving households thousands of dollars per year in fuel and maintenance costs. They can also help drive down electricity costs and stabilize the electricity grid when managed through thoughtful policy . These tools can help expedite the state’s transition to cleaner, healthier, and more affordable transportation choices.”
— Mario Bravo, Executive Director of TX EV Education Project
The EV Cost Savings Index is available at data.coltura.org/ev-savings-index.
About Coltura
Coltura is a national nonprofit using data-driven approaches to reduce U.S. gasoline use faster, more efficiently, and more fairly. More information is available at coltura.org.
###