Electric Alternative to the Ford F-150
2024 Ford F-150 · 20 mpg combined · $34,585 MSRP
What your Ford F-150 costs to run
Annual fuel cost
$1,920
12,000 mi/yr
Cost per mile
16.0¢
gas at $3.20/gal
5-yr fuel cost
$9,600
fuel only
5-yr running costs
$40,242
depr + fuel + ins + maint
2 EVs that fit
Ranked by total 5-year cost savings vs your Ford F-150.
Best match
Ford F-150 Lightning
240 mi range · MSRP $49,995
-$1,956
5-yr TCO vs Ford F-150
Annual fuel savings
$1,080
EV cost/mile
7.0¢
vs 16.0¢ gas
EV annual fuel
$840
vs $1,920 gas
Price difference
+$15,410
vs Ford F-150 MSRP
| Cost (5 years) | Ford F-150 Lightning | Ford F-150 | EV saves |
|---|---|---|---|
| Fuel | $4,200 | $9,600 | +$5,400 |
| Maintenance | $3,000 | $7,500 | +$4,500 |
| Insurance | $12,000 | $10,000 | -$2,000 |
| Depreciation | $22,998 | $13,142 | -$9,856 |
| 5-yr running total | $42,198 | $40,242 | -$1,956 |
5-yr running costs = depreciation + fuel + insurance + maintenance. Purchase price shown separately. 12,000 mi/yr, national avg energy prices.
State incentives may apply. 14+ states offer $2,000–$7,500 for qualifying EVs. Check your state →
Rivian R1T
314 mi range · MSRP $69,900
-$14,077
5-yr TCO vs Ford F-150
Annual fuel savings
$1,147
EV cost/mile
6.4¢
vs 16.0¢ gas
EV annual fuel
$773
vs $1,920 gas
Price difference
+$35,315
vs Ford F-150 MSRP
| Cost (5 years) | Rivian R1T | Ford F-150 | EV saves |
|---|---|---|---|
| Fuel | $3,865 | $9,600 | +$5,735 |
| Maintenance | $3,300 | $7,500 | +$4,200 |
| Insurance | $15,000 | $10,000 | -$5,000 |
| Depreciation | $32,154 | $13,142 | -$19,012 |
| 5-yr running total | $54,319 | $40,242 | -$14,077 |
5-yr running costs = depreciation + fuel + insurance + maintenance. Purchase price shown separately. 12,000 mi/yr, national avg energy prices.
What actually changes when you switch
You pay less for
- ✓ Fuel — electricity is 3–4× cheaper per mile than gas at current prices
- ✓ Oil changes — EVs don't have them
- ✓ Brake jobs — regenerative braking extends pad life
- ✓ Transmission service — no transmission
You pay more for
- ○ Purchase price — most EVs cost $5K–$15K more upfront
- ○ Insurance — EVs cost 10–25% more to insure on average
- ○ Home charger — Level 2 install runs $800–$1,500
- ○ Tire replacement — heavier EVs can wear tires faster
Other trucks in your class
Chevrolet Silverado 1500
19 mpg · Best match: Ford F150 Lightning
Toyota Tacoma
21 mpg · Best match: Ford F150 Lightning
Ram 1500
18 mpg · Best match: Ford F150 Lightning