The 5 cost buckets
1) Depreciation (biggest — usually $4,000–$6,000/yr). 2) Fuel ($1,400–$3,000). 3) Insurance ($1,500–$2,200). 4) Maintenance ($800–$1,500). 5) License, registration, taxes ($400–$1,200).
How vehicle type changes the math
A compact sedan costs ~$9,800/year. A midsize SUV ~$13,500. A half-ton pickup tops $14,200. EVs save on fuel and maintenance but depreciate faster, landing near $12,000/year average.
Calculate your own
Run your own per-mile cost in the Cost Per Mile Calculator.