The 2021 Ram 1500 Costs $607 a Month. Is That Justified?
Our calculator puts five-year ownership of a 2021 Ram 1500 at $36,444. Here's where that money goes, what breaks first, and when to walk away.
Our 5-year cost calculator puts the 2025 Ram 1500 REV at $527/month to own. Fuel is cheaper than gas, but depreciation tells a different story.
Our five-year cost estimate
Calculated by MyTrueCarCost from EPA fuel-economy data, RepairPal reliability records, and current regional fuel prices.
| Cost over 5 years | 2025 Ram 1500 REV |
|---|---|
| Depreciation | $9,240 |
| Fuel | $9,144 |
| Repairs | $3,246 |
| Maintenance | $2,530 |
| Insurance | $7,200 |
| Registration & fees | $255 |
| Total 5-year cost | $31,615 |
| Average per month | $527/mo |
Estimate for typical used mileage and 12,000 miles driven per year. Your numbers will vary with condition, location, and driving habits.
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At $527 a month over five years, the 2025 Ram 1500 REV costs less to own than a lot of people assume an electric truck will. That number comes from our own ownership calculator, and it includes everything: fuel, insurance, repairs, maintenance, registration, and the unavoidable reality of depreciation. The surprise isn't that it's electric. The surprise is where the money actually goes, and it isn't fuel.
Over five years and 60,000 miles, our calculator puts electricity costs at $9,144. That's roughly $1,829 a year to charge. Compare that to a similarly equipped gas-powered Ram 1500, where fuel alone typically runs $2,500 to $3,000 a year at current prices. You're saving real money on energy.
But depreciation takes $9,240 over the same five years. That's the single largest cost in our estimate, edging out fuel by less than $100. The electric truck tax isn't at the pump. It's in the resale market, where early electric vehicles of any brand still carry more uncertainty than their gas counterparts. If you buy new, plan to keep it.
The five-year total of $31,615 is actually reasonable for a full-size truck in this segment. The monthly average of $527 is lower than many buyers pay just in loan payments on a conventional Ram. That math only works, though, if you charge mostly at home and don't let the dealer talk you into unnecessary add-ons.
The Ram 1500 REV is a battery-electric full-size pickup built on a dedicated EV platform, not a converted gas truck. It produces up to 654 horsepower and 620 lb-ft of torque in its top configuration, with an extended-range battery option that pushes the EPA-estimated range past 350 miles. You can find the official range figures at fueleconomy.gov.
This truck is genuinely for someone who already knows they want an electric vehicle and needs a truck, not the other way around. It makes sense if you own a home and can install a Level 2 charger, if your daily driving and most of your hauling stays within a couple hundred miles of home, and if you tow occasionally rather than constantly. Frequent long-distance towing will cut range significantly, and that's not a knock on Ram specifically. It's physics.
Who it's not for: apartment dwellers without charging access, buyers who routinely tow near max capacity on trips over 200 miles, and anyone who needs a truck that's been proven reliable over several model years. The REV is a first-generation product. That carries risk.
Ram has structured the REV lineup in a fairly straightforward way. You can configure your own on the Ram build page.
| Trim | MSRP | What You Actually Get |
|---|---|---|
| Tradesman | ~$58,995 | Base work truck, standard-range battery, 12-inch screen, basic safety suite |
| Big Horn | ~$67,995 | Larger battery option, upgraded infotainment, more comfort features, popular mid-entry |
| Laramie | ~$77,995 | Leather interior, panoramic sunroof option, extended-range battery availability, Level 2 on-board charger standard |
| Tungsten | ~$97,995 | Top-of-line, 654 hp dual-motor, massaging seats, 23-speaker audio, extended-range battery standard |
The Tradesman is a loss leader in the sense that most buyers who want the full REV experience will quickly find themselves in Big Horn or Laramie territory. The Tungsten is genuinely well-equipped but crosses into territory where the depreciation risk becomes harder to justify.
The interior on the Laramie and Tungsten is legitimately good. Ram has always done interiors better than Ford and Chevy at comparable price points, and the REV continues that. The 14.5-inch or available 12-inch central screen runs the Uconnect 5 system, which is one of the more usable truck interfaces available right now. Physical controls for climate survived the EV transition, which is not something every automaker managed.
The frunk (front trunk, where the engine used to be) adds real storage. Ram claims around 10 cubic feet up front, which is more usable than it sounds. Combined with the RamBox bed storage option, you can actually lock away gear in ways a gas truck can't match.
Bidirectional charging, or vehicle-to-home capability, is available and lets the truck power your house during an outage. For buyers in areas with unreliable grids or frequent storms, that's a practical benefit, not a gimmick.
The ride quality is excellent. The low center of gravity from the battery pack makes this feel more planted than any gas Ram 1500 at highway speeds.
Towing hurts range more than Ram's marketing suggests. The official tow rating reaches up to 14,000 pounds on certain configurations, but towing at that capacity will cut your range by 40 to 50 percent. That's not unique to Ram, but Ram's range estimates are tested without a trailer. Read the fine print.
The charging network situation remains a real-world friction point. Ram has announced access to Tesla's Supercharger network via an adapter, but the experience is not as integrated as it is for Ford's F-150 Lightning, which has had more time to work out the software side of cross-network charging.
First-generation electronics are always a gamble. Ram's parent company, Stellantis, has had a mixed record on software quality across its brands in recent years. The REV's over-the-air update capability should help, but should isn't the same as will.
Our five-year repair estimate of $3,246 is relatively modest, but that figure is based on projection, not a long track record. Electric powertrains generally cost less to maintain. The question with any first-year model is whether the rest of the truck holds up the same way.
The $2,530 in maintenance costs over five years in our estimate reflects the real advantage of electric ownership: no oil changes, no spark plugs, fewer brake jobs thanks to regenerative braking. That works out to about $506 a year, which is low for a full-size truck.
For the Laramie specifically, here's a realistic look at year one:
First-year total is dominated almost entirely by depreciation. That's the honest version of new-car math that most dealers won't volunteer.
As of this writing, the 2025 Ram 1500 REV has not received a full rating from either NHTSA or IIHS. This is common for first-year models, and ratings typically arrive within the first twelve months of production. Ram's standard safety suite includes automatic emergency braking, lane-keep assist, and adaptive cruise control across all trims. Whether those systems perform at the level needed for a Top Safety Pick designation is something we'll know later.
Buyers who consider safety ratings a prerequisite before purchase have a reasonable argument to wait.
Ford F-150 Lightning: The Lightning has a longer track record, more charging network integration experience, and a broader range of trim options at the lower end of the market. The REV wins on interior quality and available range in its extended-battery configuration. The Lightning wins on real-world ownership data and software maturity.
Chevrolet Silverado EV: The Silverado EV offers a slightly more flexible bed design with the midgate feature and strong DC fast-charging speeds. The REV wins on towing capacity in top configurations. The Silverado wins if you prioritize charging speed on road trips.
Rivian R1T: The R1T is a better off-road performer and has built a loyal customer base around reliability and software quality for an early EV brand. The REV wins on max towing and the familiarity of a traditional truck layout. The R1T wins if you actually go off-road or place heavy weight on brand reliability data.
Our $31,615 five-year estimate is genuinely competitive for a full-size truck, and the $527 monthly average is not a number to dismiss. The REV is a good truck being sold at an awkward moment in the electric truck market, when buyers are still figuring out what they can trust and manufacturers are still ironing out first-generation problems.
Buy this truck if you own your home, have a charger or can install one, mostly drive within 200 miles of your base, and are willing to accept some first-generation risk in exchange for a very good interior, legitimate capability, and lower fuel and maintenance costs. The five-year math is on your side if you hold it.
Skip it if you rent, tow long distances regularly, or want a truck with a proven reliability record behind it. The REV has real promise. It does not yet have real proof.
Jay Vankawala
Founder & Editor, MyTrueCarCost
Jay built MyTrueCarCost after getting burned by the gap between a car’s sticker price and what it actually cost him to own. He designed the site’s ownership-cost model, which pulls EPA fuel-economy data, RepairPal reliability records, and regional fuel prices to estimate the real five-year cost of a vehicle. Every figure in these guides comes from that calculator.
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Our calculator puts five-year ownership of a 2021 Ram 1500 at $36,444. Here's where that money goes, what breaks first, and when to walk away.
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