Mr Evans, who was found not guilty of rape and sexual assault at a court on Thursday, said the case had cost him his entire life savings.
The former deputy speaker in the House of Commons said he contemplated suicide during the "very darkest moments" of his 11-month ordeal, which he described as a witch-hunt and "a very public execution attempt".
The 56-year-old called for a review of laws that grant anonymity to alleged victims of sex crimes, which he said were "unbalanced", and questioned the way the CPS had handled recent cases of historic sexual allegations against high-profile people.
He said: "I feel cheated by the fact that if my seven accusers and I walked down the street none of them would be recognised but I would be because I was the only one who was named. And I have been cleared, while their allegations have been shown to be false."
Speaking of the impact fighting the case had on him, Mr Evans said the legal battle had cost him his £130,000 life savings, saying: "Every penny is gone, in addition to the £30,000-a-year parliamentary salary I was paid as Deputy Speaker."
He added: "If someone is dragged through the courts through no fault of their own and is acquitted they should get their legal fees back from the CPS budget.
"Maybe that will make them focus on whether a case is worth pursuing."
Mr Evans said there should be consideration given to banning prosecutions of "historic" alleged crimes, or a time limit, saying: "We need to consider the issue of a statute of limitations and look at how other countries deal with this."
He also called for an end to the "bundling" of cases, in which weaker allegations are considered together to build a stronger case, and said the CPS should have to meet a higher threshold in its likelihood of securing a conviction before it can bring a prosecution.
The MP for Ribble Valley questioned the CPS's management of high-profile cases. "It is said that no one should get special treatment in these cases," he said. But people in the public limelight are getting special treatment - the wrong type."
Mr Evans said he could not have got through his ordeal without the support of friends - including Coronation Street star Bill Roache, who himself was cleared of a number of sex offences earlier this year.
Mr Evans has now said he is determined to stay on as an MP and fight for his Lancashire seat at the next election, but will not ask to be deputy speaker.