Skip to content
Plug & Pylon

Running costs

Is charging an EV cheaper than gas?

Yes, on the national averages, by roughly three to one. But the honest answer depends on two numbers that vary enormously by state -- so here are both, with the arithmetic shown.

By Sawyer V. · Published October 7, 2026

A calculator and notepad on a desk, used for working out a household budget
Illustrative photo.

How this page is funded: we earn a commission if you buy through our Amazon links, at no extra cost to you. It does not change what we recommend, and we say plainly when the honest answer is to buy nothing. Full disclosure.

The verdict, stated plainly and then shown: at the national average residential electricity price of 18.31 cents per kilowatt-hour and the national average regular gasoline price of $4.354 a gallon, a typical electric car costs about a third as much to fuel as a typical gasoline car. ENERGY STAR puts it the same way -- driving on electricity costs less than half what it costs to drive a standard gasoline vehicle. We are not going to stop at a national average, though, because the spread between states is wider than the gap this page is measuring.

Where the four numbers come from

  • Electricity: 18.31 cents per kWh. U.S. average residential price for July 2026, from the EIA's Electric Power Monthly, released 2026-09-24. The rolling 12-month figure is 17.99 cents and calendar 2025 was 17.30.
  • Gasoline: $4.354 per gallon. U.S. average regular, week ending 2026-10-05, from the EIA's Gasoline and Diesel Fuel Update released 2026-10-06.
  • Vehicle consumption: the EPA's own kWh-per-100-miles ratings, not manufacturer claims.
  • The energy equivalence: 1 gallon of gasoline = 33.7 kWh. That is the EPA's figure, the one MPGe is built on.

The arithmetic, so you can redo it with your own numbers

Cost per 100 miles, both ways

Electric: (kWh per 100 miles) x (your price per kWh). A 25 kWh/100 mi EV at 18.31 cents: 25 x 0.1831 = $4.58.

Gasoline: (100 / mpg) x (price per gallon). A 30 mpg car at $4.354: 3.333 x 4.354 = $14.51.

Saving per 100 miles: $14.51 - $4.58 = $9.93.

Over 12,000 miles a year: 120 x $9.93 = about $1,192.

Cost per 100 miles at the U.S. averages, October 2026
VehicleConsumption or mpgCost per 100 miles
Tesla Model Y Standard RWD24 kWh/100 mi$4.39
Tesla Model Y Long Range RWD25 kWh/100 mi$4.58
Cadillac Optiq RWD32 kWh/100 mi$5.86
Cadillac Lyriq37 kWh/100 mi$6.77
GMC Sierra EV50 kWh/100 mi$9.16
GMC Hummer EV70 kWh/100 mi$12.82
Gasoline car at 40 mpg40 mpg$10.89
Gasoline car at 35 mpg35 mpg$12.44
Gasoline car at 30 mpg30 mpg$14.51
Gasoline car at 25 mpg25 mpg$17.42
Gasoline car at 20 mpg20 mpg$21.77
Electricity at 18.31 cents/kWh (EIA, July 2026) and regular gasoline at $4.354/gal (EIA, week ending 2026-10-05). EV consumption is the EPA's published rating. Charging losses are not included and are discussed below; they make the EV figures slightly optimistic.

Read the two halves of that table against each other and the shape of the answer appears: an efficient EV beats an efficient gasoline car by about two and a half to one, and an electric truck beats a thirsty gasoline car by about the same margin. The place the comparison gets close is a heavy EV against an efficient hybrid -- a Hummer at $12.82 against a 35 mpg car at $12.44 is a loss, on fuel cost alone.

By state, because this is where it actually varies

Cost per 100 miles for a 25 kWh/100 mi EV, by state residential rate
StateResidential cents/kWh, July 2026EV cost per 100 mi30 mpg car, at $4.354/gal
Louisiana12.72$3.18$14.51
Idaho13.73$3.43$14.51
Washington14.71$3.68$14.51
Florida15.03$3.76$14.51
Texas15.88$3.97$14.51
Georgia16.27$4.07$14.51
U.S. average18.31$4.58$14.51
Illinois19.22$4.81$14.51
Pennsylvania21.72$5.43$14.51
New Jersey25.19$6.30$14.51
New York29.90$7.48$14.51
Massachusetts30.49$7.62$14.51
California33.61$8.40$14.51
Hawaii48.00$12.00$14.51
Electricity prices are EIA Table 5.6.A residential averages for July 2026. The gasoline column uses the national average for comparability; your local pump price differs -- EIA publishes regional figures from $3.911 on the Gulf Coast to $5.727 on the West Coast for the same week, and California at $6.227.

The break-even rate, which is the number to remember

At what electricity price do they cost the same?

A 30 mpg car at $4.354 a gallon costs $14.51 per 100 miles.

A 25 kWh/100 mi EV uses 25 kWh to cover the same 100 miles.

Break-even price per kWh = $14.51 / 25 = $0.581.

So you would need to pay about 58 cents per kWh before the gasoline car became cheaper.

That is the figure worth carrying around. The highest state average in the country is 48 cents, and the U.S. average is 18.31. The margin is not marginal. Where it does get tight is public DC fast charging, which is priced per kWh at rates that can approach or exceed that break-even -- which is why home versus public charging matters to the economics and not only to convenience.

Three honest caveats

  • Charging losses. Not every kilowatt-hour leaving the wall reaches the battery; some becomes heat in the cable and the car's onboard charger. Your meter reads slightly more than the car reports receiving, so the EV figures above are a little optimistic. Cost to charge at home covers this.
  • Cold weather. The EPA measures EV fuel economy dropping roughly 39% and range roughly 41% at 20 F against 75 F in mixed driving, with about two thirds of the extra energy going to cabin heat. Winter cost per mile is higher. Cold weather charging.
  • This page is fuel only. Insurance, depreciation, tires, maintenance and the purchase price are all outside it. Fuel is the part that is cleanly calculable from published data, which is why it is the part we calculate.

The one change that moves the number most

Everything above uses your utility's average residential rate. If your utility offers a time-of-use or EV rate, the overnight price is usually well below that average, and charging is the one large household load you can move entirely into the cheap window. That requires a charger or a car that can schedule -- which is the whole practical case for a connected charger, and the reason the picks below are a scheduling-capable unit and the monitor that shows what it actually drew.

Work out your own figure rather than taking ours: find the price per kWh on your bill, read your car's kWh per 100 miles from its trip computer or the EPA rating, and multiply. Time-of-use charging explains how to line the schedule up with the rate.

What turns the saving into a real one

A charger that schedules into the cheap window, and a monitor that tells you what the EV circuit actually used. Prices are live from Amazon and carry the date they were read.

1. A first charger, hardwired

Emporia Level 2 EV Charger (Classic)

Emporia · J1772 · 48 A / 11.5 kW · 25 ft cable

The safe default for a first home charger: 48 amps hardwired, a genuinely long cable, a NEMA 4 outdoor-rated case, and no subscription attached to the app.

What is good

  • 48 A hardwired is the fastest tier most homes can realistically support
  • 25 ft of cable reaches across a two-car garage without a fight
  • NEMA Type 4 enclosure is rated for outdoor mounting
  • Energy monitoring in the app with no subscription

What is not

  • Drops to 40 A if you use the NEMA 14-50 plug rather than hardwiring
  • The app is the only way to change the amperage setting
Published specifications for the Emporia Level 2 EV Charger (Classic)
Maximum output48 A / 11.5 kW at 240 V (hardwired)
Plug-in output40 A with the NEMA 14-50 plug
ConnectorSAE J1772
Cable25 ft
EnclosureNEMA Type 4, indoor or outdoor
CertificationUL listed, Energy Star
Warranty3 years

Skip this if: Skip it if you want a unit with no app or network connection at all. The Grizzl-E Classic is the simpler machine.

Specifications above are the manufacturer’s published figures. Source: Emporia Energy. We have not tested this unit — see how we pick.

2. Circuit-level detail

Emporia Vue 3 home energy monitor

Emporia Vue 3 home energy monitor

Emporia · In-panel sensors

Clamps onto your mains and up to 16 individual circuits, so you can see exactly what the EV charger draws and how much headroom your panel really has. Pairs with Emporia's own charger to charge from surplus solar.

What is good

  • Up to 16 circuit sensors, so the EV circuit gets its own exact reading
  • Wired Ethernet as well as Wi-Fi, which matters inside a metal panel
  • Pairs with the Emporia EV charger to charge from surplus solar
  • Shows real panel headroom -- useful before deciding on a charger's amperage

What is not

  • Sensors go inside the panel, which is electrician territory
  • Routing up to 16 clamps is fiddly in a crowded panel
  • Only as useful as the time you spend in the app
Published specifications for the Emporia Vue 3 home energy monitor
Mains sensors2 x 200 A
Branch circuit sensorsUp to 16 x 50 A
Connectivity2.4 GHz Wi-Fi, plus 10/100 wired Ethernet
SolarMonitors net metering without extra equipment
3-phase homesA separate 3-phase/4-wire model is sold
CertificationUL certified
Warranty1 year

Skip this if: Skip it if you only want a whole-home total. Sixteen circuit sensors is a lot of hardware to route through a panel for one number.

Specifications above are the manufacturer’s published figures. Source: Emporia Energy, Emporia Energy, Excess Solar, Emporia Energy, 3-phase model. We have not tested this unit — see how we pick.

$199.99 · View on Amazon#ad how we are funded · price as of October 17, 2026

FAQ

Questions people actually ask

Is it cheaper to charge an EV than buy gas in 2026?
Yes, by roughly three to one on national averages. At the EIA's 18.31 cents per kWh for July 2026, a 25 kWh/100 mi EV costs about $4.58 per 100 miles; a 30 mpg car at the EIA's $4.354 average gasoline price costs about $14.51.
How much does it cost to drive 100 miles on electricity?
About $4.58 for an efficient EV at the U.S. average residential rate, ranging from about $3.18 in Louisiana to about $12.00 in Hawaii. A heavy electric truck at 70 kWh per 100 miles costs about $12.82 at the national average.
At what electricity price does gas become cheaper?
About 58 cents per kWh, comparing a 25 kWh/100 mi EV with a 30 mpg car at $4.354 a gallon. The highest state average residential rate in the country is 48 cents, so no state average reaches break-even.
Does a gallon of gasoline hold more energy than a kWh of electricity?
Far more: the EPA's equivalence is 1 gallon of gasoline = 33.7 kWh. An EV wins on cost anyway because it converts a much larger share of that energy into movement.
Do electric trucks still save money on fuel?
Yes against most gasoline trucks, but the margin narrows. A GMC Hummer EV at the EPA's 70 kWh per 100 miles costs about $12.82 per 100 miles, which is close to a 35 mpg car and well short of the savings an efficient EV delivers.

Sources

Where these numbers come from

  1. Electric Power Monthly, Table 5.3: average price of electricity by end-use sector — U.S. Energy Information AdministrationData for July 2026, released 2026-09-24. U.S. average residential price 18.31 cents per kWh in July 2026; 18.19 cents year to date 2026; 17.99 cents for the rolling 12 months ending July 2026; 17.30 cents for calendar 2025. Read 2026-10-07.
  2. Electric Power Monthly, Table 5.6.A: average price of electricity by state — U.S. Energy Information AdministrationResidential cents per kWh, July 2026: Hawaii 48.00, California 33.61, Massachusetts 30.49, New York 29.90, New Jersey 25.19, Michigan 23.05, Pennsylvania 21.72, Ohio 19.45, Illinois 19.22, Virginia 17.55, Colorado 17.00, Georgia 16.27, Texas 15.88, Arizona 15.38, North Carolina 15.16, Florida 15.03, Washington 14.71, Idaho 13.73, Louisiana 12.72; U.S. total 18.31. Read 2026-10-07.
  3. Gasoline and Diesel Fuel Update: U.S. regular gasoline prices — U.S. Energy Information AdministrationWeek ending 2026-10-05, released 2026-10-06. U.S. regular $4.354 per gallon. By region: Gulf Coast $3.911, Lower Atlantic $3.959, Midwest $4.109, East Coast $4.147, New England $4.343, Central Atlantic $4.363, Rocky Mountain $4.417, West Coast $5.727, West Coast excluding California $5.116. California $6.227, Colorado $4.020. Read 2026-10-07.
  4. Fuel economy of the 2026 Tesla Model Y Long Range RWD — U.S. EPA and U.S. Department of Energy, fueleconomy.govPublishes the MPGe equivalence "1 gallon of gasoline = 33.7 kWh", and rates this trim at 134 MPGe combined and 25 kWh per 100 miles. Read 2026-10-07.
  5. Fuel economy ratings for 2026 electric vehicles — U.S. EPA and U.S. Department of Energy, fueleconomy.govConsumption figures used on this page, kWh per 100 miles: Tesla Model Y Standard RWD 24, Model Y Long Range RWD 25, Model Y Performance AWD 32; Cadillac Optiq RWD 32, Lyriq 37; GMC Sierra EV 50; GMC Hummer EV 70. Read 2026-10-07.
  6. ENERGY STAR certified electric vehicle chargers — U.S. EPA, ENERGY STARStates that driving on electricity costs less than half what it costs to drive a standard gasoline vehicle, and that certified chargers are tested by a nationally recognized testing laboratory and use less energy when idle. Read 2026-10-07.

Read next