Arkansas EV charging vs. gas costs
Arkansas's average residential electricity rate is 14.16¢/kWh,below the national average by 25%. Gasoline averages $3.43/gallon, below the national average by 9%. That ranks Arkansas #9 of 51 for cheapest electricity and #7 for cheapest gas.
Cost per mile in Arkansas
Charging an EV at 3.5 mi/kWh on Arkansas's 14.16¢/kWh residential rate works out to about 4.0¢ per mile. A gas car at 28 MPG paying $3.43/gallon pays about 12.3¢ per mile — roughly 3.0× as much per mile driven.
Example: 12,000 miles a year in Arkansas
A gas car at 28 MPG driving 12,000 miles a year in Arkansas spends about $1,470 on gasoline. An EV at 3.5 mi/kWh charging at home over the same distance spends about $485 on electricity — a difference of $985 a year, or about $4,923 over five years.
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Frequently asked questions
Is it cheaper to drive an EV or a gas car in Arkansas?
In Arkansas, an EV charging at home costs about 4.0¢ per mile, versus about 12.3¢ per mile for a 28 MPG gas car at the state's $3.43/gallon average. The EV is cheaper to fuel per mile.
How much can an EV save per year in Arkansas?
Driving 12,000 miles a year, an EV owner in Arkansas spends about $485 on home charging versus $1,470 on gasoline — a saving of roughly $985 per year, or $4,923 over five years.