Indiana EV charging vs. gas costs
Indiana's average residential electricity rate is 17.9¢/kWh,below the national average by 5%. Gasoline averages $3.06/gallon, below the national average by 19%. That ranks Indiana #32 of 51 for cheapest electricity and #1 for cheapest gas.
Cost per mile in Indiana
Charging an EV at 3.5 mi/kWh on Indiana's 17.9¢/kWh residential rate works out to about 5.1¢ per mile. A gas car at 28 MPG paying $3.06/gallon pays about 10.9¢ per mile — roughly 2.1× as much per mile driven.
Example: 12,000 miles a year in Indiana
A gas car at 28 MPG driving 12,000 miles a year in Indiana spends about $1,311 on gasoline. An EV at 3.5 mi/kWh charging at home over the same distance spends about $614 on electricity — a difference of $698 a year, or about $3,489 over five years.
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Frequently asked questions
Is it cheaper to drive an EV or a gas car in Indiana?
In Indiana, an EV charging at home costs about 5.1¢ per mile, versus about 10.9¢ per mile for a 28 MPG gas car at the state's $3.06/gallon average. The EV is cheaper to fuel per mile.
How much can an EV save per year in Indiana?
Driving 12,000 miles a year, an EV owner in Indiana spends about $614 on home charging versus $1,311 on gasoline — a saving of roughly $698 per year, or $3,489 over five years.