New York EV charging vs. gas costs
New York's average residential electricity rate is 29.45¢/kWh,above the national average by 56%. Gasoline averages $4.06/gallon, above the national average by 7%. That ranks New York #48 of 51 for cheapest electricity and #45 for cheapest gas.
Cost per mile in New York
Charging an EV at 3.5 mi/kWh on New York's 29.45¢/kWh residential rate works out to about 8.4¢ per mile. A gas car at 28 MPG paying $4.06/gallon pays about 14.5¢ per mile — roughly 1.7× as much per mile driven.
Example: 12,000 miles a year in New York
A gas car at 28 MPG driving 12,000 miles a year in New York spends about $1,740 on gasoline. An EV at 3.5 mi/kWh charging at home over the same distance spends about $1,010 on electricity — a difference of $730 a year, or about $3,651 over five years.
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Frequently asked questions
Is it cheaper to drive an EV or a gas car in New York?
In New York, an EV charging at home costs about 8.4¢ per mile, versus about 14.5¢ per mile for a 28 MPG gas car at the state's $4.06/gallon average. The EV is cheaper to fuel per mile.
How much can an EV save per year in New York?
Driving 12,000 miles a year, an EV owner in New York spends about $1,010 on home charging versus $1,740 on gasoline — a saving of roughly $730 per year, or $3,651 over five years.