North Carolina EV charging vs. gas costs
North Carolina's average residential electricity rate is 16.25¢/kWh,below the national average by 14%. Gasoline averages $3.48/gallon, below the national average by 8%. That ranks North Carolina #24 of 51 for cheapest electricity and #13 for cheapest gas.
Cost per mile in North Carolina
Charging an EV at 3.5 mi/kWh on North Carolina's 16.25¢/kWh residential rate works out to about 4.6¢ per mile. A gas car at 28 MPG paying $3.48/gallon pays about 12.4¢ per mile — roughly 2.7× as much per mile driven.
Example: 12,000 miles a year in North Carolina
A gas car at 28 MPG driving 12,000 miles a year in North Carolina spends about $1,491 on gasoline. An EV at 3.5 mi/kWh charging at home over the same distance spends about $557 on electricity — a difference of $934 a year, or about $4,671 over five years.
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Frequently asked questions
Is it cheaper to drive an EV or a gas car in North Carolina?
In North Carolina, an EV charging at home costs about 4.6¢ per mile, versus about 12.4¢ per mile for a 28 MPG gas car at the state's $3.48/gallon average. The EV is cheaper to fuel per mile.
How much can an EV save per year in North Carolina?
Driving 12,000 miles a year, an EV owner in North Carolina spends about $557 on home charging versus $1,491 on gasoline — a saving of roughly $934 per year, or $4,671 over five years.