Texas EV charging vs. gas costs
Texas's average residential electricity rate is 16.99¢/kWh,below the national average by 10%. Gasoline averages $3.32/gallon, below the national average by 12%. That ranks Texas #28 of 51 for cheapest electricity and #3 for cheapest gas.
Cost per mile in Texas
Charging an EV at 3.5 mi/kWh on Texas's 16.99¢/kWh residential rate works out to about 4.9¢ per mile. A gas car at 28 MPG paying $3.32/gallon pays about 11.9¢ per mile — roughly 2.4× as much per mile driven.
Example: 12,000 miles a year in Texas
A gas car at 28 MPG driving 12,000 miles a year in Texas spends about $1,423 on gasoline. An EV at 3.5 mi/kWh charging at home over the same distance spends about $583 on electricity — a difference of $840 a year, or about $4,202 over five years.
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Frequently asked questions
Is it cheaper to drive an EV or a gas car in Texas?
In Texas, an EV charging at home costs about 4.9¢ per mile, versus about 11.9¢ per mile for a 28 MPG gas car at the state's $3.32/gallon average. The EV is cheaper to fuel per mile.
How much can an EV save per year in Texas?
Driving 12,000 miles a year, an EV owner in Texas spends about $583 on home charging versus $1,423 on gasoline — a saving of roughly $840 per year, or $4,202 over five years.