Vermont EV charging vs. gas costs
Vermont's average residential electricity rate is 24.56¢/kWh,above the national average by 30%. Gasoline averages $3.97/gallon, above the national average by 5%. That ranks Vermont #41 of 51 for cheapest electricity and #41 for cheapest gas.
Cost per mile in Vermont
Charging an EV at 3.5 mi/kWh on Vermont's 24.56¢/kWh residential rate works out to about 7.0¢ per mile. A gas car at 28 MPG paying $3.97/gallon pays about 14.2¢ per mile — roughly 2.0× as much per mile driven.
Example: 12,000 miles a year in Vermont
A gas car at 28 MPG driving 12,000 miles a year in Vermont spends about $1,701 on gasoline. An EV at 3.5 mi/kWh charging at home over the same distance spends about $842 on electricity — a difference of $859 a year, or about $4,297 over five years.
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Frequently asked questions
Is it cheaper to drive an EV or a gas car in Vermont?
In Vermont, an EV charging at home costs about 7.0¢ per mile, versus about 14.2¢ per mile for a 28 MPG gas car at the state's $3.97/gallon average. The EV is cheaper to fuel per mile.
How much can an EV save per year in Vermont?
Driving 12,000 miles a year, an EV owner in Vermont spends about $842 on home charging versus $1,701 on gasoline — a saving of roughly $859 per year, or $4,297 over five years.