EVGasCompare

EV Charging Cost in Memphis, TN (2026)

Home EV charging in Memphis, TN costs $31/month — versus $108/month for a gas car. Annual fuel savings: $917.

EV Monthly

$31

home charging

Gas Monthly

$108

28 MPG car

Annual Savings

$917

EV vs. gas

Electric Rate

11.0¢

per kWh

EV vs. Gas Cost Breakdown for Memphis, TN

12,000 miles/year, 3.5 mi/kWh EV efficiency, 28 MPG gas comparison

Cost Item EV Gas Car
Monthly fuel cost
Home charging vs. gas
$31/mo $108/mo
Annual fuel cost
12,000 mi/yr
$377/yr $1,294/yr
5-year fuel cost
Fuel only, no incentives
$1,885 $6,470

EV Ownership Costs in Memphis, TN

Memphis, TN has one of the lowest electricity rates in the country at 11.0¢/kWh — home charging costs just $31/month for 12,000 miles. That's cheaper per-mile than almost anywhere in the US. Combined with the federal $7,500 EV tax credit, Memphis, TN drivers see some of the fastest EV payback timelines nationwide.

Memphis Light, Gas and Water (TVA territory) offers low rates. Tennessee has no state EV incentive. Memphis's lower gas prices narrow the annual savings versus coastal cities, but the low electricity rate keeps EV ownership affordable.

How to Cut EV Charging Costs in Memphis, TN

  • Ask your utility about EV time-of-use rates — most offer 8–12¢/kWh overnight vs. the standard 11.0¢/kWh rate
  • Install a Level 2 home charger ($400–$800 installed) — most utilities offer rebates covering 50–100% of the cost
  • Use free workplace or destination charging when available to reduce your home charging bill
  • Schedule charging during off-peak hours (10 PM–6 AM) to automatically qualify for the lowest rates

Public Charging in Memphis, TN

Memphis, TN has approximately 210 public EV charging stations. Public charging (Level 2) typically costs $0.20–$0.40/kWh, or 2–4× home rates. DC fast charging runs $0.35–$0.55/kWh. Home charging remains the most cost-effective option for regular daily driving.

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EV Costs Across Tennessee

See how Memphis, TN compares to the statewide average and other cities in Tennessee.

View Tennessee EV charging cost data →