EV vs Gas Savings in New Jersey (2026)
New Jersey electricity averages 17.0¢/kWh and gas runs $3.65/gallon. Driving an EV 12,000 miles costs $583/year in fuel. A 30 MPG gas car costs $1460/year.
Annual savings
$877
per year
5-year savings
$4,385
fuel only
EV fuel/yr
$583
17.0¢/kWh
Gas fuel/yr
$1,460
$3.65/gal
New Jersey beats the national average
The national average EV fuel savings is $728/year. New Jersey comes in $149/year higher.
New Jersey EV vs gas: the full cost breakdown
| EV | Gas car | |
|---|---|---|
| Fuel rate | 17.0¢/kWh | $3.65/gal |
| Efficiency | 3.5 mi/kWh | 30 MPG |
| Annual fuel cost (12,000 mi) | $583 | $1,460 |
| 5-year fuel cost | $2,915 | $7,300 |
| EV fuel savings | $877/yr · $4,385 over 5 years | |
12,000 mi/yr · 3.5 mi/kWh EV · 30 MPG gas car · 2026 EIA and GasBuddy data · home charging only
Electricity: 17.0¢/kWh
0.9¢ above the national average of 16.1¢/kWh. At this rate, charging a 75 kWh battery pack from empty costs $12.75.
Source: EIA 2026 residential rates
Gas: $3.65/gallon
$0.45 above the national average of $3.2/gal. Filling a 15-gallon tank costs $54.75 in New Jersey.
Source: GasBuddy 2026 state averages
More EV data for New Jersey