EV vs Gas Savings in New York (2026)
New York electricity averages 20.5¢/kWh and gas runs $3.7/gallon. Driving an EV 12,000 miles costs $703/year in fuel. A 30 MPG gas car costs $1480/year.
Annual savings
$777
per year
5-year savings
$3,885
fuel only
EV fuel/yr
$703
20.5¢/kWh
Gas fuel/yr
$1,480
$3.7/gal
New York beats the national average
The national average EV fuel savings is $728/year. New York comes in $49/year higher.
New York EV vs gas: the full cost breakdown
| EV | Gas car | |
|---|---|---|
| Fuel rate | 20.5¢/kWh | $3.7/gal |
| Efficiency | 3.5 mi/kWh | 30 MPG |
| Annual fuel cost (12,000 mi) | $703 | $1,480 |
| 5-year fuel cost | $3,515 | $7,400 |
| EV fuel savings | $777/yr · $3,885 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: 20.5¢/kWh
4.4¢ above the national average of 16.1¢/kWh. At this rate, charging a 75 kWh battery pack from empty costs $15.38.
Source: EIA 2026 residential rates
Gas: $3.7/gallon
$0.5 above the national average of $3.2/gal. Filling a 15-gallon tank costs $55.5 in New York.
Source: GasBuddy 2026 state averages
More EV data for New York