EV vs Gas Cost in Iowa (2026)
Iowa electricity averages 12.5¢/kWh. Gas is $3.05/gallon. Driving an EV 12,000 miles costs $429/year vs $1,220/year for a 30 MPG gas car.
Annual savings
$791
per year
5-year savings
$3,955
fuel only
EV/mile
3.6¢
vs 10.2¢ gas
State rebate
None
no program
Iowa beats the national average
National average EV fuel savings: $728/year. Iowa comes in $63/year higher. Electricity at 12.5¢/kWh is 3.6¢ below the national average.
Iowa: EV vs gas full breakdown
| EV | Gas car (30 MPG) | |
|---|---|---|
| Fuel rate | 12.5¢/kWh | $3.05/gal |
| Cost per mile | 3.6¢/mile | 10.2¢/mile |
| Annual fuel (12,000 mi) | $429 | $1,220 |
| 5-year fuel | $2,145 | $6,100 |
| Annual fuel savings | $791/yr · $3,955 over 5 years | |
3.5 mi/kWh EV efficiency · 30 MPG gas car · home charging · 2026 EIA electricity rates and GasBuddy gas prices
Iowa savings calculator — adjust for your situation
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Gas annual fuel
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Electricity: 12.5¢/kWh · Gas: $3.05/gal · Iowa 2026 rates
Iowa EV incentives (2026)
No state rebate program
No state EV rebate program.
Utility rebates
MidAmerican Energy offers EV rate discount programs.
Electricity: 12.5¢/kWh
3.6¢ below the national average of 16.1¢/kWh. A full 75 kWh battery charge costs $9.38.
Source: EIA 2026 residential rates
Gas: $3.05/gallon
$0.15 below the national average of $3.2/gal. Filling a 15-gallon tank costs $45.75 in Iowa.
Source: GasBuddy 2026 state averages
EV charging availability in Iowa
Building outIowa is expanding its public charging network. Home charging handles most daily miles. Highway charging gaps exist in some rural areas.
Compare other states
More Iowa EV data