EV vs Gas Cost in New Jersey (2026)
New Jersey electricity averages 18.2¢/kWh. Gas is $3.28/gallon. Driving an EV 12,000 miles costs $624/year vs $1,312/year for a 30 MPG gas car.
Annual savings
$688
per year
5-year savings
$3,440
fuel only
EV/mile
5.2¢
vs 10.9¢ gas
State rebate
$4,000
available
New Jersey trails the national average
National average EV fuel savings: $728/year. New Jersey comes in $40/year lower. Electricity at 18.2¢/kWh — 2.1¢ above average — cuts into the savings.
New Jersey: EV vs gas full breakdown
| EV | Gas car (30 MPG) | |
|---|---|---|
| Fuel rate | 18.2¢/kWh | $3.28/gal |
| Cost per mile | 5.2¢/mile | 10.9¢/mile |
| Annual fuel (12,000 mi) | $624 | $1,312 |
| 5-year fuel | $3,120 | $6,560 |
| Annual fuel savings | $688/yr · $3,440 over 5 years | |
3.5 mi/kWh EV efficiency · 30 MPG gas car · home charging · 2026 EIA electricity rates and GasBuddy gas prices
New Jersey savings calculator — adjust for your situation
EV annual fuel
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Gas annual fuel
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Annual savings
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Electricity: 18.2¢/kWh · Gas: $3.28/gal · New Jersey 2026 rates
New Jersey EV incentives (2026)
State rebate: up to $4,000
Charge Up New Jersey: up to $4,000 for new BEV (MSRP under $55K). No income limit. Apply at njcleanenergy.com.
HOV lane access
EVs can use carpool lanes solo in New Jersey.
Sales tax exemption
EV purchases are exempt from state sales tax.
Electricity: 18.2¢/kWh
2.1¢ above the national average of 16.1¢/kWh. A full 75 kWh battery charge costs $13.65.
Source: EIA 2026 residential rates
Gas: $3.28/gallon
$0.08 above the national average of $3.2/gal. Filling a 15-gallon tank costs $49.2 in New Jersey.
Source: GasBuddy 2026 state averages
EV charging availability in New Jersey
Decent coveragePublic charging in New Jersey covers major metro areas and interstate corridors. Rural coverage is improving. Home charging handles most daily needs.
Compare other states
More New Jersey EV data