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EV vs gas cost in Maryland: $911 a year saved at 12,000 miles
With Maryland electricity at 21.30¢/kWh and regular gasoline at $4.31/gal, a typical EV (0.3 kWh/mile, charged 80% at home) costs about 7.8¢ per mile to run versus 15.4¢ per mile for a 28 mpg gas car. That beats gas by $911 a year at 12,000 miles. Maryland ranks #27 of 51 (50 states + DC) for annual savings and #38 for lowest residential electricity price.
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What the Maryland numbers say
- Electricity: Maryland residential average is 21.30¢/kWh year-to-date through July 2026, 17% above the U.S. average of 18.19¢. It is up 13.6% from the same period in 2025. Latest single month (July 2026): 21.41¢.
- Gasoline: $4.31/gal (EIA regional series: Central Atlantic (PADD1B)), up $1.25 from a year ago. The U.S. average is $4.28.
- Cost-equivalent MPG: a gas car would need about 55 mpg to cost the same per mile as this EV in Maryland.
- If prices move: at 20% cheaper gas ($3.45) the yearly EV saving would be $541; at 20% higher electricity (25.56¢) it would be $788.
What this leaves out: purchase price, tax credits, insurance, maintenance, depreciation, home charger installation, time-of-use rates and cold-weather range loss. Your utility's own rate may differ from the state average. See the methodology.
Cost to run common things in Maryland
- Space heater (1,500 W): $0.32 per hour
- Electric blanket (200 W): $0.34 per 8-hour night
- Window air conditioner (1,000 W): $0.21 per hour
- Electric clothes dryer: $0.64 per load
- Dishwasher: $0.21 per load
- Refrigerator: $96 per year
- Gaming PC (300 W under load): $0.06 per hour
- EV home charging (per 100 miles): $6.39 per 100 miles
Heating this winter? In Maryland a heat pump costs about $24.97 per million BTU of heat vs $17.79 for a gas furnace and $43.73 for propane. Heat pump vs furnace in Maryland.