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EV vs gas cost in New York: $678 a year saved at 12,000 miles
With New York electricity at 29.38¢/kWh and regular gasoline at $4.31/gal, a typical EV (0.3 kWh/mile, charged 80% at home) costs about 9.8¢ per mile to run versus 15.4¢ per mile for a 28 mpg gas car. That beats gas by $678 a year at 12,000 miles. New York ranks #47 of 51 (50 states + DC) for annual savings and #47 for lowest residential electricity price.
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What the New York numbers say
- Electricity: New York residential average is 29.38¢/kWh year-to-date through July 2026, 62% above the U.S. average of 18.19¢. It is up 13.0% from the same period in 2025. Latest single month (July 2026): 29.90¢.
- Gasoline: $4.31/gal (EIA state series), up $1.30 from a year ago. The U.S. average is $4.28.
- Cost-equivalent MPG: a gas car would need about 44 mpg to cost the same per mile as this EV in New York.
- If prices move: at 20% cheaper gas ($3.45) the yearly EV saving would be $309; at 20% higher electricity (35.26¢) it would be $509.
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 New York
- Space heater (1,500 W): $0.44 per hour
- Electric blanket (200 W): $0.47 per 8-hour night
- Window air conditioner (1,000 W): $0.29 per hour
- Electric clothes dryer: $0.88 per load
- Dishwasher: $0.29 per load
- Refrigerator: $132 per year
- Gaming PC (300 W under load): $0.09 per hour
- EV home charging (per 100 miles): $8.81 per 100 miles
Heating this winter? In New York a heat pump costs about $34.44 per million BTU of heat vs $18.49 for a gas furnace and $42.90 for propane. Heat pump vs furnace in New York.