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EV vs gas cost in North Carolina: $900 a year saved at 12,000 miles
With North Carolina electricity at 14.94¢/kWh and regular gasoline at $3.86/gal, a typical EV (0.3 kWh/mile, charged 80% at home) costs about 6.3¢ per mile to run versus 13.8¢ per mile for a 28 mpg gas car. That beats gas by $900 a year at 12,000 miles. North Carolina ranks #30 of 51 (50 states + DC) for annual savings and #17 for lowest residential electricity price.
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What the North Carolina numbers say
- Electricity: North Carolina residential average is 14.94¢/kWh year-to-date through July 2026, 18% below the U.S. average of 18.19¢. It is up 9.0% from the same period in 2025. Latest single month (July 2026): 15.16¢.
- Gasoline: $3.86/gal (EIA regional series: Lower Atlantic (PADD1C)), up $1.07 from a year ago. The U.S. average is $4.28.
- Cost-equivalent MPG: a gas car would need about 61 mpg to cost the same per mile as this EV in North Carolina.
- If prices move: at 20% cheaper gas ($3.09) the yearly EV saving would be $569; at 20% higher electricity (17.93¢) it would be $814.
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 North Carolina
- Space heater (1,500 W): $0.22 per hour
- Electric blanket (200 W): $0.24 per 8-hour night
- Window air conditioner (1,000 W): $0.15 per hour
- Electric clothes dryer: $0.45 per load
- Dishwasher: $0.15 per load
- Refrigerator: $67 per year
- Gaming PC (300 W under load): $0.04 per hour
- EV home charging (per 100 miles): $4.48 per 100 miles
Heating this winter? In North Carolina a heat pump costs about $17.51 per million BTU of heat vs $20.17 for a gas furnace and $41.57 for propane. Heat pump vs furnace in North Carolina.