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EV vs gas cost in Rhode Island: $655 a year saved at 12,000 miles

With Rhode Island electricity at 29.22¢/kWh and regular gasoline at $4.25/gal, a typical EV (0.3 kWh/mile, charged 80% at home) costs about 9.7¢ per mile to run versus 15.2¢ per mile for a 28 mpg gas car. That beats gas by $655 a year at 12,000 miles. Rhode Island ranks #48 of 51 (50 states + DC) for annual savings and #46 for lowest residential electricity price.

Home charging8.8¢/misaves $769/yr vs gas
Fast-charging only13.5¢/misaves $201/yr at $0.45/kWh
Gas car15.2¢/miat 28 mpg, $4.25/gal
Break-even gas price$2.72below this, a 28 mpg gas car is cheaper

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What the Rhode Island numbers say

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 Rhode Island

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