Is charging an EV cheaper than buying gas?

Using the example above, 1,000 miles costs about $49 on home electricity. A 30 mpg gas car at $3.20/gallon would cost about $107 for the same miles. Your numbers depend on local electricity and gas prices.

DC fast charging is priced higher than home power, so drivers who rely mostly on fast chargers save less. FuelEconomy.gov lets you compare annual fuel costs for specific models.