Is EV Charging Actually Cheaper Than Gas? We Found the Answer With Experts and Math

Original story by: CNET Last updated: Oct 16, 2025

Context: The article explores whether charging electric vehicles (EVs) is cheaper than fueling gasoline-powered cars. It acknowledges the debate among consumers and industry experts, highlighting concerns about EV purchase and charging costs alongside potential long-term savings.
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Detailed Summary:
- A significant portion of US adults (43%) express concerns about purchasing EVs, with 21% citing charging costs as a negative factor.
- Industry experts and analysis based on US averages indicate that charging an EV is generally cheaper than fueling a gasoline car.
- While electricity prices vary by location, they are considered significantly cheaper than gasoline.
- Calculations based on US averages for 1,250 miles driven monthly show an EV charging cost of $73 compared to $159 for a gasoline car, a yearly saving of $1,032.
- Factors influencing charging costs include home charging (cheapest, especially overnight during off-peak hours) versus public charging stations and the specific EV model's efficiency.
- Higher electricity rates in states like Hawaii and California may reduce savings compared to the national average.