EV vs. Gas Cost in New York (2026)
In New York, gas averages about $4.47/gallon and home electricity about $0.3/kWh. Driving 13,000 miles a year, that's roughly $2,324 in gas versus about $1,147 to charge an EV at home — about $1,177/year before purchase price, maintenance, and resale.
The federal EV tax credit is now $0 (it ended for vehicles acquired after September 30, 2025), so these numbers don't assume a $7,500 discount that no longer exists.
Calculate my New York EV savings →Frequently asked
- Is an EV worth it in New York?
- Fuel-only savings are roughly $1,177/yr at home vs gas at $4.47/gal; total depends on price, miles, years — run your numbers above.
- How much does it cost to charge an EV in New York?
- About $1,147/year for 13,000 mi at $0.3/kWh and ~3.4 mi/kWh; time-of-use/overnight rates can be much lower.
- Are there EV tax credits in New York in 2026?
- Federal $7,500/$4,000 credits ended Sept 30, 2025; some state/utility rebates may still apply — check your utility and state energy office.
State & local incentives
EV rebates, credits, and fees change often — many states and local utilities offer their own, and some states charge an EV-specific annual registration fee. Before you buy, check the current rules for New York in the U.S. Department of Energy's official database.