News Release

EVs Deliver Cost Savings in Q4 2025, Averaging 8.3 Cents/Mile

Coltura’s EV Cost Savings Index: Savings on Fuel and Maintenance in Every State

Jan 15, 2026 - Coltura’s newly released quarterly EV Cost Savings Index reports that, even with lower gasoline prices, EV drivers across the U.S. are saving an average 8.3 cents per mile on fuel and maintenance compared with gas cars. Fuel savings alone for EVs are on average 5.3 cents/mile relative to gas cars.

People who drive the most stand to save the most by switching from a gas car to an EV. U.S. drivers driving 20,000 miles/year can save an average of $1,659/year on fuel and maintenance, and $1,059 on fuel alone.

The savings in every state varies greatly depending on local electric rates and gasoline prices, ranging from 13.4 cents/mile in Washington State to 4.9 cents/mile in Massachusetts.

EV cost savings declined slightly since Q1 2025 due to a combination of higher electric rates and lower gas prices. Average retail electric rates in the U.S. have increased 12.5% since Q1 while average U.S. gasoline prices declined 3.3%.

Explore how much drivers in your state could save at data.coltura.org/ev-savings-index.

Methods: The analysis accounts for both home and public charging costs (weighted at 80% and 20% respectively) Coltura calculates EV savings per mile by comparing the cost per mile of gasoline vehicles and electric vehicles with average fuel efficiency. Average gasoline prices for each state come from GasBuddy, and the state average retail electric rates are from EIA.