News Release

EVs Deliver Cost Savings in Q3, Averaging 9.2 Cents/Mile

October 30th, 2025 - Coltura’s newly released quarterly EV Cost Savings Index reports that EV maintenance and fuel savings are holding steady at 9.2 cents per mile compared with gas cars, on average, across the US. Fuel savings alone for EVs are 6.2 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. The average annual fuel savings for a US driver driving 25,000 miles/year switching to an EV is $1,541, and $2,291/year when savings from maintenance is included.

The savings in every state varies greatly depending on local electric rates and gasoline prices, ranging from 5.7 cents/mile in Massachusetts to nearly 15 cents/mile in Washington State.

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 average retail electric rates are from EIA.