All states · Gas October 6, 2026 · Electricity July 2026
Charging an EV at home in Colorado costs the same per mile as buying gas at $1.38 a gallon. Regular gas averaged $4.12 on October 6, 2026, so 1,000 miles costs about $51 to charge and $152 in gas: roughly $101 a month back in your pocket, or $1,217 a year.
Colorado has 6 EV incentives still open (state, utility and charger money), last reviewed October 2026. See the Colorado incentives.
By city, utility by utility: Is an EV cheaper than gas in Denver?
Home electricity averages 17.0 cents per kWh (EIA, July 2026), 7% below the 18.3-cent national average. That makes Colorado the 30th cheapest of 51 places to charge at home (22nd most expensive).
The rate is up 6.3% from a year ago (16.0 to 17.0 cents). At today's rate, 12,000 miles a year costs about $612 to charge at home, the same per mile as a gas car that gets 81 mpg.
Regular gas averages $4.12 a gallon (AAA, October 6, 2026), 6% below the $4.37 national average, the 16th cheapest of 51. A 27 mpg car burns about 444 gallons over 12,000 miles, roughly $1,829 a year.
Gas would have to fall to about $1.38 a gallon before that car costs less per mile than charging at home in Colorado.
Colorado charges EV owners an extra ~$89/yr at registration, the state's answer to lost gas-tax revenue. Against the $1,217 a year you save on fuel at 12,000 miles, a fee of about $89 takes roughly 7%, leaving about $1,128 a year. Coming: The road usage part rises to $36 in July 2027 and $96 by July 2031.
See every state's EV fee, ranked
Same 1,000 miles a month, same car, each state's own prices. Colorado saves $101 a month.
Gas prices jumped in 2026 when the war with Iran disrupted oil shipping through the Strait of Hormuz. Home electricity is priced by utilities under state regulators and moves far more slowly, so the gap tends to widen when gas spikes. For a 27 mpg car to cost less per mile than charging at home in Colorado, gas would have to fall below $1.38 a gallon.
Why an EV opts you out of gas spikes · Is an EV cheaper than gas right now? Every state
We assume 1,000 miles a month, a typical new EV that uses 30 kWh per 100 miles, a 27 mpg gas car, and home charging at Colorado's average residential rate. Your own miles, car and utility will move these numbers, so treat this as the honest average, not your bill.
Sources: EIA Electric Power Monthly, Table 5.6.A (residential average), AAA state gas price averages (regular unleaded)
Use the savings calculator, check Colorado EV incentives, or see which EVs fit how you drive.
Colorado's average residential electricity rate is 17.0 cents per kWh (EIA, July 2026). A typical new EV uses about 30 kWh per 100 miles, so 100 miles costs about $5.10 and 1,000 miles costs about $51 when you charge at home.
Yes, to fuel. Charging at home costs the same per mile as gas at $1.38 a gallon. With regular gas at $4.12 a gallon (AAA, October 6, 2026), 1,000 miles in a 27 mpg gas car costs about $152, versus $51 for an EV. That is roughly $101 a month, or $1,217 a year.
About $1.38 a gallon. Below that price, a 27 mpg gas car costs less per mile than charging at home at Colorado's average rate. Gas is $4.12 today, so home charging currently costs about the same per mile as a gas car that gets 81 mpg.
Colorado adds an EV registration fee of ~$89/yr. It is the state's answer to lost gas-tax revenue, so include it when you compare yearly costs. Our Colorado incentives page covers it along with the rebates that are still available.
They assume home charging at the state average residential rate, a typical new EV and a 27 mpg gas car. Public fast charging usually costs more than charging at home, and some utilities offer cheaper overnight rates. Your own miles, car and utility matter, so run your own numbers in the savings calculator.
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