All states · Gas October 6, 2026 · Electricity July 2026
Charging an EV at home in Indiana costs the same per mile as buying gas at $1.36 a gallon. Regular gas averaged $3.72 on October 6, 2026, so 1,000 miles costs about $50 to charge and $138 in gas: roughly $88 a month back in your pocket, or $1,052 a year.
Indiana has 1 EV incentive still open (state, utility and charger money), last reviewed October 2026. See the Indiana incentives.
By city, utility by utility: Is an EV cheaper than gas in Indianapolis?
Indiana charges EV owners an extra $242/yr at registration, the state's answer to lost gas-tax revenue. Against the $1,052 a year you save on fuel at 12,000 miles, a fee of $242 takes 23%, leaving about $810 a year.
See every state's EV fee, ranked
Home electricity averages 16.7 cents per kWh (EIA, July 2026), 9% below the 18.3-cent national average. That makes Indiana the 29th cheapest of 51 places to charge at home (23rd most expensive).
The rate is up 3.4% from a year ago (16.2 to 16.7 cents). At today's rate, 12,000 miles a year costs about $602 to charge at home, the same per mile as a gas car that gets 74 mpg.
Regular gas averages $3.72 a gallon (AAA, October 6, 2026), 15% below the $4.37 national average, the 1st cheapest of 51. A 27 mpg car burns about 444 gallons over 12,000 miles, roughly $1,654 a year.
Gas would have to fall to about $1.36 a gallon before that car costs less per mile than charging at home in Indiana.
Same 1,000 miles a month, same car, each state's own prices. Indiana saves $88 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 Indiana, gas would have to fall below $1.36 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 Indiana'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 Indiana EV incentives, or see which EVs fit how you drive.
Indiana's average residential electricity rate is 16.7 cents per kWh (EIA, July 2026). A typical new EV uses about 30 kWh per 100 miles, so 100 miles costs about $5.02 and 1,000 miles costs about $50 when you charge at home.
Yes, to fuel. Charging at home costs the same per mile as gas at $1.36 a gallon. With regular gas at $3.72 a gallon (AAA, October 6, 2026), 1,000 miles in a 27 mpg gas car costs about $138, versus $50 for an EV. That is roughly $88 a month, or $1,052 a year.
About $1.36 a gallon. Below that price, a 27 mpg gas car costs less per mile than charging at home at Indiana's average rate. Gas is $3.72 today, so home charging currently costs about the same per mile as a gas car that gets 74 mpg.
Indiana adds an EV registration fee of $242/yr. It is the state's answer to lost gas-tax revenue, so include it when you compare yearly costs. Our Indiana 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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