Indiana EV vs gas · Gas October 12, 2026 · Electricity rates 2025
Yes, by a lot. On AES Indiana's average home rate, charging an EV costs the same per mile as gas at $1.19 a gallon. Gas in the Indianapolis metro averaged $3.94 on October 12, 2026, so 1,000 miles a month costs about $44 to charge versus $146 in gas: roughly $102 a month back.
Your electric utility sets what charging costs, so here are the numbers for each one serving Indianapolis.
Serves most of Indianapolis (Marion County)
Average home rate 14.7 cents per kWh (2025). Charging costs the same per mile as gas at $1.19 a gallon: about $44 for 1,000 miles versus $146 in gas.
Serves many surrounding suburbs, including much of Hamilton County
Average home rate 15.0 cents per kWh (2025). Charging costs the same per mile as gas at $1.21 a gallon: about $45 for 1,000 miles versus $146 in gas.
We found no current EV rebate or charging credit from Duke Energy Indiana in our latest review of Indiana programs.
Some outlying areas buy power from a rural electric co-op (REMC) or a city-owned utility instead, at their own rates.
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 Indianapolis, gas would have to fall below $1.19 a gallon.
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Indiana charges EV owners an extra $242/yr at registration ($81/yr for plug-in hybrids). Even after that, charging on AES Indiana leaves about $979 a year in your favor at 12,000 miles.
Indiana has no state EV help and a $242/yr EV fee for 2026 that rises with inflation. AES Indiana customers can collect up to $250 in year-one charging rewards.
Indiana EV incentives · EV fees by 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 each utility's average residential rate, which includes its fixed monthly charges. An overnight or EV rate is often cheaper than that average, and public fast charging costs much more. Treat this as the honest average, not your bill.
Sources: EIA Form 861, 2025 (each utility’s residential revenue divided by residential sales), AAA metro gas price averages (regular unleaded), October 12, 2026
Use the savings calculator or see which EVs fit how you drive.
Yes. Charging at home on AES Indiana (14.7 cents per kWh, 2025) costs about $44 per 1,000 miles. The same miles in a 27 mpg car cost about $146 at the $3.94 Indianapolis gas average on October 12, 2026. Indiana's $242/yr EV fee still leaves about $979 a year in your favor.
About $1.19 to $1.21 a gallon, depending on your utility: $1.19 on AES Indiana and $1.21 on Duke Energy Indiana. That is what a 27 mpg car would need to pay to match the cost per mile of charging at home.
At home, about $44 per 1,000 miles on AES Indiana (14.7 cents per kWh) or $45 per 1,000 miles on Duke Energy Indiana (15.0 cents per kWh), for a typical EV that uses 30 kWh per 100 miles. Public fast charging costs much more per kWh than home charging, so these numbers assume you charge at home most of the time.
Indiana has no state EV purchase rebate right now, but utilities here add their own: AES Indiana: Managed Charging Rewards or Off-Peak Rewards (up to ~$250 year one). Check the utility's page before you buy; programs fill up and change.
Thinking of buying? Run any dealer quote through the free Deal-Checker before you sign.