Maryland EV vs gas · Gas October 12, 2026 · Electricity rates 2025
Yes, by a lot. On BGE's average home rate, charging an EV costs the same per mile as gas at $1.64 a gallon. Gas in the Baltimore metro averaged $4.26 on October 12, 2026, so 1,000 miles a month costs about $61 to charge versus $158 in gas: roughly $97 a month back.
What you pay for power sets what charging costs. Here are the numbers for Baltimore.
Serves Baltimore and most of central Maryland
Average home rate 20.2 cents per kWh (2025). Charging costs the same per mile as gas at $1.64 a gallon: about $61 for 1,000 miles versus $158 in gas.
Some homes buy the power itself from a supplier; this is BGE's own rate.
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 Baltimore, gas would have to fall below $1.64 a gallon.
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Maryland charges EV owners an extra $125/yr at registration ($100/yr for plug-in hybrids). Even after that, charging on BGE leaves about $1,041 a year in your favor at 12,000 miles.
Maryland's $3,000 EV credit has FY27 money again, but only $2.2M was left Oct 1 and it ends June 2027. MEA pays 50% of a home charger, up to $700. Fee: $125/yr.
Maryland 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
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Yes. Charging at home on BGE (20.2 cents per kWh, 2025) costs about $61 per 1,000 miles. The same miles in a 27 mpg car cost about $158 at the $4.26 Baltimore gas average on October 12, 2026. Maryland's $125/yr EV fee still leaves about $1,041 a year in your favor.
About $1.64 a gallon. That is what a 27 mpg car would need to pay to match the cost per mile of charging at home on BGE.
At home, about $61 per 1,000 miles on BGE (20.2 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.
Maryland has state EV money open right now (see the Maryland guide), and utilities here add their own: BGE EVsmart (up to $120/yr). 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.