All states · Gas October 6, 2026 · Electricity July 2026
Charging an EV at home in Minnesota costs the same per mile as buying gas at $1.41 a gallon. Regular gas averaged $4.30 on October 6, 2026, so 1,000 miles costs about $52 to charge and $159 in gas: roughly $107 a month back in your pocket, or $1,281 a year.
Minnesota has 1 EV incentive still open (state, utility and charger money), last reviewed October 2026. See the Minnesota incentives.
By city, utility by utility: Is an EV cheaper than gas in Minneapolis?
Home electricity averages 17.4 cents per kWh (EIA, July 2026), 5% below the 18.3-cent national average. That makes Minnesota the 31st cheapest of 51 places to charge at home (21st most expensive).
The rate is up 3.1% from a year ago (16.9 to 17.4 cents). At today's rate, 12,000 miles a year costs about $628 to charge at home, the same per mile as a gas car that gets 82 mpg.
Regular gas averages $4.30 a gallon (AAA, October 6, 2026), about the same as the $4.37 national average, the 28th cheapest of 51. A 27 mpg car burns about 444 gallons over 12,000 miles, roughly $1,909 a year.
Gas would have to fall to about $1.41 a gallon before that car costs less per mile than charging at home in Minnesota.
Minnesota charges EV owners an extra $150+/yr (MSRP-based) at registration, the state's answer to lost gas-tax revenue. Against the $1,281 a year you save on fuel at 12,000 miles, a fee of at least $150 takes roughly 12%, leaving about $1,131 a year. Coming: Floors drop to $100 (PHEV $50) for registrations from July 1, 2027.
See every state's EV fee, ranked
Same 1,000 miles a month, same car, each state's own prices. Minnesota saves $107 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 Minnesota, gas would have to fall below $1.41 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 Minnesota'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 Minnesota EV incentives, or see which EVs fit how you drive.
Minnesota's average residential electricity rate is 17.4 cents per kWh (EIA, July 2026). A typical new EV uses about 30 kWh per 100 miles, so 100 miles costs about $5.23 and 1,000 miles costs about $52 when you charge at home.
Yes, to fuel. Charging at home costs the same per mile as gas at $1.41 a gallon. With regular gas at $4.30 a gallon (AAA, October 6, 2026), 1,000 miles in a 27 mpg gas car costs about $159, versus $52 for an EV. That is roughly $107 a month, or $1,281 a year.
About $1.41 a gallon. Below that price, a 27 mpg gas car costs less per mile than charging at home at Minnesota's average rate. Gas is $4.30 today, so home charging currently costs about the same per mile as a gas car that gets 82 mpg.
Minnesota adds an EV registration fee of $150+/yr (MSRP-based). It is the state's answer to lost gas-tax revenue, so include it when you compare yearly costs. Our Minnesota 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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