Charging at Home = Big Savings
Across hundreds of real-world experiences, one point comes through loud and clear: home charging is the key to saving money with an EV.
Many EV drivers reported charging at night for under $0.10 per kWh, especially with time-of-use utility plans. At those rates, the cost per mile drops as low as $0.03–$0.05, far cheaper than gas, especially if you’re coming from a full-size truck or SUV.
Even in states with higher electricity prices like Massachusetts and Connecticut, users found that off-peak home charging still beat gas prices — particularly when compared to premium-fuel vehicles.
Work Chargers Help — If They’re Free or Affordable
Charging at work? That’s a wildcard. If it’s free or under $0.30/kWh, it can still be cost-effective. Several EV users emphasized checking workplace charging rates before switching. A few even mentioned free chargers at public buildings or parks, which helped reduce monthly costs.
But if work charging is expensive or unreliable, and you don’t have home access, the economics shift fast. Public DC fast chargers can range from $0.35 to $0.60 per kWh, making the cost per mile close to — or higher than — a fuel-efficient hybrid.
Hybrids Still Make Sense for Many
Many users shared that hybrids or plug-in hybrids (PHEVs) offer a strong middle ground — especially when home charging isn’t an option. A hybrid RAV4 or Sorento, for example, delivers real-world savings without the range anxiety or charging setup. Some also noted that used PHEVs can still qualify for local incentives.
It’s Not Just About Fuel
EV drivers also pointed to lower maintenance costs: no oil changes, fewer brake replacements (thanks to regen braking), and fewer moving parts overall. Some noted EV tires wear faster, but even factoring that in, annual service costs often drop by $500–$2,000.
Insurance and registration fees vary, so it’s smart to calculate your own total cost of ownership. Tools like PlugShare and fueleconomy.gov came highly recommended.
Bottom Line
If you can charge at home — or have reliable, affordable charging at work — switching from a gas truck or SUV to an EV can deliver major monthly savings.
But even if not, EVs still offer advantages in comfort, maintenance, and long-term value.
