Is an EV Cheaper Than Gas in Rhode Island? (2026)

Yes. An EV is roughly 1.6× cheaper per mile than a comparable gas car in Rhode Island.

EV cost
9.1¢/mi
32.0¢/kWh ÷ 3.5 mi/kWh
Gas cost
14.8¢/mi
$4.13/gal ÷ 28 mpg

Annual fuel cost at 12,000 mi/year

EV (charging at home)$1,097
Gas car (28 mpg sedan)$1,770
EV savings$673/yr

Over 5 years that's $3,364 in fuel savings — before factoring in oil changes, brake wear, or EV tax credits.

How we calculated this

We use Rhode Island's average residential electricity rate of 32.0¢/kWh (averaged across major utility EV plans) and the current statewide average gas price of $4.13/gallon from the U.S. Energy Information Administration's PADD data.

The reference EV gets 3.5 mi/kWh — typical for a Tesla Model 3, Hyundai Ioniq 6, or Chevy Equinox EV. The reference gas car gets 28 mpg combined — typical for a Toyota Camry, Honda CR-V, or Ford Escape.

Charging at public DC fast chargers costs 2–4× more than charging at home. If you can't charge at home in Rhode Island, the math changes — see our home vs public charging guide for the breakdown.

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