How New Jersey compares
Ranked by yearly saving, New Jersey is 42nd of 51. Savings run from $66 in Hawaii to $1,276 in Louisiana. The saving here is $236 less than the $1,084 a driver saves at the U.S. average price.
Gas would have to fall below $2.35 a gallon, from $4.33 now, before charging an EV in New Jersey stopped saving money.
Public chargers averaged $0.42/kWh nationally on October 16, 2026, 1.7 times the home price here, so every mile charged in public cuts the saving. Charging only at home would raise it to $896 a year.
Two of its three neighbors save more: Delaware and Pennsylvania, led by Delaware at $1,078.
| State | Electricity | EV saving a year |
|---|---|---|
| Delaware | 18.48¢ | $1,078 |
| Pennsylvania | 21.72¢ | $967 |
| New Jersey | 25.19¢ | $848 |
| New York | 29.90¢ | $687 |
More for New Jersey
- Solar payback in New Jersey: a typical system pays back in 8.9 years.
- Heat pump vs gas in New Jersey: a heat pump costs $234 a year more.
What these numbers assume
- 12,000 miles a year.
- An EV that goes 3.5 miles per kWh, with 10% of home charging energy lost between the outlet and the battery.
- 10% of miles charged at public stations at $0.42/kWh, the AAA national average on October 16, 2026.
- A 28 mpg gas car, with regular gas at $4.33 a gallon, the national average on October 12, 2026 (EIA weekly retail price survey).
- Home electricity at the New Jersey average of 25.19¢/kWh.
Change any of them in the calculator above to match your own bills. The formulas are on the main EV vs gas calculator.
Sources
- Electricity price: EIA Electric Power Monthly, Table 5.6.A (July 2026 data).
- Gasoline: EIA weekly U.S. regular retail price, October 12, 2026.
- Public charging: AAA national average, October 16, 2026.
- Rankings: MeterMath calculation with the same inputs for all 50 states and DC.