Rates updated July 2026 · Source: U.S. Energy Information Administration
Homes in Colorado pay an average of 17.00¢ per kWh for electricity, 7% below the national average of 18.31¢. That makes Colorado in the middle of the pack for EV charging costs.
At that rate, driving 1,000 miles a month costs between $41 (Tesla Model 3) and $82 (Ford F-150 Lightning) when you charge at home on Level 2. A Tesla Model Y saves about $101 a month compared with buying gas at $4.00 a gallon.
Calculate your own cost in Colorado
Enter the rate from your own bill for the most accurate number. Utility rates within a state can differ widely from the average.
Assumes Level 2 home charging at 90% efficiency and EPA-rated range. Electricity rates: EIA residential averages, July 2026.
Cost to charge popular EVs in Colorado
| Model | Full charge | Per mile | Per 1,000 mi | Saved vs gas |
|---|---|---|---|---|
| Tesla Model Y | $14.92 | 4.2¢ | $42 | $101 |
| Tesla Model 3 | $14.92 | 4.1¢ | $41 | $102 |
| Hyundai IONIQ 5 | $15.87 | 5.0¢ | $50 | $93 |
| Toyota bZ | $14.11 | 4.5¢ | $45 | $98 |
| Chevrolet Equinox EV | $16.06 | 5.0¢ | $50 | $93 |
| Ford Mustang Mach-E | $17.19 | 5.7¢ | $57 | $86 |
| Honda Prologue | $16.06 | 5.2¢ | $52 | $91 |
| Lexus RZ | $14.54 | 4.8¢ | $48 | $95 |
| Cadillac LYRIQ | $19.27 | 5.9¢ | $59 | $84 |
| Kia EV6 | $15.87 | 5.0¢ | $50 | $93 |
| Kia EV9 | $18.85 | 6.2¢ | $62 | $81 |
| Hyundai IONIQ 9 | $20.78 | 6.2¢ | $62 | $81 |
| Nissan LEAF | $14.17 | 4.7¢ | $47 | $96 |
| Volkswagen ID.4 | $15.49 | 5.3¢ | $53 | $90 |
| Chevrolet Bolt | $12.28 | 4.7¢ | $47 | $96 |
| Ford F-150 Lightning | $24.74 | 8.2¢ | $82 | $60 |
| Tesla Cybertruck | $23.23 | 6.9¢ | $69 | $74 |
Full charge = 0 to 100% of usable battery at 90% charging efficiency. Most owners charge from about 20% to 80%, which costs roughly 60% of the full-charge figure.
How to pay less than the Colorado average
- Ask your utility about an EV or time-of-use plan. Off-peak overnight rates are often far below the average. Our time-of-use savings calculator shows what that's worth.
- Schedule charging in your car's app or charger app so it starts after peak hours end.
- Check for charger rebates from your utility before you buy hardware. Many utilities offer them even though the federal charger credit has ended.
- Charge at home, not on fast chargers. Public DC fast charging averages around 41¢/kWh, more than double most home rates.
Nearby rates
States with similar electricity prices: Alabama (16.40¢), Indiana (16.73¢), Minnesota (17.45¢), Virginia (17.55¢). See all 50 states.
Frequently asked questions
How much does it cost to charge an EV in Colorado?
At the Colorado average residential rate of 17.00¢/kWh, a full charge costs about $14.92 for a Tesla Model Y and $16.06 for a Chevrolet Equinox EV, including typical Level 2 charging losses.
Is it cheaper to charge an EV than buy gas in Colorado?
For 1,000 miles a month, a Tesla Model Y costs about $42 in electricity versus about $143 in gas for a 28-mpg car at $4.00 a gallon.
How does Colorado compare with other states?
Colorado ranks #30 of 50 states for residential electricity price (1 = cheapest), at 7% below the national average.