Rates updated July 2026 · Source: U.S. Energy Information Administration
Homes in New Jersey pay an average of 25.19¢ per kWh for electricity, 38% above the national average of 18.31¢. That makes New Jersey one of the most expensive states to charge an EV at home.
At that rate, driving 1,000 miles a month costs between $61 (Tesla Model 3) and $122 (Ford F-150 Lightning) when you charge at home on Level 2. A Tesla Model Y saves about $81 a month compared with buying gas at $4.00 a gallon.
Calculate your own cost in New Jersey
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 New Jersey
| Model | Full charge | Per mile | Per 1,000 mi | Saved vs gas |
|---|---|---|---|---|
| Tesla Model Y | $22.11 | 6.2¢ | $62 | $81 |
| Tesla Model 3 | $22.11 | 6.1¢ | $61 | $82 |
| Hyundai IONIQ 5 | $23.51 | 7.4¢ | $74 | $69 |
| Toyota bZ | $20.91 | 6.7¢ | $67 | $76 |
| Chevrolet Equinox EV | $23.79 | 7.5¢ | $75 | $68 |
| Ford Mustang Mach-E | $25.47 | 8.5¢ | $85 | $58 |
| Honda Prologue | $23.79 | 7.7¢ | $77 | $66 |
| Lexus RZ | $21.55 | 7.2¢ | $72 | $71 |
| Cadillac LYRIQ | $28.55 | 8.8¢ | $88 | $55 |
| Kia EV6 | $23.51 | 7.4¢ | $74 | $69 |
| Kia EV9 | $27.93 | 9.2¢ | $92 | $51 |
| Hyundai IONIQ 9 | $30.79 | 9.2¢ | $92 | $51 |
| Nissan LEAF | $20.99 | 6.9¢ | $69 | $74 |
| Volkswagen ID.4 | $22.95 | 7.9¢ | $79 | $64 |
| Chevrolet Bolt | $18.19 | 6.9¢ | $69 | $73 |
| Ford F-150 Lightning | $36.67 | 12.2¢ | $122 | $21 |
| Tesla Cybertruck | $34.43 | 10.3¢ | $103 | $40 |
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 New Jersey 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: Vermont (23.75¢), Connecticut (24.16¢), New Hampshire (26.60¢), Rhode Island (28.29¢). See all 50 states.
Frequently asked questions
How much does it cost to charge an EV in New Jersey?
At the New Jersey average residential rate of 25.19¢/kWh, a full charge costs about $22.11 for a Tesla Model Y and $23.79 for a Chevrolet Equinox EV, including typical Level 2 charging losses.
Is it cheaper to charge an EV than buy gas in New Jersey?
For 1,000 miles a month, a Tesla Model Y costs about $62 in electricity versus about $143 in gas for a 28-mpg car at $4.00 a gallon.
How does New Jersey compare with other states?
New Jersey ranks #42 of 50 states for residential electricity price (1 = cheapest), at 38% above the national average.