Indiana

Gas vs. electric driving costs · adjust vehicle and price period below

2018Jan '26May '26
201820192020202120222023202420252026
⚡ Electric wins
$297/yr
at 12k mi/yr
⛽ Gas · $2.81/gal
7.4¢/mi
⚡ Elec · 16.2¢/kWh
4.9¢/mi

Why is it like this in Indiana?

Indiana residential electricity bills jumped 17.5% — about $28/month — in a single year, the largest year-over-year increase in two decades, and the state utility commission launched a formal investigation in early 2026. At about 17.4¢/kWh, Indiana sits above the level where electricity clearly beats gasoline for a typical PHEV, Despite the rate spike, electricity is still clearly the cheaper per-mile option at the January 2026 baseline — though continued upward rate pressure from data center growth is steadily narrowing that advantage.

In the news · Indiana

Curated coverage of Indiana's EV/PHEV cost, policy, and infrastructure story. External links open in a new tab.

Midwest region comparison

State Electric ¢/mi Gas ¢/mi Cheaper Annual diff
North Dakota 3.3¢ 6.6¢ ⚡ Electric $400/yr
Nebraska 3.6¢ 6.7¢ ⚡ Electric $377/yr
Missouri 3.6¢ 6.5¢ ⚡ Electric $350/yr
South Dakota 4.1¢ 6.8¢ ⚡ Electric $325/yr
Illinois 5.0¢ 7.6¢ ⚡ Electric $320/yr
Iowa 3.9¢ 6.5¢ ⚡ Electric $316/yr
Indiana 4.9¢ 7.4¢ ⚡ Electric $297/yr
Minnesota 4.5¢ 6.9¢ ⚡ Electric $285/yr
Kansas 4.3¢ 6.4¢ ⚡ Electric $247/yr
Ohio 5.3¢ 7.2¢ ⚡ Electric $224/yr
Michigan 5.9¢ 7.8¢ ⚡ Electric $221/yr
Wisconsin 5.5¢ 6.5¢ ⚡ Electric $122/yr