EV vs Gas in New Jersey: Yearly Cost (2026)
An electric car in New Jersey costs about $1,354 a year to run, including the $270 state EV fee, compared with $1,725 of gas for a 30 mpg car – the EV saves about $371 a year (49 of 51 for EV savings).
12,000 mi/yr, 3.5 mi/kWh, 85% home charging at 25.19¢/kWh, gas $4.31/gal (Central Atlantic (PADD 1B) average). Change any number below.
New Jersey EV registration fee
| Battery-electric (BEV) | $270.00 / year |
| Plug-in hybrid (PHEV) | None |
Zero-emission vehicles only: $270 for July 2026–June 2027, then $280 and $290 in the next two years.
Source: www.ncsl.org, checked October 24, 2026.
Charging at home vs public chargers
Charging only at home, the EV would cost about $1,230 a year in New Jersey. Every 10% of miles moved to public fast chargers (about $0.48/kWh) adds roughly $83 a year. See the cost per charge for popular models in EV charging cost in New Jersey.
Nearby states
- New York: EV $1,237 vs gas $1,725 a year
- Pennsylvania: EV $1,222 vs gas $1,725 a year
Frequently asked questions
Is an EV cheaper than gas in New Jersey?
Yes. Driving 12,000 miles a year, an EV costs about $1,354 ($1,084 of electricity plus the $270 state EV fee) versus $1,725 of gas for a 30 mpg car – a difference of $371 a year.
How much is the EV registration fee in New Jersey?
$270.00 a year for a battery-electric vehicle; plug-in hybrids do not pay it, on top of normal registration. Zero-emission vehicles only: $270 for July 2026–June 2027, then $280 and $290 in the next two years.
What gas price makes an EV and a gas car cost the same in New Jersey?
About $3.38 a gallon for a 30 mpg car, counting charging and the EV fee. Gas is currently $4.31 (Central Atlantic (PADD 1B) average).
Electricity: EIA Electric Power Monthly (July 2026). Gasoline: EIA weekly retail prices, week of 2026-10-19. Estimates only; excludes purchase price, insurance and maintenance.