EV Charging Cost Estimator in Colorado
Calculate EV charging costs in Colorado at home and on the go. Compare charging vs gas costs using local electricity rates ($0.148/kWh) and gas prices.
What Colorado Residents Should Know
Home charging is where EV owners in Colorado see the biggest savings. At the state average of $0.148 per kWh, a Level 2 home charger costs roughly $0.04 per mile. Compare that to $0.10 per mile for a 30-mpg gas car fueled at $3.10 per gallon, and you are looking at roughly $59 in monthly savings if you drive about 1,000 miles.
Colorado utilities with time-of-use plans offer off-peak rates as low as $0.090 per kWh. Scheduling your charge for overnight hours drops the cost to just $0.03 per mile. Public DC fast chargers, on the other hand, typically cost $0.30–$0.50 per kWh and should be reserved for road trips rather than everyday charging to keep costs down.
Colorado households currently pay an average of $115 per month for electricity. Adding an EV to the household typically raises the bill by $44–$59 per month (for 1,000–1,300 miles of driving), which is still far less than the $102–$133 per month you would spend on gasoline for the same distance. Use the calculator above to enter your exact driving habits and see how much you could save.
Avg. Electricity Rate
$0.148/kWh
Avg. monthly bill: $115
Regular Gas Price
$3.10/gal
Natural gas: $0.95/therm
TOU Peak Rate
$0.220/kWh
Off-peak: $0.090/kWh
Available Incentives in Colorado
| Incentive | Type | Amount | Description |
|---|---|---|---|
| New Clean Vehicle Tax Credit (30D) | tax credit | $7,500 | Tax credit for purchasing a new qualifying electric vehicle. Vehicle must be assembled in North America and meet battery component and critical mineral requirements. Credit is split into $3,750 for battery components and $3,750 for critical minerals. |
| Used Clean Vehicle Tax Credit (25E) | tax credit | 30% | Tax credit for purchasing a qualifying used electric vehicle from a licensed dealer. Vehicle must be at least 2 model years old and priced at $25,000 or less. Credit is 30% of the sale price, up to $4,000. |
| Colorado EV Tax Credit | tax credit | $5,000 | State income tax credit for new EV purchases. Credit amount is $5,000 for vehicles with MSRP under $80,000. |
Run the EV Charging Cost Calculator
Use our free calculator pre-filled with Colorado data to see your personalized results.
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