How rising gas prices are changing the math on owning an EV in California
Airfind news item
By Jessica Roy
Published on March 29, 2026.
The cost of owning an electric car in California has increased due to rising gas prices, making it nearly a dollar more expensive to fuel an electric vehicle. The cost of charging an electric cars has decreased due to factors such as the U.S. Energy Information Administration’s statewide average cost per kilowatt-hour (kWh) was down 3 cents compared to February 2025, and electric car efficiency has improved in recent years. The average used EV was listed at $34,821 in February, down 8.8% year over year. However, the average listing price for used non-EV cars (including fully gas-powered, hybrids, and plug-in hybrids) was only $1,334 less. Electric vehicles require less maintenance, but owners pay higher annual registration fees and about 20% more for insurance. Many of the government incentives for EVs have been discontinued, and California still offers some. The study also found that public charging stations can increase the cost of an electric device, which can cost up to a few thousand dollars to install at home.
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