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Con Edison EV Charging Cost Calculator (Residential Time-of-Use)

What charging an EV costs on Con Edison's time-of-use rate in New York City, and the 7-year cost of an electric car against a gas one.

Updated · By Niraj Kumar · 6 sources

The cars

$

Standard RWD starting price. Replace it with your quote.

$

Hybrid LE FWD, 44 mpg combined.

Where and how you charge

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0%100%

The rest is public fast charging. Most owners with a driveway charge 80-90% at home.

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0%100%

Con Edison Residential Time-of-Use: 13.5¢ a kWh, 10 pm to 8 am on weekdays, all weekend. The rest is priced at the state average.

¢/kWh

Blend of Residential Time-of-Use's off-peak and the state average. Enter the all-in rate from your bill to override.

¢/kWh

Driving

years
1 yr10 yrs
$per gallon

New York average for regular (AAA).

Fine-tune

%
0%10%
%
0%10%
%
0%8%

About 2% is typical; the loss slows after that. Hot climates and frequent fast charging push it up.

$

The federal credit ended for cars bought after 30 September 2025.

$

Set to 0 if you already have one or will use a standard outlet.

$
$

Assumed full coverage; replace both with quotes.

How you payHow you pay
Over 7 yearsGas saves $6,689The EV does not catch up within 7 years

The Tesla Model Y costs 5.9¢ a mile to charge, against 10.2¢ a mile in gas for the Toyota RAV4. Your charging plan saves about $383 a year against the New York average rate.

Tesla Model Y, total cost
$57,715
68.7¢ a mile, all in
Toyota RAV4, total cost
$51,026
60.7¢ a mile, all in
EV price premium repaid
Not in 7 yrs
from running savings, before resale
Battery at the end
92%
about 296 of 321 miles of range
CO₂ avoided
8.5 tonnes
at the US grid average
Cost of ownership if sold at the end of each yearTesla Model YToyota RAV4
$0$20 K$40 K$60 K$57.71 K$51.03 K1234567
Cash saved by choosing the EV, before resaleStill to recoverAhead
$-12.5 K$-10 K$-7.5 K$-5 K$-2.5 K$001234567
Where the money goes over 7 years
CostTesla Model YToyota RAV4
Purchase less resale$30,509$19,312
Charging or gas$5,366$9,104
Maintenance$5,040$7,560
Insurance$16,800$15,050
Total$57,715$51,026
Year-by-year costs and battery healthShow
YearChargingGasBatteryRangeEV cost to dateGas car cost to date
1$703$1,22598%313 mi$17,536$11,964
2$725$1,24996%310 mi$26,181$19,314
3$746$1,27495%306 mi$33,645$26,051
4$766$1,29995%304 mi$40,331$32,494
5$787$1,32594%301 mi$46,237$38,645
6$808$1,35293%298 mi$52,165$44,822
7$830$1,37992%296 mi$57,715$51,026

How the Con Edison EV Charging Cost Calculator (Residential Time-of-Use) works

TCO = Price × (1 + tax) − rebates + charger + Σ₍y₎ [energy₍y₎ + maintenance + insurance + fees] + interest − resale₍N₎

This page uses the same method as the EV vs Gas Total Cost of Ownership Calculator, which explains each term and assumption in full.

Worked example

A Tesla Model Y Standard RWD ($39,990) against a Toyota RAV4 Hybrid LE FWD ($31,900) in New York on Con Edison Residential Time-of-Use, driven 12,000 miles a year for 7 years, paid in cash, charging 80% at home.

  1. 1Home electricity costs about 15.1¢ a kWh, mostly in Con Edison's 10 pm to 8 am on weekdays, all weekend window; with 20% fast charging at 48.0¢ the blend is 21.7¢
  2. 2At 27 kWh/100 mi the Tesla Model Y costs 5.9¢ a mile; at 44 mpg and $4.49 a gallon the Toyota RAV4 costs 10.2¢ a mile
  3. 3Buying costs $44,905 for the EV with tax and a home charger, against $34,624
  4. 4After 7 years the battery keeps about 92% of its capacity, and the cars would sell for about $14,396 and $15,312

Over 7 years the Tesla Model Y costs $57,715 to own and the Toyota RAV4 $51,026, so the gas car comes out $6,689 cheaper at these assumptions.

Frequently asked questions

How much does it cost to charge an EV on Con Edison Residential Time-of-Use?

About 13.5¢ a kWh in the 10 pm to 8 am on weekdays, all weekend window, against 32.0¢ at peak. Charging 90% of the time off-peak works out to about 15.1¢ a kWh, or 4.1¢ a mile for an EV using 27 kWh per 100 miles, against 8.1¢ at the state's average rate. Check the current tariff on your bill, as rates change during the year.

When is Con Edison's off-peak window?

From 10 pm to 8 am on weekdays and all day at weekends. Con Edison's time-of-use rate prices those hours well below its standard rate and the rest higher, most of all on summer weekdays, so an EV set to charge overnight gains the most.

What does a year of EV charging cost on Con Edison Residential Time-of-Use?

A Tesla Model Y driven 12,000 miles a year, charged 80% at home with most of it in the 10 pm to 8 am on weekdays, all weekend window, costs about $703 a year in electricity, blending 15.1¢ a kWh at home with fast charging. At New York's average residential rate of 29.9¢ it would be about $1,086. The same miles in a Toyota RAV4 cost about $1,225 in gas.

Sources

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