#1 1
2025 Lucid Air
$500/yr EPA fuel cost · 512 mi range
Among the cheapest EVs in America to run — about $42/month in electricity at EPA estimates.
Full specs →Database / Cost by state / Colorado
Electric cars in Colorado
Cheap power (17.13¢/kWh) plus the nation's most generous state EV tax credit. These efficient EVs stack both advantages.
Colorado charging snapshot
Residential electricity: 17.13¢/kWh (29 cheapest of 51) → $58 per 1,000 miles in a median-efficiency EV.
For comparison, a 30-mpg gas car at $3.20/gal costs $106.67 per 1,000 miles. In Colorado, the EV costs $58 — $48 less. EIA June 2026 residential average; EV at 34 kWh/100 mi.
Residential electricity: 17.13¢/kWh (29 cheapest of 51) → $58 per 1,000 miles in a median-efficiency EV.
For comparison, a 30-mpg gas car at $3.20/gal costs $106.67 per 1,000 miles. In Colorado, the EV costs $58 — $48 less. EIA June 2026 residential average; EV at 34 kWh/100 mi.
Colorado EV incentives
Innovative Motor Vehicle Tax Credit (state EV tax credit)
$750 base + additional $2,500 for MSRP under $35,000 (max $3,250)
$750 base + additional $2,500 for MSRP under $35,000 (max $3,250)
Colorado taxpayers; vehicle titled and registered in Colorado; MSRP up to $80,000; lease term at least 2 years; additional $2,500 credit requires MSRP under $35,000. Note: credit rises to $2,000 base (MSRP up to $50,000)…
Vehicle Exchange Colorado (VXC)
up to $9,000 new / up to $6,000 used
up to $9,000 new / up to $6,000 used
Income-qualified: household below 80% of county Area Median Income OR enrolled in qualifying assistance program (Medicaid, SNAP, SSI, LEAP, WIC, SSDI, etc.). Must trade in an eligible old/high-emitting vehicle: operation…
Programs change — confirm current rules with the program administrator before buying. Federal EV tax credits ended Sept 30, 2025.
Cheapest EVs to run in Colorado
#2 2
2025 Hyundai Ioniq 6
$550/yr EPA fuel cost · 342 mi range
Among the cheapest EVs in America to run — about $46/month in electricity at EPA estimates.
Full specs →#3 3
2026 Tesla Model 3
$550/yr EPA fuel cost · 363 mi range
Among the cheapest EVs in America to run — about $46/month in electricity at EPA estimates.
Full specs →#4 4
2026 Tesla Model Y
$550/yr EPA fuel cost · 357 mi range
Among the cheapest EVs in America to run — about $46/month in electricity at EPA estimates.
Full specs →#5 5
2026 Toyota bZ
$550/yr EPA fuel cost · 314 mi range
Among the cheapest EVs in America to run — about $46/month in electricity at EPA estimates.
Full specs →Questions, answered
How much does it cost to charge an EV in Colorado?
About $58 per 1,000 miles at the EIA residential average of 17.13¢/kWh (median EV efficiency, June 2026).
Does Colorado have an EV rebate?
See the programs above. Yes — listed with amounts and eligibility.
What is the best EV for Colorado?
The 2025 Lucid Air: $500/yr EPA fuel cost, the lowest of any EV we track.
Other states: California · Texas · Florida · Washington · New York · New Jersey · Illinois · Massachusetts · Virginia
Electricity: EIA Electric Power Monthly, June 2026 residential average (preliminary). Incentives verified October 2026.