EV owner guide · Michigan City Ford · Michigan City, IN
How Much Does It Cost to Charge an Electric Car?
What an EV costs to charge comes down to two numbers: how much electricity the vehicle uses and what you pay for it. Here is the formula from the U.S. Department of Energy's Alternative Fuels Data Center (AFDC), Indiana's latest average electricity price from the U.S. Energy Information Administration (EIA), and worked examples for the 2026 Ford Mustang Mach-E from fueleconomy.gov.

The short answer
Cost per 100 miles = kWh per 100 miles x price per kWh. At Indiana's August 2026 average residential electricity price of 17.02 cents per kWh (EIA, preliminary), an EV that uses 31 kWh per 100 miles costs about $5.28 per 100 miles to charge at home, and a full charge of a depleted 54 kWh battery costs about $9.19. Your cost depends on your utility rate, the time of day you charge and the vehicle.
The formula: kWh per 100 miles x price per kWh
The AFDC says the fuel efficiency of an EV may be measured in kilowatt-hours (kWh) per 100 miles. To calculate the cost per mile, you need to know the cost of electricity (in dollars per kWh) and how much electricity the vehicle uses to travel 100 miles.
The AFDC example: if electricity costs 10.7 cents per kWh and the vehicle consumes 27 kWh to travel 100 miles, the cost per mile is about 3 cents.
Where to find the numbers: fueleconomy.gov lists the kWh per 100 miles figure for electric vehicles, such as the 2026 Mustang Mach-E versions below. Your own price per kWh depends on your utility and plan.
Formula and example from the AFDC Charging Electric Vehicles at Home page; kWh per 100 miles listings from fueleconomy.gov; read November 9, 2026.
Indiana electricity prices
The EIA publishes the average price of electricity to residential customers by state each month:
| Area | August 2026 (cents per kWh) | August 2025 (cents per kWh) | Cost per 100 miles at 31 kWh (Aug. 2026) |
|---|---|---|---|
| Indiana (residential) | 17.02 | 16.21 | $5.28 |
| U.S. total (residential) | 18.16 | 17.57 | $5.63 |
From EIA Electric Power Monthly Table 5.6.A (data for August 2026, released October 23, 2026), read November 9, 2026. The EIA says values for 2026 are preliminary estimates; values for 2025 are final. Cost per 100 miles is our arithmetic: 31 kWh x the average price. Your own rate depends on your utility and plan.
2026 Ford Mustang Mach-E: what it costs to charge
Fueleconomy.gov lists how much electricity each 2026 Mustang Mach-E version uses and estimates its annual fuel cost. The last column applies Indiana's August 2026 average residential price:
| 2026 version (as listed) | kWh per 100 miles | Annual fuel cost (fueleconomy.gov) | Per 100 miles at 17.02 cents/kWh |
|---|---|---|---|
| Mustang Mach-E RWD | 31 kWh | $700 | $5.28 |
| Mustang Mach-E RWD Extended | 31 kWh | $700 | $5.28 |
| Mustang Mach-E AWD | 34 kWh | $750 | $5.79 |
| Mustang Mach-E AWD Extended | 32 kWh | $750 | $5.45 |
| Mustang Mach-E GT | 37 kWh | $850 | $6.30 |
| Mustang Mach-E Rally | 40 kWh | $900 | $6.81 |
kWh per 100 miles and annual fuel cost from the 2026 Ford Mustang Mach-E records on fueleconomy.gov (U.S. DOE/EPA) (records 50200 to 50205), read November 9, 2026. Fueleconomy.gov bases annual fuel cost on 45% highway and 55% city driving, 15,000 annual miles and current fuel prices; its current electricity price is 15 cents per kWh. It lists a cost to drive 25 miles of $1.15 to $1.51 for these versions. The last column is our arithmetic using the EIA price above.
What a full charge costs
The AFDC gives this example: if electricity costs 10.7 cents per kWh, charging an EV with a 200-mile range (assuming a fully depleted 54 kWh battery) will cost about $6 to reach a full charge.
The same 54 kWh at Indiana's August 2026 average residential price of 17.02 cents per kWh works out to about $9.19. A charge that starts from a partly charged battery needs fewer kWh, so it costs less than a full charge from empty.
Example from the AFDC Charging Electric Vehicles at Home page, read November 9, 2026; the Indiana figure is our arithmetic using the EIA price above.
What changes your charging cost
Your rate and when you charge: the AFDC says actual residential electricity costs depend on the type of equipment installed, as well as the time of day and length of time the charging station is used. Some utilities offer residential time-of-use rates or other rate incentives for charging infrastructure owners.
The vehicle: a lower kWh per 100 miles figure means less electricity, and so a lower cost, for the same distance. The AFDC says today's light-duty all-electric vehicles can drive 100 miles consuming only 25 to 40 kWh, depending on how they are driven.
Comparing with gas: the AFDC says energy costs for EVs are generally lower than for similar conventional vehicles, though purchase prices can be significantly higher. Its Vehicle Cost Calculator compares the fueling costs of individual models of conventional and electric vehicles.
From the AFDC Charging Electric Vehicles at Home and Electric Vehicle Benefits and Considerations pages, read November 9, 2026.
EV and plug-in hybrid service at Michigan City Ford
Bring your EV or plug-in hybrid to the Michigan City Ford service team.
Schedule service online and see our service specials first. Michigan City Ford is at 3930 Franklin St. in Michigan City. Get directions.
Michigan City Ford service hours
| Days | Hours |
|---|---|
| Mon-Fri | 7:30 a.m.-5:30 p.m. |
| Sat | 8 a.m.-3 p.m. |
| Sun | closed |
From Michigan City Ford's website, November 9, 2026. Holiday hours can differ.
EV charging cost FAQ
How much does it cost to charge an electric car?
Multiply the electricity the vehicle uses by your electricity price. The AFDC example: at 10.7 cents per kWh, an EV that uses 27 kWh to travel 100 miles costs about 3 cents per mile, and fully charging a depleted 54 kWh battery costs about $6. At Indiana's August 2026 average residential price of 17.02 cents per kWh (EIA, preliminary), the same 54 kWh full charge works out to about $9.19.
How do I calculate the cost per mile of an EV?
The AFDC says you need two numbers: the cost of electricity in dollars per kWh and the vehicle's efficiency in kWh per 100 miles. Multiply them to get the cost per 100 miles, then divide by 100 for the cost per mile. Fueleconomy.gov lists the kWh per 100 miles figure for electric vehicles.
What is the average electricity price in Indiana?
The EIA lists Indiana's average residential electricity price at 17.02 cents per kWh for August 2026, up from 16.21 cents in August 2025. The U.S. average residential price was 18.16 cents. 2026 values are preliminary estimates, and your own rate depends on your utility and plan.
How much does it cost to charge a Ford Mustang Mach-E?
Fueleconomy.gov estimates an annual fuel cost of $700 to $900 for the 2026 Mustang Mach-E versions, based on 15,000 miles a year (55% city, 45% highway) and current fuel prices, and lists a cost to drive 25 miles of $1.15 to $1.51. At Indiana's August 2026 average residential price, the 31 to 40 kWh per 100 miles the 2026 versions use works out to about $5.28 to $6.81 per 100 miles.
What affects the cost of charging at home?
The AFDC says actual residential electricity costs depend on the type of equipment installed, the time of day, and how long the charging station is used, and that some utilities offer residential time-of-use rates or other rate incentives for charging infrastructure owners. Ask your utility which plans are available.
Do EVs cost less to fuel than gas vehicles?
The AFDC says energy costs for EVs are generally lower than for similar conventional vehicles, although purchase prices can be significantly higher. It also says EVs can reduce fuel costs dramatically because of the high efficiency of electric-drive components. Its Vehicle Cost Calculator compares the costs of individual models.
How many kWh does an EV use per 100 miles?
The AFDC says today's light-duty all-electric vehicles, or plug-in hybrids in electric mode, can drive 100 miles consuming only 25 to 40 kWh, depending on how they are driven. The 2026 Mustang Mach-E versions are listed at 31 to 40 kWh per 100 miles on fueleconomy.gov.
Questions about your EV?
Schedule service with the Michigan City Ford team, or stop by and see us.
Sources
The cost formula, the 10.7-cent and 54 kWh examples, the factors that change home charging cost, the 25 to 40 kWh per 100 miles range and the EV versus conventional cost comparison are from the U.S. Department of Energy's Alternative Fuels Data Center, read November 9, 2026. Indiana and U.S. electricity prices are from the U.S. Energy Information Administration, read the same day. Mustang Mach-E electricity use, annual fuel cost, cost to drive 25 miles and the current electricity price are from fueleconomy.gov, administered for the U.S. Department of Energy and the EPA. Per-100-mile and full-charge figures at the Indiana price are our arithmetic. Address and hours are from Michigan City Ford's own website.
- Alternative Fuels Data Center: Charging Electric Vehicles at Home (Electricity Costs for Charging), U.S. Department of Energy Alternative Fuels Data Center (AFDC), read November 9, 2026
- Alternative Fuels Data Center: Electric Vehicle Benefits and Considerations, U.S. Department of Energy Alternative Fuels Data Center (AFDC), read November 9, 2026
- Electric Power Monthly, Table 5.6.A: Average Price of Electricity to Ultimate Customers by End-Use Sector, by State (August 2026, released October 23, 2026), U.S. Energy Information Administration (EIA), read November 9, 2026
- 2026 Ford Mustang Mach-E RWD, RWD Extended, AWD and AWD Extended: kWh per 100 miles, annual fuel cost, cost to drive 25 miles (records 50204, 50205, 50200, 50201), fueleconomy.gov (U.S. DOE/EPA), read November 9, 2026
- 2026 Ford Mustang Mach-E GT and Rally: kWh per 100 miles, annual fuel cost, cost to drive 25 miles (records 50202, 50203), fueleconomy.gov (U.S. DOE/EPA), read November 9, 2026
- fueleconomy.gov current fuel prices (electricity per kWh), fueleconomy.gov (U.S. DOE/EPA), read November 9, 2026
- Address and service hours (structured data), Michigan City Ford, November 9, 2026