Baking is your safest bet. Cookies, cakes, and brownies usually don’t need the extra richness of evaporated milk to work. I once made chocolate chip cookies with plain milk instead of evaporated, and they were still chewy and delicious—just slightly less decadent. No one complained.
But for creamy sauces, custards, or that Thanksgiving green bean casserole, I’d be careful. Evaporated milk has a unique thickness that regular milk just can’t match without reduction. You don’t want a watery pie filling that looks like a science fair volcano.
And here’s a little story: my aunt Linda once tried to make her famous fudge using regular milk. She ended up with a sticky, grainy mess that she called “fudge soup.” We still laugh about it. Don’t be Aunt Linda.
What about using butter and milk as a hack?
Yes, you’ve probably heard this one: add one tablespoon of butter to three-quarters of a cup of regular milk. It’s a solid emergency move. The butter adds fat, making the milk a bit creamier, though it won’t mimic evaporated milk’s caramelized flavor.
Substitute For Evaporated Coconut Milk at Gary Delariva blog
I used this trick when I ran out of heavy cream once, and my coffee thanked me. But for savory dishes like clam chowder? It works, but the butter flavor might sneak in. If you’re making something where butter belongs (like mashed potatoes), you’re golden.