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How much do you save a year driving a Tesla?
Even if we consider the fuel cost of a relatively fuel-efficient and similarly sized car like the Toyota Camry, which gets roughly 32 MPG on average, the savings in this category are pretty significant….Fuel.
| Fuel cost for 15,000 miles | Tesla | Camry |
|---|---|---|
| Year 1 | $1,755* | $1,589 |
| Year 2 | $555 | $1,589 |
| Total fuel cost | $2,310 | $3,178 |
Are Tesla’s cheaper than gas?
The cost to charge a Tesla Model Y is about $11.47 cents, or 4.7 cents per mile. The cost to operate an electric vehicle is substantially lower than the cost of a conventional gas powered car, and it can be even cheaper when you charge your EV with solar panels.
Will a Tesla save me money?
You might be saying to yourself, “Sure, a Tesla can carry a heavy price tag—but think about all the money I’ll save on gas!” According to Nerd Wallet, when all is said and done, you can expect net savings (taking into account the electricity costs of charging your Tesla vehicle) of between $810 and $890 per year …
How much does it cost to drive a Tesla?
First, the biggest savings: no more expensive gas. With 100 miles using 34kWh (about 100 MPG) and electricity costing an average of $0.12/kWh, the yearly cost to drive a Tesla Model S 85D 15,000 miles is $612. Compare that to Toyota (TM) Camry’s 30 MPG and an average cost of gas of $2.40 per gallon.
What are the economics of owning a Tesla car?
The Economics of Owning a Tesla Car 1 Initial Cost. The initial cost of purchasing a Tesla Model S 85D is steep: $85,000 without any options or upgrades (the basic Model 3 starts at around $40,000). 2 No More Stopping for Gas. First, the biggest savings: no more expensive gas. 3 Other Savings. 4 The Math. 5 The Bottom Line.
How much can you save with teslanomics?
When we apply Teslanomics (subtracting every dollar possible to lower the effective monthly payment), we can subtract the gas savings of $600 per year and an average of $400 per year on maintenance. This figure doesn’t include any tax benefits you may realize at the state level if you’re able to qualify for a tax credit when purchasing a Tesla.
How much does it cost to charge a Tesla at superchargers?
Above: Both Tesla Model S and X vehicles currently charge for free at Tesla Superchargers (Image: Tesla) In comparison, it was recently reported that the average ICE goes 24.9 miles per gallon. At the current national average gas price of $2.603 per gallon, the average gasoline-powered car will cost $0.105 per mile to run.