Buying a new car has become a real odyssey. Now we do not just look at whether we like the model or if it is comfortable inside. We look at the horsepower, the brand, how much it consumes, and whether it is electric or traditional combustion.
In this panorama, many people wonder how much it really costs to charge a vehicle like a Tesla, and it is normal, the monthly gasoline expense must be compared with the charging expense before deciding to buy a vehicle. How much does it cost to charge a Tesla?
Electric or traditional combustion?
The study was carried out by GoBankingRates, and they analysed the cost of driving 100 miles daily with different Tesla models compared to the Toyota Camry, the best-selling sedan in the country last year, and the comparison did not leave anyone indifferent.
The calculations were based on the national electric rate of the U.S. Energy Information Administration (EIA), showing $0.16 per kilowatt/hour, while the average gasoline price per gallon was $3.90.
It was estimated that each vehicle would travel 160 kilometers per day.
What does the comparison say?
At first, the average expense of the Camry is estimated at $371 (based on 32 miles per gallon), also taking into account that according to the company, the Camry consumes between 28 and 30 mpg on the highway and between 22 and 39 in the city. But the Tesla data was different:
| Model | Monthly charging cost | Savings compared to Camry |
| Tesla Model S (mid-size sedan) | $136 | $235 |
| Tesla Model 3 (mid-size sedan) | $124 | $247 |
| Tesla Model X (crossover SUV) | $162 | $209 |
| Tesla Model Y (crossover SUV) | $136 | $235 |
Although, like everything, these figures can vary depending on the outside temperature, the use of air conditioning, the type of driving by the driver…
Is charging a Tesla cheaper?
At first glance, yes. The price difference is because electricity already has a much lower cost than gasoline, filling up a Camry’s tank can translate into quite a few dollars a week, and now that a Tesla can also be charged at home (especially during reduced rate hours) it ends up being much cheaper.
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Also, it is no surprise to anyone that electric cars have more efficient energy performance and lose less energy while moving.
How can these figures change?
Of course, these figures can vary depending on the region where you are, there are states with a much higher cost of living, which, of course, will also influence your vehicle’s charging costs. Other factors like climate and extreme temperatures can also vary it, for example, it is believed that extreme cold as well as extreme heat cause our car batteries to lose capacity faster.
Tesla vs. Gasoline
Choosing a Tesla is not only about saving, they also have fewer parts (that means you will visit the mechanic less) and have much lower general maintenance costs, but it also has its downsides: insurance for Teslas tends to be much more expensive because the components they are made of are much more complex.
Is it worth buying a Tesla?
It is also true that a Tesla is more than energy savings, and its initial cost can make a dent in anyone’s pocket. If you are deciding on your next purchase, our advice is to balance what benefits you more economically, taking into account four essential elements: the initial purchase price, the annual insurance, maintenance costs, and the depreciation the vehicle may suffer.
And finally, consider whether fuel savings are decisive if there is a tie… Tesla has earned a place in the industry, but it is not always the solution to all our problems. And you, what do you think?
