How Does A Tesla Model 3 Impact Your Electric Bill? It’s Cheap! Video

MAR 13 2019 BY STEVEN LOVEDAY 145

EVs like the Tesla Model 3 are outright cheap to drive, and this analysis shows us why.

Who better than Engineering Explained to break down electricity costs for owning and EV like the Tesla Model 3? We’ve learned that one of the most common questions from potential EVs owners is: How much will my home electric bill go up from charging my EV? We can honestly tell you that many of our staff members at InsideEVs pondered that question over and over before taking the plunge. As there are many variables involved, once again, information and education leads to greater adoption.

The video goes in-depth about the cost for charging an EV at home. In summary, it’s much cheaper than paying for gas. The lowest gas price used in the analysis is $2.35 per gallon, though we see that the national average is at about $2.81. In states like California, some markets are seeing gas prices as high as $3.50 or more.

Just looking at the very low $2.35 rate, you’d have to have a car that gets some 60 mpg to make gas costs similar to electricity costs. In the end, when looking at more realistic gas prices, an EV like the Tesla Model 3 will save you a ton of money. The best part is, Engineering Explained provides a nice, easy equation so that you can run the comparisons yourself before you move forward.

Video Description via Engineering Explained on YouTube:

Why Electric Cars Are So Cheap To Drive – My Tesla Model 3 Electric Bill

How Does My Tesla Model 3 Affect My Electric Bill?

How much does it cost to drive an electric car? You may be surprised to learn that electric cars are very cheap to drive, and this is a result of how efficient they are. Regardless of the fuel source, electric cars, like my Tesla Model 3, require far less energy to move from one location to another. Did you know that a Tesla Model 3 Performance’s battery has the equivalent amount of energy as a 2.2 gallon tank of gasoline? It’s practically on empty at a full charge, and yet thanks to the efficiency of electric motors, it can travel an EPA rated 310 miles on a full charge. So how has my electric bill changed now that I’m driving an electric car? We’ll break it all down in the video!

Common Questions About Electric Car Costs:

1) What about car insurance? Not apples to oranges, but the Tesla Model 3 Mid-Range was about $30/month more to insure versus my Crosstrek. Keep in mind this is comparing a $50K car (Tesla) to a $25k car (Crosstrek). The Model 3 Performance is about $30/month more than the mid-range (significantly more expensive and more powerful vehicle). Buying performance cars is obviously not financially wise, as they tend to have great fuel/energy/maintenance/insurance/depreciation costs.

2) What about maintenance? Overall, it’s less required touch points. The two big ones are changing brake fluid every two years (similar to ICE vehicles) and changing battery fluid every four years (unlike ICE vehicles, which of course have oil changes). Here’s a full breakdown of the maintenance schedule: https://www.tesla.com/support/car-mai…

3) The main point here being: the biggest cost associated with electric vehicles is the car itself. Insurance may or may not be higher depending on what vehicle you’re comparing to.

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145 Comments on "How Does A Tesla Model 3 Impact Your Electric Bill? It’s Cheap! Video"

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You spend less than what you spend for gas. That’s all you need to know.

Do Not Read Between The Lines

I drive a Prius and live in a place with cold winters, with a marginal off-peak electricity cost of 12.85c/kWh.
So, I’m thinking that it’s quite likely that it’ll end up being a wash. And that’s with PEVs dodging road usage fees.

You lost me at Prius.

Kidding aside, Prius is an iconic gas saver, if Model 3 costs about the same as a Prius in cold winters, it’s very impressive.

Many states have ev road taxes…Ca included, starting next year.

The $100 fee for California only apply to model year 2020 vehicles and later. Still pretty cheap compared to the expensive gas.

The tax applies to all EV’s, unfortunately. The tax STARTS in 2020. (I wonder when gas cars will start paying for record forest fires, hurricanes, and flooding, emphysema, lung cancer, etc?).

I’m fine with a road tax – if money isn’t paid into that, the roads I use will get worse.

In Illinois the tax is 19.6¢/gallon. 12,000 miles / 25mpg * 19.6¢ = $94.08. Versus buying gas, I’d pay that in a heartbeat. I’d be fine turning in my odometer reading each year and paying a penny a mile as an alternative. Who cares if I did 1,000 of those miles in another state – that’s $10 and not worth the trouble of figuring it all out.

(⌐■_■) Trollnonymous

The current dooosh as governor in CA wants to take a chunk of the gas and EV registration taxes and use it for housing……WTf?!?!?! Right?
https://www.sacbee.com/news/politics-government/capitol-alert/article227419534.html

Dirtbag Dooooosh Politician!!!

This is USUAL for California, otherwise we would have beautiful roads as in neighboring states.

I am ok with a BEV tax of $75 or so. No one ought to ride for free.
If a gasser drives 12,000 miles at 30 mpg it uses 400 gallons of gasoline. Multiply 18.4 cents per gallon times 400 and you end up with a gas tax of around $73.60. $100 isn’t out of line.

How do you explain the $208 / car fee for EVs in GA? They make NO sense

You seem to ignore the REVENUE the gas car produces for the state your EV doesn’t. Gas taxes are only part of the story. A gas station pays property, use, income, employee and many other taxes 6 free Tesla posts in a parking lot do not. $208 is cheap in comparison.
Y’all brag about the lack of service, which is actually BS as every EV has maintenance costs. Maintenance also produces a quantity of revenue for Feds, state and local governments. I pay sales tax on oil, filters, headligihts, just like you do.

$208 is WAAAY too much. Go with $100 for now.

N, read what I said. “I am ok with a BEV tax of $75 or so.”
I think a $200 (or $208) BEV tax is too high. $100 isn’t out of line, though.

That should be applied on miles driven not as a flat fee.

Eventually. But it is too much hassle for now. How do you know the miles driven? $100 flat is fine for now.

I pay $150 a year additional added on top of my already overpriced registration…

It was $100 per year, they decided to raise it.

Owned both, medium winter. EV (Leaf for 6 years, now Model 3) cost about 1/3 to fuel than the Prius, about 1/5 than the Honda Civic. The Prius is a very good gas car but can’t beat the 90% efficency of an EV.

If you are around national average for electricity prices, it will be much cheaper for electric. For the electric vehicles I own, the break even point is around 25 cents per kWh. I pay about 11 cents per kWh. At average US electricity prices of about 10 cents per kWh, and car mileage of 1,000 to 1,5000 miles a month, $30 to $50/month is probably typical. Technically, my work foots the bill and they pay about 7 cents per kWh.

I think this is the best simplification. The video is nice to go on a tack about the efficient virtue of an EV, but it’s very important what you pay for electricity, when electric rates can run from 3 cents to averaging 24 cents (like mine). Tiered rates, where each KWh gets scored at the margin, can climb over $.30/KWh. This is just the US.

Bitcoin miners came from other countries, to put chips to work at ~3 cents (in WA). Conversely, EVs frequently sell where retail average prices are climbing toward 20 cents (CA, RI, CT, MA); still cheaper than gas, and shows some households are leaving >$1,000 on the table every year.

And if you get solar, your energy costs will approach zero after you payback the investment on the solar PV system for the next 20 plus years.

This is by far the most revolutionary aspect of EVs, the fact that you can produce your own fuel and own both the vehicle and the long-term fueling system and this scares the crap out of the rent-seeking fossil fools like the Koch Heads and the politicians they buy.

If you forgo state tax credits you can install your own, off-grid system for less than $1/ watt, which makes the payback period 3 to 6 years depending on your Even with the Trump Solar-Crippling Tax, it’s still less than $.50 per watt, and the inverters and charge controllers are very cheap now, while lithium batteries are available for less than $150/ kwh.

I’d love to pay that price for solar. In Canada it’s around $15-20k ($12-16k US) for a system in the region of 4-5kW. No idea why it’s so expensive!

Self install your own system Andy.

I second this motion. It is not that hard.

Thanks Harry, I know see that I mis-wrote about the 20 years.

What I meant to say is even for those that hire a company to install solar for them should get to payback in about 10 years and then have at least 20 years more of energy production off their solar after payback.

I know this is highly variable based on many factors and as you say if you self-install your own solar which I have done it is very cheap and with EVs getting solar is virtually a no-brainer.

Not true for everyone across the board. It depends on your price of gas vs your price for electricity. When gas gets cheap, it is less expensive to drive on gas in my PHEV

Very rare, but becoming more popular as some states race forward perfecting electricity, and displacing the primary motivation many want to use it: $$. I think a lot of academics miss this.

Kenneth Bokor (EV Revolution Show - YouTube)
Hi while that is mostly true, that is not all you need to know. EVs, especially BEVs, do not automatically cost less overall than a comparable ICEV. Since cost parity is not yet here, we need to rely on incentives, discounts and subsidies to close the gap. Yes for sure in most geographies, operating costs will be less expensive than an ICEV equivalent since generally electricity rates are cheaper than gas/petrol prices. And hopefully the electricity generated for consumption is from a clean source (not all Coal as an example). We know that maintenance costs on a BEV are generally way lower to since they have less parts and no fluids to change as frequently as on an ICEV. However, the up front capital cost for a BEV can be much higher than that of a comparable ICEV and without incentives, can take a lot longer to reach a ROI. For example, last year here in Canada, a BEV costed about $35,500 CAD all in, out the door. This included a whopping incentive which was in place at the time in Ontario. A comparable ICEV would have cost about the same, $35,000 CAD all in, so right away the BEV… Read more »

> The lowest gas price used in the analysis is $2.35 per gallon, though we see that the national average
> is at about $2.81. In states like California, some markets are seeing gas prices as high as $3.50 or more.

Your regular reminder that in Europe, the price is approximately $7 per gallon.

What do you pay for electricity? Wikipedia suggests ~0.22-0.36 USD/kw-h for most of western Europe, which is about 2-3x the cost in the US. Seems like an EV would be a no brainer in Europe, unless the higher purchase price is simply too large a barrier for most people.

That’s not it…but most people living in apartments is!

And electricity is also available to those apartment parking lots, they just need to run it to the parking spots there and on streets and install charging points.plus have liberal DCFC around. Granted they might have to do some otherupgrades to the electrical systems but that is an investment in the future.

(⌐■_■) Trollnonymous

I worked with a friend of mine to try and get some L1’s in his appt complex. there was electricity in the car port roofs for lighting so I figured heck, we could use those. No need for lights right?
Nope, he needs them because he got sued for something that happened there and there was little lighting.
That meant he would need to upgrade the wiring to at least 20A lines. He got a quote from 4 electricians for over $8k to run thicker gauge wires (or even a secondary 20A line) from the box to the car ports. A pretty long run too. He needed to pull to at least to 2 different car ports separate from each other for 2x the cost.
Needless to say it was cost prohibitive.

Cost prohibitive on a short term basis, an investment with a long view like I wrote.
I’m not sure that somebody’s lawsuit is applicable to all cases.

In any case, the electric utilities should also be getting off their too often laggard asses and have programs to install charging everywhere including multi-family housing since they are in the business of selling electricity.

You talk from an american housing perspective but believe me, the situation there is bad, nothing compared to what we have in Ca. People are living in huge apt bldgs and have 1-3 cars per apartment with no designated place to park all of them. The situation gets worst as you travel E. some very hard choices will have to be made soon.

Wow….magic electricity! Just plug it in. Utilities are in the business of selling WHAT THEY HAVE TO SELL. The generating capacity of Northern states is LESS than what they generate, even now. We buy a lot of electric power from CANADA, who must have a surplus. You can’t store electric power in little Lithium batteries in the gigawatt range. More dreaming. It’s not unlimited by any means. The old farts on here can remember what happened when we overloaded the system….Rolling blackouts and brownouts, no fun in the pitch black. We can be there again!

(⌐■_■) Trollnonymous

“Cost prohibitive on a short term basis, an investment with a long view like I wrote.”

I’m not getting your point. He was not going to charge his tenants to use them. Not seeing any “long view investment” advantage.

Either way, I have a plan to get the L1’s power for a much less cost.

Making electricity available for EVs is an investment in the future for our entire society.

Obviously getting some entity to pay for that investment can be an issue and that is why I suggested that the electrical utilities should do what they can to promote the widespread roll out of chargers and outlets.

It really depends on the mileage people do. As an example, assuming 1.4 Euros per litre of fuel and an electricity price of 0.30 USD/kWh you’re looking at 7c (US) per km for the Model 3 and 12c (US) for a petrol 3 Series (~35 Imp mpg). Overall, for a 15,000km yearly average mileage (which is a bit higher than the European average) there’s an $750 USD difference in yearly energy cost ($1050 vs $1800). Over 5 years that’s a saving of “only” $3750. Considering in Europe a 3 series/Model 3 is considered a big vehicle the more realistic comparison for most owners is something like a Civic/Golf and a Leaf. You’re looking at around 5-7k euros difference in price (after rebates/incentives) and the fuel economy on those sort of vehicles is around 40-45mpg (so the saving will closer to $600 a year, not $750). That’s the reason it isn’t a no brainer for the majority of people in Europe. It just doesn’t make financial sense for most people. The sums are broadly similar in Canada where I currently live. I’m basing TCO at around $1000 a year saving for my mileage (which is probably a bit higher than it… Read more »

So, the gas car you already own costs 5c/km more to operate. For the $46000 loss of buying a Tesla that comes to $46000 divided by 5c/km = 920,000 km in your old, wam, air conditioned car that refills in thousands of stations across Canada in 3 minutes for the price of a Tesla, if you paid cash and didn’t borrow money to buy it.
Isn’t that a no-brainer? Why not keep your old car and wave at the suckers stuck in line trying to get to one of the 6 charging stations to wait a couple of hours to recharge? It’s paid for. THAT’s how to save money, not buy a new anything, gas, electric, diesel or pedal powered.

On the other hand, if you’re driving a repmobile (German saloon, like a 3 Series, or an A4), doing 2-3x the average annual mileage then something like a Model 3 may be a no brainer financially.

0.12099 a KWh here and I’m in the US.

I’m paying 10.7c/KwH in Charleston, SC. In Orangeburg, SC, they have a total municiple utility company, gas, electric, water and sewer that belongs to the people (socialism). Their electric rate is around 3.8c/KwH! If the grid goes dark, that city has 3 huge natural gas diesel power plants to keep the city lit.

By the people, for the people…who came up with that stupid idea?

Right, and in the US the French Yellow Vest movement was marketed as a “Global Carbon Tax Revolt”, when about a third of that price was taxes that had nothing to do with CO2, and gas prices had reached 80 Euro / barrel.

Part of Making America Russia Again.

If you can get hourly billing and charge over night, you can end up getting a negative rate. That’s rare but 2-3¢ per kWh is common.

Yes, in Texas many utilities have rate plans that include free electricity at night because they have a surplus of electricity from wind turbines at night.

If Texas were smart they would do what Norway has done….make a big push into driving on EVs with your cheap local clean electricity and sell that excess oil to others. But that is if Texas were smart….so…. :-/

Texas already does that ($2500 state incentive for BEV/PHEV’s). Do you really think Texas keeps all the oil it produces?

“In Texas, energy companies are scrambling to find a home for the record amount of oil they’re producing. The state’s pipelines are at capacity, and there’s a rush to build new ones to get the oil to the Gulf Coast, from where it will be sent around the world.” https://www.marketplace.org/2019/03/08/business/not-plain-sailing-texas-oil-exports

Oh, I am sure that you are quite away of the massive number of cosplay cowboys with their pick-ups that do nothing but drop kids at school & get groceries. The EV adoption rate in Texas is pathetically low.

The pipeline capacity is fine…they need to sell the oil OUTSIDE of Texas if they really want to be smart about it.

Did you even read the words in the quote? They DO sell it on the WORLD market.

I’ve had the Model 3 for 3 full months and 2 electric billing cycles. Went from driving 2 ICE cars to one. On both cars we drive about 2400 miles a month, about the same milege on both cars and spend between $275 on gas a month. We do all long distance trip on the Tesla now and put 80% of the milege it. First month we spend $105 on gas and about $40 on electricity for charging at savings of roughly $130. 2nd Month we spent about $45 on gas and about $55 on electricity for charging, saving $175 . Current month we are on the same pace as 2nd. I’ve been going to the gas station about once a month now. I am in Southern California, PG&E and pay offpeak rate of $0.13 per kwh. I’ve come to one conclusion: GAS IS A WASTE OF MONEY. I am looking forward to buying my next EV.

PG&E in SoCal? Had no idea.

PG&E goes as far south as Santa Barbara I believe.

SoCal is not just LA, OC, and SD, Santa Barbara Co. is considered SoCal. Regretfully, PG&E serves most of SB Co.

great breakdown – thanks

For two ev’s we have an electric bill of $135-$150/ month using a time of day service. That gives us about 3000 miles per month on electric. Prior to getting the ev’s we were $60-$80 per month. Those same miles in our cars would run about $200 per month. Quite a bit cheaper even with our yearly ev tax.

“Impact You Electric Bill”? I’ve been called ‘Bill’ but never electric – even though I’m on my sixth EV.

If anyone is to be called Electric Bill it’s definitely you. Good one!

Unfortunately, that’s from 2015. State law changed, and now Utilities are allowed to claim that the electricity you sell them is only worth about a little bit, while the electricity THEY sell YOU is worth 4-5x that much! Our local utility pays $.03/kwh, but charges $.13/kwh! They HATE distributed electricity generation!

It really depends on your local market. There is a HUGE variety of systems from net-metering to reduced rate to wholesale price only to you can’t install solar PV here because we are jerks.

Sounds like you are at a place that pays only wholesale price. That’s not very fair, you should get a higher rate because (1) It is completely clean; and (2) it is delivered right where the consumers are so no transmission lines needed.

It is hard to make solar PV work economically in such places right now but it will become easier as better/cheaper batteries, inverters, charge-controllers, etc. become available.

I look forward to a full review of the “total costs of ownership”. Remember to factor oil changes, brake pad and rotor replacement, transmission fluid changes, radiator maintenance, fan belt replacement, spark plug replacement….

This hits close to home as my Ridgeline is approaching the mandatory Honda 105k service (timing belt, water pump, etc…); typically runs about $1000 from what I hear.

Why, Joe, just because your Honda dealer wants it? Why not wait until you need service. Everything a stealer does is theft. They’ll want to change the brake fluid and flush the brake system for another thousand. My old car is a 1983. It has never had its brake fluid “changed”, and it’s just fine. All this new “service” BS is in the wake of the cars/trucks becoming unrepairable by the owners and independent repair shops. Drop by the dealer and try to buy an electrical schematic of the Ridgeline so YOU can fix it. Pfat chance. It needs a water pump when the OLD ONE STARTS LEAKING!

I can sum up this video by saying if your electricity is 9 cents / kwh (his marginal cost is not 10 but 9 – amazing that a Mechanical Engineer (he claims) could be so sloppy with numbers) – and he lives in a moderate climate, and he is ignoring vampire drain, then yes the savings are what he has mentioned. His 80% eff factor for the charging seems to be close though – others have stated their ‘s’s are around 82-83% efficient. Of course where I am, the cost really is about 10 cents/kwh, and during the winter all bets are off. That is why plug-in hybrids make so much sense in my area. He also continues with the old bromide that ‘Electric Motors are Efficient’. That is myopically ignoring viewing the entire operation. Everyone who wants to down vote this should IMMEDIATELY convert their homes to 100% baseboard heat since it is so efficient. Tell me (if you live in a cold climate) – what the electricity bill is then. But I don’t buy electric cars to save on the refueling cost. If I was strictly looking at dollars and cents i’d buy a $13,295 2019 Spark. No… Read more »

That guy is not an engineer. He’s a Youtube regurgitator. Engineers work at GM, Tesla, Boeing… etc. not make Youtube videos full time.

He is an engineer. He went to college for engineering

Just because baseboard heating is efficient (meaning energy in = energy out in heat) doesn’t mean it is cheap. That has to do with the price of natural gas vs the price of electricity.

Baseboard heating is actually extremely inefficient even though it is close to being 100% efficient! How is that possible? Because with heat pumps you can be 300% efficient.

Heat pumps are one of the most efficient technologies that is sorely underused. We should all be replacing natural gas with heat pumps. Especially in mild areas…cheap air-source heat pumps are a complete no brainer in mild areas.

Unfortunately they aren’t cheap. You’ll likely pay five figures to install a decent one, and even more for a ground source heat pump. The latter is what would be needed for most of North America, where temperatures drop below freezing in winter.

Ground-source heat pumps are not cheap. But air-source heat pumps are VERY cheap.

Bill….you know better than this. Baseboard heat is not an electric motor so why are you conflating electric motors with radiant heat?

Electric baseboard heat is indeed garbage. But if you want to go electric heat, it can be done reasonably with heat pumps that can be 300% efficient! If you live in a mild place, an air-source heat pump is the way to go (and it is both heat & AC!). If you live in a cold place (like you do), it is indeed difficult but it can be done…you either insulate & seal-up your house really well and install an air-source heat pump; or you bring in the big guns and do a ground-source heat-pump system. (Again, it provides both heat AND AC!)

Dandelion Energy (a Google spin-off) does reasonably priced ground-source heat pumps in your area.

BTW….heat pumps use electric motors….see, they ARE efficient! 😀

I do know better than this, but you can’t go deeply into details here. What I said is true enough for public consumption.

I know you know better. So please don’t spew so much misleading garbage.

I never mislead, and I did not do so here. To put the shoe on the other foot, it is very misleading to say that electric motors are ‘efficient’.

Fuel Cells are ‘efficient’. Because of this ‘all important fact’ everyone should ditch everything they have and purchase only that type of vehicle. Yet people stubbornly refuse to purchase the Mirai in any great quantity. Why is that?

Electric vehicles don’t make much economic sense here in metro New York right now. KWH rate in my NYC apartment is $ 0.384 (I can charge in my parking garage, but have to pay and tip the attendant to do so). KWH rate at my Westchester home is $ 0.251. These prices include all taxes. Gas at $ 2.329 per gallon (regular 87 octane) is currently quite a bargain. We are supposed to get new “smart” meters in 2020 (Westchester location) and if they offer a discount for overnight charging, I will purchase a Jaguar I-Pace as my current lease will end next summer.

I was under the impression that both homes were in Consolidated Edison Territory. If so, watch out for time-of-use plans they have. Super-on-peak is over $1 per kwh during the summer.

I save time these days. I simply mail ConEd my paycheck, and they send me whatever is left over. I have a smart neighbor who bought one of the first Model X units – and I believe he still has free Supercharger charging as he has no home charger. For the life of the vehicle I think. On the downside, he has had quite a few problems with it, but (his wife) still loves it.

YOur neighbor is smart to keep the lady happy ;- }

Places with high electricity rates and cheap gasoline are difficult for EVs. But often times such places do have special programs that will give you cheap over-night electricity or a special rate for EV charging.

If I ran a bit city, I would demand that the utility have a special low-cost EV rates since more EVs will improve the local pollution.

The only time I paid equivalent for electricity with gas (at the time about $2.40/gal) was when temps were below zero (F) and the winds were gusting above 20 mph and I was using Wisconsin superchargers on a long 300+ mile trip. My efficiency took a big hit and the charging had two tiers and charged per minute instead of per kWh. First tier lasted 15 minutes, 2nd tier the price about doubled. I also had to spend more time charging. Rare edge case. Otherwise electricity has been WAY cheaper than gas to power my journeys.

Better example with 43% of Americans renting is how much on public charging vs. “public” gasoline.

With 150000 miles and an AWD Legacy Sedan vs. a Tesla AWD Sedan.
Legacy 30 mpg. $3.50 a gallon. 500 gallons. $1,750
Model 3, 15,000 miles 75 kWh. 48 charges. $0.24 kWh. $870.00

If would be fair to factor in maintenance costs also. The Legacy would need (assuming 15,000 miles per year) at least 20 oil and filter changes at an estimated $ 75.00 charge per service.

The model 3 would need several fluid changed as well at that mileage. Not sure what the fluids situation would be for the Legacy, presumably that would need some too, but I’m betting they would be a lot cheaper than Tesla’s charge.

There’s a lot more to TCO than just fuel and oil changes. Every car and manufacturer is different.

If you cannot charge up a vehicle at your home with cheap electricity, I do think that you are a good candidate for an EV. That said, more condos & apartments need to be pushed into installing chargers that will be linked to the renter’s electricity bill.

Wish you had made some mention of vampire drain. I estimate average 7 miles or 30 cents a day. Not a huge deal but should enter into your equations.

I mentioned it – and got severely down voted since I did. Closely related to VD is battery heating – which grows to astronomic levels when it is cold outside, as it has been much too often by me this winter – an especially severe one.

What if you just want to charge on 120v and then on long trips use the SC how will that be cheaper?

Better live in a warm weather climate. Tesla’s cannot get enough power to recharge at 1400 watts 24/7 if it is very cold outside – and by ‘COLD’ I don’t mean 61 degrees F when the sun is shining.

Tesla doesn’t even recommend charging at 120 volts any longer, but some people – especially apartment dwellers make due with it – but it really needs mild weather to make it work successfully.

Charging on 120V is fine for local commuting. I did it for months before my 220V charger was installed. Yes, it is lame but it gives you more than enough miles for a short commute if you charge up overnight that way. There is a surprisingly large amount of people that only use 120V charging.

I live in Georgia. My power company is Georgia Power. Not only did Georgia Power give me a $250.00 rebate for installing a charger they have a special electric rate for EV owners. After 11:00 at night my electric rate drops to $.01 per kWh. It costs me almost nothing to charge my car. They say you get about 3 miles per kWh. At 15,000 miles a year I would pay $50.00. Even if the 3 miles is high, I save a significant amount over gas prices.

But the initial cost of the car is high.
If you were going to buy a premium compact car, Tesla is worth looking at.
If you are tight on budget then get a cheaper ICE for $25k or less and the money left over will pay for gas for a decade.

If you plan to keep your car 8 years+ and put 10-15K miles on it and have reasonable electric rates, EV cost will be the same as equivalent ICE. If you factor in maintenance cost, it’s a no brainer.

At $0.05 per kilowatt, it will take less than $6 to fill the battery from empty. Stick to non-peak hours and you’re saving at least 90% off of gas.

Loving my Model 3 – but electricity rates very greatly. In SoCal, we pay 22 cents per KwH.. more then double your rate. Still cheaper than gas, but not as much as your model.

22 cents may be average rates but EV rates off-peak are pretty reasonable. I know for PG&E, EV-1 rate is $0.13 and So Cal Edison is $0.12.

At night its 22 cents? Do you have a time of usage plan? It’s only 12 cents at night for me with SoCal Edison

Yeah it’s 13 cents Ev1 off peak rate with Sce. It’s 16 cents for me since I signed up for green rate. Sce buys solar on your behalf replacing 50% or 100% of kWh uses. Some 1,000 fams subscribe so not super well known. But an option nonetheless for apt dwellers who don’t have solar option.

I’m on a time of use plan, so I drive for about a penny a mile.

Tesla owners are not paying any road taxes. That will change.

Here in Georgia we’re paying $200/yr. I don’t mind paying a road tax, but that’s too much.

$200 is a fair tax. An average car, driving 12,000 miles per year at 25 miles/gal would use 480 gallons of gas.
Average fuel taxes (state + federal) are $0.50/gal, so per year it will be $240. The GA EV tax is even lower than that.
The real problem is that they can decide to raise it much more easily than the gas taxes.

Most EVs would get much more than 25 MPG if they had ICE, why are you adding both state & federal, 12000 is a large amount, and EVs should get a break since they don’t pollute. $100 is fine for now.

My numbers were approximate but end result is the same. Just google it: “According to United States Department of Transportation Federal Highway Administration, Americans now drive an average of 13,476 miles per year” So 12,000 miles was being conservative On MPG, the average MPG of the US fleet is just 24.7 MPG. Which in real world would be maybe just 20MPG. But let’s account for your point and assign a generous real world 35 MPG for the ICEs which a BEV replaces. I include both federal and state taxes since the EV tax is meant to compensate for the absence of either, until the federal govt decides to tax those vehicles accordingly. Using the above numbers: 13,476/35 * 0.50 = $192 Even if you don’t accept the inclusion of the federal tax, the state tax in GA is 31c, so it becomes $119. It’s not that far off given all the other slack I gave Overall, given that until recently BEVs were receiving a $5000 subsidy from the state, asking for additional $20-100 yearly tax break is a bit unethical, to put it politely. Not to mention BEVs already receive federal incentives and are exempt from the HOV lanes restrictions.… Read more »
Ok Georgia gas tax is $.3102 per gallon. my old ICE car got an average of 35 mpg. Say I drive 15,000 miles per year. That means I paid $132.85 in gas tax. I just recently paid my annual registration fee and it was $213.00 for an alternate fuel vehicle. I do not have an alternate fuel tag so I can’t drive in the HOV lane. If you want to argue the point that I received a FEDERAL credit on my EV, well when I bought a TDI VW, I received one for that too. The government is rewarding us for saving fuel, so i don’t think that’s a good argument why we shouldn’t pay more in fees than I did in gas tax. I don’t have a problem with paying a fair share of the cost of maintaining highways. I do have a problem when its more than my fair share. Maybe there should be a gas guzzler fee for people that drive big SUV’s and get less than the national average in fuel economy. Or maybe charge a fee to ICE cars for contributing more toxic fumes into the environment. That would be the decent thing to do… Read more »

Thank You for breaking down all the figures basically looking at the futures, gas prices will rise there will be no gas guzzler that can compare to the savings of owning an Electric Car {Preferable the Tesla designed to perfection} I’m looking forward to owning one before the end of this year and drive like fast and furious so could save a few bucks but thourghly enjoyed the comparisons and figures!

I have yet to have an EV owner (including me) state that they bought their car in order to save money on liquid fuel. This is why I say that this video analysis, as well explained as it is, isn’t of much use. If the cost of liquid fuel was indeed a factor in the purchase of an EV, this exercise is even less useful. Reason: fuel taxes are missing from the equation. Someday the whole fuel taxing system for roadway infrastructure will, in order to be fair, require a complete overhaul. Making it fair won’t be simple or easy.

In Ontario, Canada, I spend 0.20CAD for 100km charging on the lowest slab (usually at night).
Gas here is almost 1 CAD per liter which gives me around 10km on a BMW M3, so in summary I spend 2 cents per 10 km where BMW will spend $1 per 10 km.
Rest of the discussion is history for me.

This is nonsense, if you use the total kw cost (supply, taxes, etc) from your electric bill instead of just the charge for the electricity, EVs are not as cost efficient as you think. My total cost on my electricity bill is 25 cents per kw, a 75kw Model 3 would cost $18.75 to fully charge, which equates to 40mpg if gas is $2.50 a gallon. If you live in higher electricity cost cities like NYC, your looking at barely 30MPG. All the EV $$ savings calculators are garbage compared to the real world. I own an EV and I just realized this the other day.

Yes, that is why, even though I’m on my 6th EV, that I always provide the downside of EV ownership (in fairness, there aren’t that many, and so for people like me, EV’s make sense).

Of course – even here – people will say I’m stating misleading, ‘misrepresenting garbage’, yet it is the other way around, and I’m just providing a more complete picture.

The fact that you ‘just realized this the other day’ shows that people who are considering the move to an electric vehicle need to be presented a realistic picture of what they can expect – and not constantly be treated to Unicorns and fairy tales. Oh and by the way – taking the average charge efficiency of a 3 at 83% (which includes typical vampire drain) – means it will cost you not $18.75 but $22.59 to fully charge (in moderate weather).

If you live in an area with hot or cold weather, then even the $22.59 is understating the costs.

Not quite sure how somebody can give a ’13 minute and 36 second’ presentation on cost to charge a Tesla without ever uttering the word “supercharger”. …..Not even once.

Amazing.

/I’ll give this presentation a D- for lack of useful content.

(⌐■_■) Trollnonymous

I charge at home only on 3 day weekends if that. The last time I charged it on the weekend cost me ~$8.00 that weekend.
99.95% of my charging is free at work.
So the $375 in gas I used to spend is now $375 that pays for my EV.

This guy knows how to play the system. 😀

46000 + 18000 interest assuming he’s not rich and had to finance divided by $375/month = 46,048 months if he never spends another dime on the Tesla like a new $15000 battery pack. How do you figure he knows how to play the system?? How long do you think the 3rd worst reliable car, according to Consumer’s Report is gonna last?
Wow….magic?

I can see that Melvin is just the latest carpet-bombing anti-EV and anti-Tesla troll to come onto InsideEVs to spread his FUD.

Ask roadster owners. They’re quite happy.

WTF are you even talking about? He didn’t even say what EV he drove, troll. What a pathetic loser you are.

Right, I also charge more than half of my miles at work or at public L2 chargers, most of which are free for me. So even though I’m charged ~11¢/kWh at home, my real cost is probably less than 5¢ on average. And I’ll happily pay a reasonable charge when I do need to top off at a paid station. It’s usually a rounding error on top of the parking fee in such cases.

And yes, I am aware that someone is paying for that electricity. But A) they are probably paying lower commercial rates and B) they choose to subsidize EVs as a cost of doing business. It must be a pretty cost-effective way of increasing sales, or they probably would not be doing it.

Where the hell do you get insurance for $30 a month?

Mine is over $300 every 3 months because of a stupid ticket which will be expiring in a few months

But $30 a month? Tell me where

Tesla Model 3 Mid-Range was about $30/month more to insure – the article is saying it’s $30 higher than his (Subaru) Crosstrek – not $30 total

Good video. I’m glad he did the part at the end that had more realistic numbers. He should emphasize more though the variability of the cost of electricity and the range in winter. Here in CT, there is currently no cost savings in running an EV vs. gas. Electricity is .20/kwh, and gas is $2.37. In the winter things are worse. I have a Honda Clarity which is a PHEV. It gets about 40mpg in hybrid mode. This means that currently, it’s cheaper for me to run it using gas than plugging in. I still plug it in though because I prefer the way it runs in EV mode.

As with anything it depends. In this case on 2 variables: your price for gas vs your price for electricity. For my PHEV and my current costs of $3.10/gal and $.25/kWh, gas is ~7¢/mile vs EV at ~6¢ per mile including charging losses. So depending on the price of gas which changes weekly, there are times where gas is cheaper than electricity per mile. I use this comparison because it is the same vehicle with the same driver. If you are comparing a generic EV to a generic gasser, you have to do the math based on your own situation.

And THIS is why Tesla should continue to list some sort of “after gasoline savings” price on their website.

I agree, they need to be COMPLETELY CLEAR as to what the actual cash purchase price and that one needs to be more prominent. However, the savings on gasoline, oil changes, smog checks, maintenance, etc. are REAL COST ADVANTAGES for electric vehicles and they absolutely should tout them.

Let’s be more honest. A Tesla is about $US45,000 for the model 3 you can buy. Imaginary cars don’t count. If you are considering the jump, you are already $45,000 plus delivery and a load of taxes in the hole. Honest. My car runs on diesel or free cooking oil but we’ll compare diesel for this, being honest, logic. Diesel is $2.40/US gallon, here, now. $46,000 divided by 2.40 = 110,400 gallons at 33 mpg on the road in my old diesel Mercedes 300TD heated and AC as needed, doesn’t make much difference. 110,400 gallons x 33 = 3,643,200 miles for the $46,000 loss buying a Tesla. My car was paid for in 1989. Yearly costs have been less than $1000 ever since. We’ll ignore the appreciation of my old 300TD, which is worth twice as much as I paid for it last year, over $4000. I get offers. Unlike new cars, any competent auto mechanic can fix it. There’s tons of parts from many sources, not just Tesla. A new AGM battery was $96 from Walmart last time I got one. Even Walmart stocks batteries. Nobody in their right mind is going to “save money” buying an EV, even… Read more »
Kenneth Bokor (EV Revolution Show)

Fair enough and appreciate the financials, etc. Totally get it. However, all that aside, unless you want to do something to help lessen GHG emissions and reduce Air Quality issues, then there is no reason you should be looking at EVs. My motivator for going BEV was this…not a financial angle. I understand financials can be argued back and forth and a good used ICEV can run for years.

But I’ve seen kids who can’t go outside on bad air days because their asthma is so sensitive. I’ve see and continue to see the unpredictable weather extremes that I’ve never in my 55 years seen before, and not just where I live but in many parts of the world I’ve travelled to.

So if that is not motivation enough, then move along please.

Forced Volt->Bolt Conversion

Let alone that it’s surprising how little impact an EV has on an electric bill, it’s amazing how many Tesla-mile-equivalents (TME) may be available to recruit thereby affording more miles with actual zero impact.

By example, retiring a old server here that was doing backups and running an instance of Atlassian JIRA in a VM and replacing it w/a low-power backup server while moving JIRA to cloud freed-up 3,000 miles per year of BME (Bolt-mile-equivalent) driving. I’m fairly sure I could glean another 1,000 BME from various other nearly-forgotten parasitic loads.

I’m very interested in this subject. I think broad adoption of EVs improves our energy system at very large scale, in reducing the “rejected energy” (the gray flowline) from electrical generation (battery storage) and also from reduced petroleum burned/heat energy wasted from transportation – https://flowcharts.llnl.gov/content/assets/images/charts/Energy/Energy_2017_United-States.png. EV’s can slim down our systemic waste.

Now this is my kind of video, easy to understand and informative which verified my figures as well, good stuff! oddly enough I do have the car that can cancel the Leafs electric cost which is my 93 Geo Metro that gets 61 m.p.g. on summer blend and 46 on winter blend gas, one thing he didn’t mention is the charge inefficency when the temperature dips below 32 degrees as battery resistance climbs the charger has to push harder and longer ultimately costing more for electricity and also giving less range but that is ballanced out by lower ongoing maintainance cost over time….the ultimate most affordable way to drive any electric car is to generate your own charge power….but that is prohibitively expensive.

Its especially an issue with Tesla, since the S,X, and ‘3’ maintain battery temperature – as opposed to the roadster which didn’t do this while not in use nor charging. As opposed to my GM cars which only maintain temperature either once per day, or while driving or charging. It is enough of a difference that someone could drive a ‘BOLT’ using 120 volt facilities when it is cold outside compared to the 3 tesla models which cannot get enough of a practical charge and must use 240 volt facilities – the 120 volts only successfully charging the car during moderate weather.

What, pray tell, does “changing battery fluid every four years” refer to? I’ve played with Tesla batteries, no fluid and no way to get to it. Are you talking about some kind of cooling fluid, such as antifreeze/ If so, the cost comparsion needs to change because radiator coolant is changed annually.

Here in Northern California, in PG&E country, my BASE rate (tier 1) is .2118/kwh, tier 2 is over .28/kwh, and tier 3 (you can’t survive summer here without tier 3) is over .40/kwh. So not sure how fiscally sound buying an electric vehicle would be,

If you’re not sure then why don’t you check what ev plans PG&E has…it’s all on their website. You don’t have to pay 40c unless you want to.

Ev plan ought to be around 13-15 cents per kw

1) Install solar PV.
2) There are special EV rates and time-of-use rates that make night-time rates really cheap.
3) Gasoline is also near $4/gallon around here.

OK, just to add to the braggers, I self-installed a solar PV system and for my PV system’s 30 year lifetime, I will pay 6 cents per KWH. Basically, my EV driving is what…a penny per mile or so?

If you have the skills…do a PV install project. For a microinverter based PV system, all you need is the skills to install a 240 Volt dryer outlet and install a roof-attic vent.

‘Tesla has made it slightly more cost-effective to buy all four up front. Four years of service for owners who choose the three-year plans will cost $2,400 for a rear-wheel drive Model S, $2,475 for an all-wheel drive Model S, and $2,825 for a Model X.’

Expensive!

Great video on gas vs electric! ✨🌏✨ I don’t know what date you did this video, but I haven’t seen gas at $2, plus … for many many years!
::
✨ So now it seems that the electric car is even more economical to drive than the gas; actually if you use premium gas, it’s at least 50% more economical than in your presentation.✨

✨And, then of course, there is the mechanical aspect of gas cars, that have wear and tear, and repair costs. ✨

✨Also, there are many months, where I might drive more than 1000 miles – so I would be saving a lot more than your estimate here, per month or year.

Many Thanks!
All Goodness! ✨🌏✨

(at,
Graceful Spontaneous Evolution,
and Evolutionary Education✨)