Electric Cars Are Cheaper To Own

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Rusty

Well-known member
Joined
Sep 9, 2017
Messages
205
Location
Ooltewah TN
Tesla Owner
Model S
Country
Country
#2
I have had my MS for a year and tracked gas and electric costs. I have averaged saving $70/month. I drove approximately 20k miles, and my previous car was a Prius.
 

Frank99

Model 3 owner since May 3, 2018
TOO Supporting Member
Joined
Aug 3, 2017
Messages
250
Location
Phoenix, AZ
Tesla Owner
Model 3
Country
Country
#3
I drive about 15,000 miles a year, my current ICE gets 32 mpg, and I expect to save just about $75 / mo on fuel. Not enough to pay for the car, but enough to put a smile on my face.
15000 / 32 = 468 gal * $2.50 / gal = $1172 / year
15000 * 0.250 kwh/mi = 3750 kwh * $0.065 / kwh = $243 / year
$929 / year savings = $77 / mo.