Cost of Charging an Electric Vehicle | Tesla Model Y vs Gas Cost
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- Опубликовано: 20 июл 2024
- Electric versus gas car | Tesla Model Y charging costs | Gas price increases. With the rising costs of gas, more people may be curious how much is the cost of charging an electric vehicle as compared with costs of gas? In this video, I share my costs, based on almost two years of driving the Tesla Y. I also compare the costs of two gas vehicles that we owned, a Chevrolet Silverado and Honda CR-V to show the savings (and it is significant)!
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#tesla #modely #teslacharging #EVcharging #teslamodely #gasprices
0:00 Intro
1:15 Battery Capacity - kWh
2:58 Efficiency
3:45 Charging Costs
5:00 Honda CR-V and Chevy Silverado - Fuel Cost Comparison
6:07 Other Cost Saving Opportunities
6:48 Question to Consider
7:30 Outtro
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I think going with a Tesla is a great idea these days. I bought 2 Tesla vehicles recently and I'm very pleased with them.
That is awesome!
Two Teslas, wow!
Y & 3?
@@billylee5335 I bought both
@@iceplanetchris2052 Oh Great! Can I borrow 1?
Hoping more videos like this are published more frequently perhaps showing a chart of vehicle expenses over time with gas vs ev powered vehicles. Would be interesting to know all the data including price of vehicles and all maintenance over time and at what point does owning an ev , which typically is more expensive than an ice vehicle, become a significant savings.
Thank you for sharing good information, I’m still waiting for my model y!
Hope you enjoy it! I haven't had any regrets in the last two years of owning a Model Y.
been lookin for a comparison like this for a while. Thanks
Thank you. i’m planning to make an update video in the near future.
Nice video! Certainly a hot topic these days.
It really is!
Awesome display of comparison!! Majority of gas car owners don't even think of the cost of owning their gas car even when the gas car is paid for. Gas car owners actually spend more money over ownership. ( I have GAS and Tesla), EV purchase cost is actually pretty fair, because once you have paid it off you erase so much of the expenses you have owning a paid in full gas car. My gas car barely gets driven.
Good thoughts. Thanks for the comment!
Recent gas prices have me thinking about an EV, namely Teslas. However, the price hikes on new Teslas has made entry even more difficult for most people. I could fuel my current ICE vehicle for a long time considering the price delta. I only drive about 8K mi/yr, which I think is below the national average. Fuel prices would have to continue to soar for me to pull the trigger on a Tesla purchase, even though I want one now :) . Anyway, nice breakdown on cost and your experience.
Excellent thoughts. It's tough to make it make financial sense with purchase costs increasing. The only other variable that I didn't mention in the video is vehicle depreciation differences. The resale of used Model Y's is holding pretty strong right now (but that could change, of course, based on market). Tech is starting to level out, as I see GM is offering a Sierra truck with similar autopilot features as the Model Y. That leaves acceleration and possibility of fueling your car with solar as main advantages. Also, no pesky gas station stops when I'm on 'E' and in a hurry 😀.
Thanks for an informative video.
One thing you didn't mention was the model y is capable of towing 3500lbs. Off course it takes a (servere hit) on the range/mileage but it does give back some the advantages your former truck had. I intend to tow my boat with my new model y long range.
I just installed a 14-50 receptacle in my garage awaiting my Model Y Long Range which is due here in Central Florida in September, 2022.
You’re right! I have the hitch installed and have used it for towing a flat trailer and short hops with a boat to get it in the water. It’s a great addition to the Y. You will enjoy yours!
@@JohnVanDeVoort Thanks again for the informative videos. Glad I found your channel.
One of my family members has a LRMY with a hitch. He was nice enough to stop by one day and we hooked my 2000 lb. boat and trailer up and he let me take it for a test drive down the highway. I didn't even know it was behind me and it still had plenty of power. Most of my boating trips to the water are less than 100 miles round trip so the LRMY will have plenty of range to get there and back without any supercharger stops. The 14-50 garage receptacle I installed will easily supply an adequate charge prior to those trips.
Thanks for this video! EVs and PHEVs are financially a no-brainer.
Very true!
Love the style of your video! I’m wanting to start a channel, would you be willing to share the equipment you use?
Of course! I'm working on an equipment list page for my website and will post that when done. For cameras, I mainly use the Sony A7Siii with a 24mm f1.4 G master lens. I also have a DJI Air2s drone and GoPro Hero10 Black cameras. I shoot in SLOG with the A7Siii and color grade my video in editing (in Final Cut Pro X). Microphones are the Rode Wireless Go, with a lav microphone (when I'm outside of the studio) and a Sennheiser MKH50 when I'm inside. If you're starting out on more of a budget, you'll get excellent quality with a Canon EOSR camera and Rode VideoMic NTG. It is what I used a lot in my earlier videos before upgrading to current setup. I wish you the best on starting your channel!
What did your solar setup cost how many years to pay back. Good video we just ordered a Y a few days ago 5 hours BEFORE the 1000 Dollar increase.
Nice job on getting the order in before the increase!
We installed a 12.6 kW system (32 panels), with 2 Humless batteries. Our upfront costs were a touch over $40k, before the tax incentives. Payback is a bit of a moving target (depending upon if we upgrade our Volt to a fully-electric vehicle, and what utility rates will be in the future). But based on our system and current usage, my conservative estimate is 8-10 years.
Thanks for checking out the video and the question. I'm confident that you'll enjoy your Model Y!
I have a Model 3 SR+ with about 13k miles. Averaging 259 wh/m in Minnesota, not bad!
Nice! You’ll see the average go up in the winter, but the overall average (for mine) of 318 wh/mi is still great compared with some other EV’s. I would anticipate you’ll be right around 300 wh/mi in the Model 3 over summer/winter driving.
Thanks for the info. Would you mind sharing cost of insurance? I was told that EV’s insurance is mostly higher than conventional combustion vehicles.
I won't share my cost, since we have 4 vehicles and 4 drivers in our family (but just one Tesla). But, my insurance for the Tesla went up consistent with the cost difference of my car (versus the car it replaced). I didn't notice any difference for EV versus gas.
As promised in the video, here is the link to my Tesla Model Y 18-month review: ruclips.net/video/JunYq1avPPw/видео.html . Also, in this video, I mentioned the cost of purchase, but didn't include reference prices for the vehicles discussed. As of today, the purchase cost of a base Tesla Model Y Long-Range is $62,990. For reference I found many of the the 2022 Honda CR-V that are listed for sale start around $32,000 and the Chevrolet Silverado 1500 Crew Cab start around $53,000. The question (in the video) is essentially, at which point does lower cost of energy (electric vs gas) and lower operating expenses tip the scales to make EVs competitive with gas vehicles? I think we're getting close (if Tesla can hold off on more price increases), but want to get your thoughts! Please leave them below.
Wish you would have done the price comparison on a prius. I get fifty seven miles per gallon on my previous
I'm certain that savings isn't as profound with the Model Y vs Prius. But, the Model Y has more cargo space (similar to our Honda CR-V), which is why I included that in the comparison. Thanks for the watch & comment.
Playing with numbers doesn’t reflect how thing really work out. I think there are several videos on RUclips the authors actually drive an EV vs hybrid for the same route and then compare electric cost vs fuel cost. Usually hybrid will win if EV was charged outside home.
I do agree with that statement - Superchargers (at least on routes that I drive) are about 3x the cost of home charging. This makes cost of charging a lot closer to cost of gas. But, hybrids (having a gas engine) also have the extra maintenance expense of gas engines, such as oil changes and other scheduled maintenance. I own both a Chevrolet Volt and Tesla Model Y, but don't have experience with other hybrids or electric vehicles for costs. Thanks for the comment and the watch - I do appreciate it!
Electricity costs vary tremendously. It would be nice to mention where you live. Here in CA, it's at least $.30/kwh, thereby changing the whole dynamics. How much does Tesla "charge" at their Supercharger? Are there different rates depending on time-of-day? How much do you have to pay for all the other maintenance things on your gas trucks? Your Tesla tires look outrageously bald on one side. No time for rotation?
I'm in the upper midwest (Wisconsin/Minnesota area). Electricity is 0.14/kwh in most places. Supercharger rates vary by location and charge method (some charge two rates, charge speed based and time-of-use based). I average between 0.33-0.40/kwh added to the battery from Supercharging (so $30 for a full 75kwh charge (from 0-100% on my battery's capacity). For tires - I rotate as close to 6,250 miles (recommended) as possible. The cause of the wear is that the car is heavy, and performance tires are relatively soft. They tend to wear faster on the inside of the vehicle.
Home electricity rate around here is $0.30/Kwh. Area supercharger rates are over $0.50/Kwh. So basically it's a wash compared to ICE car. Also, Tesla are known to wear out tires at twice the rate, which by itself is a substantial expense. Therefore, you would not save anything going electric if you are leasing a car for say 3 years. I never had to replace the tires on any of my leased cars, but would have to on a Tesla. Also, the cars I lease for example come with all scheduled maintenance covered at no charge for 4 years/50,000 miles. So, where are the savings going EV? I also hear many people having to pay much higher premium for car insurance on a Tesla
Those are all things someone would need to consider when crunching numbers between two vehicle options. Every car deal is different. I've never had a gas car that included oil changes, radiator/transmission fluid, or 4-wheel drive differential service included in the maintenance. Just warranty repairs covered. Tires are a real pain - that is the one area that I agree is higher (my factory set last about 31,000 miles). But, none of my other cars have accelerated like this one, so more tire wear is expected. But, nobody *has* to go 0-60 mph from a stoplight with a smile when seeing other cars in the rearview mirror still crossing the intersection. If disciplined to drive an EV slow, then wear should be similar to other vehicles.
Electricity is sold by demand also. Add several million cars on a weak power grid. When electricity is in short supply, what will the price be.
Yes - infrastructure is very much needed to support expansion. We use solar panels on our house for 80-90% of our charging.
Yes that is a good question on is an Electric vehicle worth switching over to from my ICE vehicle.
I would like to have an EV just to break away from the gas pumps which cost here is currently at $4.50. I am retired and only do around town driving, so my charging would only be done at home. I haven't done long trips for a long time.
Will gas pump prices go up in the future months and years, only Time shall Tell.
Then again, with more and more Electric cars on the road and using more electricity on the Grids, will electricity rates also go up to meet the demand. Will there be increased taxes on the charging stations like they do with the gas pumps so the state or governments can find a greedy way to get more income off of consumers. We talk about the EV cars themselves but we have to remember where and how we get our electricity to run them and the costs to do so.
I feel all this mentioned will happen if not already, it is just a matter of time.
Good thoughts. Yes, it's not perfect. I've added solar to my house, so all of my home charging is via renewable. I've owned for 3 years now and do not miss gas station stops, unless it's to get a donut.
How much more does a Tesla cost than a Honda CR-V? Is it like a 2000$ difference or a 20000$ difference?
It depends upon where you live, but there is a big purchase cost difference in most places. However, depreciation cost difference should be considered as well in vehicle cost difference (unless someone is planning to purchase the vehicle and own it for the entire life of the vehicle).
Where I’m at in California it is .43kWh off peak at home 🤦🏻♂️
Yikes - that is expensive. We're at $0.15 now, but I see a number of states are above $0.40. We put in a 12kW solar panel system last year, since electricity costs won't go anywhere but higher, unfortunately.
Just charged my model y only 88 miles but the cost was $14…damn
That's crazy.
On long trip time is money and money is power
Losing 30 min after 270mile drive it won’t make sense to me on long and country road trips.
Camry gives you 400mile range and avg of 40mpg on 93gas. Cost way cheaper and reliable.
Thanks for the watch & comment. I like the Camry, too. It's a nice car with great body styling. We test drove one and almost bought it, but the RAV4 was more of what wanted in size and cargo space. That indirectly led me to the Model Y as I already have a hybrid and was interested in full battery EV to really max out my electrical bill :)
A Tesla u need to compare it to a V6 or a 4cyl turbo a bolt u can compare to a 4cyl
I just used a couple of vehicles that I've owned for reference. My larger goal in this was to show the calculation I used to determine cost to charge an EV battery to full. Using the methodology, someone can plug in numbers for their gas vehicle to determine whether it is a savings or not to drive electric (after the initial higher cost of electric vehicle purchase).
I think I am doing the math correct......you drove 37500 miles and saved $2,750.00 difference between $4,750.00 and $2,000.00 so to just get back just $22,000 you have to drive 300,000 miles. Also still short quite a bit Model 3 vs. Honda CR-V
Correct, just looking at fuel savings. But pulling in other expenses like maintenance and depreciation/resale value differences, the gap narrows somewhat. But, honestly, I didn't buy it for economic reasons (and certainly not with current new car prices). The tech and performance are what pushed me towards this EV. High safety ratings, too.
It doesn’t make sense at all to by ICE anymore, if you are a forward thinking person. Bottom line is just ask yourself one question, and that is do you really think gas will ever go below $3 a gallon ever again? I believe not. The lowest I’ve ever seen gas was 90 cents a gallon when I was a teenager. Gas never really goes down and it will never be cheaper to operate an ICE vehicle over an EV at this point in time. Not to mention EVs are superior to ICE in almost every imaginable way.
Thanks Chris. Your comments are spot on. If only Tesla could hold off an any more price increases, I think many more will adopt sooner. I'm starting to see quite a few Mach E's and even some ID.4's out in the wild too. I think more people are getting that the overall cost of owning/operating is competitive and performance is much more fun. Thanks for the watch & the post!
California’s cheapest kWh is 24 cents :(
Crazy. We've been 13 cents for a while - hoping we don't catch up to CA.
I fear that due to world events, GAS could hit $10 bucks a gallon by the summer and $15+ by Christmas if the government does not intervene to support the economy.
+Commuter branch line yes - it could definitely go up. I was watching a Vlog from a guy in Sweden where he showed gas over $8/gallon. That’s a real concern.
@@JohnVanDeVoort Gas in the US is very cheap generally. I assume that's why so many people drive pick up trucks! Even now it's cheap compared to many countries
Thanks for the info. The more I study EVs the less I want one. Between Tesla's price gouging and the unavailability of most other EVs I can put a lot of fuel in my 30 mpg Subaru outback to make up the 15k-20k price difference. Seems like people are encountering a lot of broken chargers. I'll just have to keep my $50 for 600 mile range with unlimited 2-minute refueling options and save the 15K to 20K for now.
You're welcome! Thank you for the watch & thoughts. My goal in covering this topic is to share my experience, but also know that there are a lot of other experiences out there. I also agree with you in that I'm extremely disappointed with Tesla's pricing. The silver lining (if there is one) is that resale values are holding very well (but is also due in part to supply chain constraints).
It is not cost efficient to own a tesla anymore, I compare apples with apples, for me with a Model s to travel 500 miles is equal to 80 dollars(off peak hours in California), my wife's Prius gives you more than 500 miles for 56 dollars, at today's gas prices which is insane.
The economics of it are getting harder to justify from a purely cost perspective. We have a Chevrolet Volt as a second car, and experience the same. But, in our case, we have solar, live in the upper midwest, and commute mostly around town for work/shopping. For me, the primary benefits are convenience (car is ready to go without fuel stops when I leave the garage each morning) and tech/performance of the car. Also, when I drive a gas car, I find myself missing all the little things, like phone as the key, no 'start' button (just shift and go). Once, in a rental, I jumped out of the car and shut the door with the engine still running. I'm truly spoiled with electric 😄
Let’s compare a gas car that gets 35+ per gallon not a truck lol
At $0.16/kwh (average electricity rate this winter in my state), a 75kwh battery full charge (0% to 100%) will cost $12. With a rated range of 288 miles, it would cost $0.042 / mile to drive in this car. Using data from a recent winter road trip, my car would go 162 miles using a full battery (so worst case scenario), making cost $0.074 / mile driven. Using that info, someone can crunch numbers with whichever vehicle they'd like. I agree that a truck isn't a like comparison, but included the Honda CR-V as well as that is a bit closer and similar-sized vehicle that we own.
It is not the same as
Definitely not - I like driving electric much better (for many reasons- performance and tech being the primary ones) 😎
Just tell by the way you do your math your getting paid
I don't know if that is a compliment for the video quality or my math ability. But, thank you either way 😉 I'm too small of a channel to catch sponsorships.
Dont forget to tell people its 20plus k to replace a battery
Let me know your source on the $20k+ price tag. I've heard $5-7k quoted regularly: interestingengineering.com/tesla-puts-price-on-model-3-battery-module-replacement-around-5000-7000
Tesla's batteries are probably going to outlast the vehicle. Most of their batteries are now million mile batteries.
What about maintenance? If your gas engine goes, the cost is about $4k to $7k to have it replaced, while an EV's battery could be as high as $25k. Also, solar on your house? Good luck. Studies show you will barely to never recoup what you spend on a solar system versus what you save, and with the shift of electric companies to no longer "buy" your surplus energy. Also, need to fill up on gas? Takes 2-4 minutes versus hours for an EV.
Solar panel home owner here.
1. The buy back program is protected by NEM 2. Existing and new Solar users are grandfathered.
Before I installed solar, I paid about $225 a month for electricity. I now pay $115 for my solar panels and about $20 a month to my electric company. With electricity prices set to increase, I strongly recommend that you go solar soon.
Coincidence :) the reason I'm driving a Tesla is that I owned two Chevy Silverados (from 2002-2011 and 2011-2019). I purchased both trucks brand new and kept the first one until the 4-wheel drive failed and second one, the engine threw a rod (and damaged the #6 cylinder beyond simple repair). For the engine replacement quote - used was $4500 and new was $9000. I considered it, but then thought 'what if the transmission goes next?' For me, if I get to the point where I would have to throw large money into an older vehicle, I would rather move on to something with lower financial risk. Now, if I were a better wrencher, I could work on my own gas cars and maybe save some money. But, newer cars are very specialized/computerized, so those days are probably gone (at least for me). Missing my trucks... I just drove the Ford F150 lightening and Rivian R1T. Maybe...?
We're in our first year of solar, so data is too early to share overall savings. However, I totally agree - especially with two plug-in vehicles (Tesla Model Y and Chevy Volt). Over the summer months our combined electric/gas bill stayed below $100 (one month was negative/credit). Before solar, the combined utility bill was $430/month. Solar is expensive if buying, but I do love having a 'gas pump' right on my roof.
Wrong
It's data - not right or wrong.
comparing an suv and a truck to a tesla?.... lol those numbers wouldn't ever fail. "great comparison" hahaha
Actually - the Model Y is very similar to the CR-V in size and cargo capacity. The truck - yes (not apples to apples), but the video was from my ownership experience in real-world transportation expenses.
People don't seem to comprehend that as the price of gas Increases, so will the price of electricity as well. The investment needed to own an ev, its trash resale value aftef 8 years (because u have to replace the batteries) gives u all the information you need. Gas cars run for ever, plus they r actually cheaper. ICE cars win overwhelmingly
+Eliyas Kadi yes, with inflation, everything is going up.
They run forever...come on. Lol that's not true and you know it.Ev can go 400,000 miles before you need to replace the battery. And then it the cost the same as replacing a car engine.
@@joshuapolite3054 I’ll put a video up to share the battery replacement cost when I get there. At my current pace of 20,000 miles/year, it may take me a while 😉. In seriousness, I owned two Silverados from 2002-2019. I like to buy new and drive them to well over 100k miles. The last truck I had blew the engine after 132k miles. Replacement cost quoted was between $4500-9000, depending upon new or rebuilt engine. I sold the truck to try electric for a while. Maybe for good - I don’t know yet. I’m still on the next 100k+ mile experiment.