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My 240 volt outlet cost me about $300. 70 feet from breaker box. The money saved not having to buy fuel is wonderful. Spent $180 in the last year. About 12000 miles. The state of Georgia charges $200 a year for electric vehicles. Got to pay those road taxes. Roads and bridges you know. Love my MYP.
the cost of an EV is what really prevents people from saving any money. Sure, you save money on gas but you would need various years of ownership to make up for that when it comes to the price difference. It just doesn't make sense to own one right now. Maybe it will in 10-20 years.
You should have balanced this with a 7 unexpected savings elements as there are a lot I didn’t originally factor into my cost savings calculations. 1. Utility special EV charging rate of 6cents / kWh. $200 for 12K miles. 2. Free charging - my last 3000 mile trip, had almost 1/3 of the charging was free. Hotels, local city chargers, Cape Kennedy, relatives house, etc. This equals over $250/ year for me 3. Work mileage rebate from IRS not adjusted to EV’s yet, so I make $100 in profit every time I drive to airport for work travel of pure profit as I am paying $0.02 / mile and getting $0.65 IRS credit based on gas vehicles 4. HOV lane pass - convenient. 5. Utility $120/year ($10/month) direct bill credit for signing up for EV pulse to auto schedule at lowest cost tier. This is literally 250 miles for free each month paid by the utility. 6. Maintenance costs so far non-existent. I am sure others can come up with one more. This puts my total savings over $2K per year and I don’t drive that much.
One more point, I too got a large quote for Tier 2 charger installation, but since I work from home I didn’t need so I used the 110V wall charger for all my charging. I was originally worried about this, but 40 miles per night or about 100 miles / day is not an issue for me.
The free charger one is a huge surprise for EV owners. I'm in a Nissan Leaf and I was shocked to learn (at the time I got it) that my state had old outdated superchargers (CHAdeMO) that were free to use (but also very iffy on if they worked and you'd often have to call their number to get it reset). My first few months of driving were absolutely free. Eventually the state actually updated them (and added a CCS charger) and they're now expensive, but the level 2 ones are still free (though very damaged at this point). For non-Tesla, there is a hidden negative surprise, though, and it's basically what I covered: unreliable chargers. You don't always know for sure if a charger will be available and working and accessible. I once was forced to use a public CHAdeMO that had a broken touch screen. Spent a good 5-10 minutes in the cold rain tapping out my code only to have it deny me because the server was down or something. A fellow Leaf owner stops there and has a card to tap to it and they offer to let me use their account to charge up. The charge was free, but it was a hassle and I would've been stranded without someone's help.
Just did another 600 mile trip to CT from MD for work for about $10 total in electricity. Tolls were almost $75. Got free charging at the Marriott, free charging at my cousin’s house and used about $4 for a splash and go from a supercharger and $6 of home electricity. I will be getting about $300 in IRS car usage rebate from my employer. I have already exceeded my $400 profit a year estimate from my work expenses in 3 months. Until the IRS fixes this, this is almost all profit that can be used in your savings calculations. My yearly savings is way over $2000 / year already without properly figuring in reduced maintenance costs.
Some of these are very state and circumstance specific, but this is an excellent point and great idea. Lots of these are indeed worth considering as well😀
In late September 2023 in California it costs about $100 to fill an empty tank (17 gal x $5.80/gal). I fill up 3 times a month driving about 15K miles/yr. Annually gas costs about $3,600. Plus oil & filter changes a few times a year adds another $400. That $4,000 annually is a lot more than these expenses you’re pointing out that, YES, Tesla does tell you about.
If EV owners need to pay increased registration fees to help pay for roads, then ICE owners should pay increased fees for polluting (actually, oil companies should just pay a tax on oil sold).
Actually evs are polluting way more than gas powered cars. Green is a scam. You use more power which means the power company has to use more fossil fuel to provide energy. Get a clue and off your fake high horse.
The biggest expense is body repair. It can cost almost the price of the car to repair body damage that might cost 3-4k in any other car. My insurance covered mine, and they did beautiful work, but I would think twice about buying another one because of this cost. Surprisingly the insurance company did not raise my rate, but maybe that's because it is already baked into the high rate I'm paying. Many of these "hidden costs" are also true on any other car.
My 2021 Y Performance has 43,500 miles presently and I had those p zeros that lasted 22,000 miles on the back tires. Replacing them cost me 1,000 bucks! At 39,000 miles I switched to Gemini wheels and all season continental. Much cheaper to replace and a little bump in range increase at around 20 miles total range 😊
Evs weigh a lot more than ICE vehicles meaning more tire wear and increased brake distance. EV is really not about saving money, but about 0 emissions.
To install the wall charger 75 feet away from my breaker on the outside wall of my house cost me $2,300 before buying the wall charger itself. I received 3 quotes that were all within this range. The material to install it myself would have cost a little less than $700. The amount labor involved is probably 2 hours with easy access to all joists and no drywall work. Expect to get taken on an absolute ride by electricians. In the end I opted to have the work done for liability reasons but its a fairly simple install. In addition my driving record is flawless and my insurance went up $65 a month with the Tesla coming from a 2017 Toyota 4Runner TRD Offroad.
After purchase of a Tesla wall charger, I paid an electrician $800 to install it, which he installed at the entrance to my garage door, which the breaker box was in the back of my garage. Upon completion, the wall charger had no visible line running to it.
@@XX-166 sure, if you’re retired, or if you live within walking distance of everywhere you drive to. Might as well pocket the tesla money and buy a scooter. they charge off 120 too
I bought a Model Y 2022 and I got Tesla insurance. They give you a "Safety Score" of 90 to start with and adjust it based how you drive. My initial premium was $145/month at the safety score of 90. After 1 day of driving my safety score was 96 and my premium was adjusted to ~$111/month. After 2 days of driving my safety score was 97 and my premium was adjusted to ~$105/month After 3 days of driving my safety score was 98 and my premium was adjusted to ~$100/month After 4 days of driving my safety score was 99 and my premium was adjusted to ~$95/month This is lower than I was paying for my 2014 Honda Accord Hybrid. Conclusion: Insurance on a Tesla is cheaper if you use Tesla Insurance.
"I got Tesla insurance. They give you a 'Safety Score' of 90 to start with and adjust it based how you drive." Cool. I was wondering how the initial pricing went, but hadn't looked into it. When I bought my M3P, on the recommend friends and family I checked with USAA... they quoted $120/mo. Sold. In four years, I have nothing but praise for them. One catch... the requirement to be - or have been - a servicemember, or an immediate family member of one.
You do realize big brother is Watching?? Do a few launches and watch the score drop?? Lol I have been driving my ice for a whopping insurance rate of $45 a month and I give myself a rating of a solid 92%(I like to drive safe,but spirited) lol
After owning my Tesla, I found that to drive it from MN to FL I would have to stop and charge 16 times, adding roughly 9 hrs to my trip, or basically another full day of driving. So I paid $2500 this year for shipping to and from FL.
"from MN to FL I would have to stop and charge 16 times" Do you have a Standard, Long-range, Performance...? I'm ball-parking Minneapolis to Tampa Bay at around 1600 miles. If that's correct, does that mean you were anticipating charging every hundred miles? I guess that depends on total vehicle range. I haven't taken a trip that long yet, so...
@@mn_ice "The Tesla mapped out the route and charging stops." Ah. Ok. Not having let mine map a route yet (since I haven't gone far enough to bother yet), I wonder how it decides the stops. I should go somewhere and find out. lol
"What I save on time not having to go to the gas station anymore alone is worth it." Right? "Oh look, my 'gas tank' magically filled overnight again." Driving by gas stations has its amusement value now, too. "Oh look. A gas station. How quaint." Though, four years in, now I hardly notice them.
What about time wasted during charging? At least most gas stations have snacks and some have restaurants. Very few charging stations have them nearby. Most ICE vehicles have nearly 400 miles of range, which doesn't change much in cold temperatures and refueling takes 5 minutes, not 5 hours. To top it off, EVs aren't zero emission vehicles because the grid uses primarily coal and natural gas to generate the electricity.
I came to argue because I thought it was going to be a Tesla bashing video, but it was on point and honestly I wish it was things I knew before I bought my car. The check I had to write when I got my tags hurt so much!
Just an added thought for disabled veterans. Depending on your state and the percentage of disability you have you may be able to get reduced registration fees. And you may even be eligible to get reduced property taxes as well. In NV and at 60% disability they knocked off more than $400 in DMV fees when i bought my model Y.
@@jacksongil9123 I t is based on the purchase price of your car. My Y was just over 57k and the registration was just over 1k. As a disabled vet they knocked off more than 400 of the cost. And with my model YP I will be due the full 7500 tax rebate when I file my taxes next year. Currently there are no other road taxes for an EV in Nevada.
That's different for me. If I were to buy telsla, my car insurance will go up $500 but if I were to buy a Toyota, my car insurance goes up $300 every 6 months. Even though the telsla costs less.
@@LylyMing79 "If I were to buy telsla, my car insurance will go up $500" You definitely want to shop that around. When I bought my Tesla, Farmers wanted to bump my rate by $600 a month. Friends/family had been nudging me to try USAA anyway, so I called them. "Uhhhh, yeah, we'll need to bump what you're currently paying byyyyy... $40 a month." "Where do I sign?" For non-servicemembers, though (current or former) Tesla itself is worth looking at.
It's a good thing you've put time into this, but some of these are not exactly relevant for many owners. Some things, like the tires (of which there are alternatives) and insurance, can look exactly the same as any expensive, "premium" vehicle. Charging outside of the house is, again, not unlike purchasing fuel from a gas station: some are high, some are not, and you just need to do your homework. Regarding running expenses, I'm sure some owners have their stories. But, the vast majority of Tesla owners have spent very little over the course of their 3-4-year ownership. We have a Model 3, now in it's 3rd year and with 25K+ miles on it and have only spent additional money when we ran over debris on the highway, and for someone to come by from Tesla to look some things over, and only replaced a cabin filter (and did a diagnostic, updated everything, and made some no-cost recommendations - for $65 total). A friend is on year 5 for his 3 and has the same kind of experience, including Tesla calling THEM regarding an indication their battery pack - which was still under warranty - was not holding a charge like it should, and replaced it under warranty within a week AT THEIR HOUSE. Another friend, on their second Model S, quite literally only bought tires at the 45K mark for the first S, and he drove the snot out of that car. They both installed chargers at home (and one a battery wall which is pumping electrons back into the grid), as well. Good to be aware, indeed., but it's important to take the entire landscape into account. The information is out there. I'd say with comfort, and as a rule, these cars will be far less expensive to own after the warranty is over. The specter of a battery replacement is becoming far less of a major financial moment every year, and they are clearly going the distance.
Yeah, everything on a Lexus ES300 costs twice as much as my Camry for the exact same parts. I pay $800 a year for insurance and my tires were about $700 for 60000 miles. So expensive, oooh, I feel so broke now. I even have to fill the tank monthly, what a shame, poor me.
My daily roundtrip commute is 96 miles and I used to pay over $300 a month to gas up my prius in California. I pay nothing to charge my Tesla with solar so I save nearly $4,000 a year in gas savings.
Installing a 240v outlet or wall charger can get even more expensive than stated if you have factors such as a) the garage is a separate unit rom the house and/or you need to add a sub panel because where you park is far from the main panel. I have both issues and my quote was for $5500 to install outlet, sub panel, digging a trench in the yard to run conduit, etc. Some homes just have less ideal setups for you to install. So I am looking at a more diy approach to cut costs, but a qualified electrician will still be needed to help make sure it is done right. Definitely need to budget to prepare for these expenses.
I added a dryer outlet. 240 v giving me 24 Watts max. Still quick and wasn't very expensive. I also updated my 100 watt panel to 200 watts. My driveway is near the new plug. I run the mobile connecter through the dryer outlet and charge my car. The dryer adapter cost $35. The upgraded panel and outlet cost $2500.
@@XX-166 I used a regular outlet for years with my prius prime. I was updating my panel and added the dryer outlet just to update my home. It wasn't expensive and works even better.
I would not consider any of these hidden expenses. If you do your due diligence before purchasing the vehicle you would have known these. The only thing I missed when I bought mine was that I did not realize that my M3 came with summer tires; I had to invest in a set of winter tires.
And honestly depending on where you live you may not even need winter tires. And if you do need them, you’ll definitely have better traction in snow that “all seasons” anyways Cheers
This is just another political game fooling people. I would suggest waiting too, because next is Home insurance increasing for those who have these electric cars that cost way more damage in a fire.
My time, on a trip, is $250/hour. Every 200 miles, add $250 to EV costs. Add more charges if I have to wait for an open charger or have to shop for one that even works. Add the horrible expense of extra nights in hotels and expensive restaurants. EV chargers are not located at McDonalds or Motel 6.
Thank you. Overall tesla's tire cost is a plus due to long life. But do not forget to budget for snow tires since regular performance tires will not be suitable in snow areas.
My Type V (rated to 149 MPH) tires only are rated for only 60000 miles since they are high performance all weather ones. They get better traction then mere snow tires.
Hi I’m in the UK and I’ve had a M3P for over 3 years and it’s had about forty visits to Tesla for warranty work over that time, but I went to book it back in for the suspension knock again (changed 3 times over the years) but this time they wanted me to pay £99 to book it in for the warranty work this is their new charge for warranty work
Well, it is an Audi, driving heaps of garbage, endless money pits, was your previous car a Fiat, they are total crap. A bet you think a Dodge RAM is not junk too.
Don't forget how much you paid for fuel, and maintenance, oil and filter changes, inspections etc for your ICE car annually and then all these expenses begin to fade by comparison.
1:05 just got hit with the $400 EV registration fee in Texas. It literally just started this month too and I could have narrowly avoided it if my Model Y wasn't delayed by an additional 4 weeks after the estimated delivery date. I'll have to pay it eventually, but it would have been nice to delay it by a year.
I have a model 3P. No one told me that it would attract really beautiful women and that they expected me to spend a lot of money on them. I never budgeted for that when I bought the car :(.
Just took my leased BMW i3 EV for it’s 1st service at just shy of 2 years. The screen says next service, June 2025. Told the service rep sorry…the car has been perfect, everything works, every knob and switch where it supposed to be.
#1 not in my state #2 cost me 35 bucks to install myself #3 Super Charging is free with my Model S #4 ceramic coated it myself for 75 bucks Accessories are optional #5 yea, my tires only last 35k miles as for cost, I never buy cheap tires, no matter what car I have. #6 yes insurance is more than my ICE car but not as much as described here #7 Premium connectivity is free with my Model S #8 no maintenance in 8 years except for my 12v battery (replaced twice)
Oregon's registration can be pretty steep. I paid I believe $300ish for my used Nissan Leaf. However, an interesting thing I learned while trying to research the cost of owning a Tesla: we have a program called OReGO that charges about $0.02/mile to help repair roadways and bridges and if you're signed up for that, registration drops to around $80/$160 for a used/new EV.
Just ordered my model y performance yesterday. I’m about 45 minutes east of you. I’ll probably end up taking delivery in Nashville. What would you rate your experience?
Many of the items had nothing to do with tesla or ev. Premium connectivity exist on most brands. There is onstar, onlink, bluelink etc. And even other brands always force us to buy their pricey car mats and other accessories
You can buy them online for a LOT cheaper, genuine Toyota too. That is how I get my accessories (floor and trunk mats, etc.) and supplies (filters, etc.)
My Tesla registration is about $200 more a year, or $16 more a month, more than my wife's Camry. My Tesla insurance is $47 more a month than my Camry so that comes to a grand monthly total of $63 a month but I have solar and I basically don't pay a dime to charge my Tesla all month long while my wife has to pay over $300 a month in gas and $100 for oil changes and $250 for tune up's and all the other BS maintenance fees I don't have to pay in my Tesla so driving electric saves me a ton of cash every month.
What about the "hidden costs" of internal combustion cars? Gas taxes. Why should we expect electrics to not help pay for roads? I have no problem with added registration costs if I am not paying for roads through gas tax. What is the other choice? No taxes but make every road a toll road?
So the registration fees does this effect disabled vets as well…my current registration only cost like 10 bucks cause I’m a disabled vet would this go up if I get an EV?
08:20 I am driving a Dacia Lodgy in Austria and need for 70.000 km 6 tires (I have to exchange the front wheel tires twice as often than the real wheel tires) for 50 € each. Considering a Tesla Y, I was shocked by the tire prices. I researched the theme. The cheapest winter tire for the Y is in 235/55 R18 for 70€ The cheapest winter tire in 255/45 R19 is 110 €.
@MattDanadel, if you happen to know, should I expect paperwork from Tesla for the tax credit? It's been a few months and I can't find anything on the website. The Model Y rocks.
Great Video. No registration fees in Florida. Love my Tesla and dont think I will go back to gas cars any time soon.I charge at home and its alot cheaper than fuel these days. My car is always full... lol
"My car is always full... lol" That has to be one of the coolest aspects of owning an EV. "Yawn. Oh look, my 'gas tank' filled up overnight. As always."
@@marlu6373 Its ok . every time you fill up your gas car you pay a gas tax. So it pretty much evens out at the end of the year. Still save money charging at home.
I couldn't justifying replacing my crossover with an EV. But I build my own Ebike. No car registration or insurance. Cost about 5¢ to cover 15 miles of riding.
Thanks for the video, despite all the negatives you highlight I still think Tesla (and all EV's) are excellent cars and the way we should go in the future. As hard as it is we have to say goodbye to fossil fuel cars.
Enjoy your videos. Very informative. Texas just passed a new bill that adds $400 initially, with a subsequent $200 per year over the standard registration fee.
As long as the car is paid off by the time i have to replace the batteries or motor its all good . Im paying 800 dollars a month for a car payment , and 226 for car insuramce . My car costs me over a grand a month
Got a company to come give me a quote to install a at home charger. It was 3k to get the setup done. I did the math on this. With the battery needing replaced and tires and such, it will cost me 6 grand more in owner ship then getting a new Tacoma. Not worth it in my case.
How is any of that "hidden" by Tesla or any other vehicle manufacturer? Maintenance, insurance, fuel (gas or electric), tires, etc. are required for every. single. vehicle. on the road. You'd have to be pretty naive to think any of this is "hidden"
Sorry, but we don't have EV fees in Hawaii. We pay more on EV registration fees bacause it is based on vehicle weight. Makes sense cause EVs are heavier whereby it takes a toll on our roads.
11 cents to charge at home where I live which is why a see a lot of Model 3's but ALL charge at home. Half my Neighbors cars are Tesla's. I live in decent part of town. Lots of families where kids walk to the school half a mile away from me.
Agree. My 2022 Model S has a wider and more durable tire in the rear prevents me from rotating the tires. Also, most of the driving of all wheel drive Teslas is on the rear motor unless it is a slick road needing the other motor to kick in. Tire pressure is very important not so much rotation. My tires last into the 30,000 mile plus range.
Better recheck your figures for Supercharger use. It ain't that cheap anymore, especially considering many, many owners pay those idle fees. Especially on highway trips in cold or hot temps where EV efficiency drops (HVAC takes power), at current gas prices many similar sized efficient ICE sedans will cost LESS to fuel on highway trips vs Supercharging a Model 3.
I knew about most of these. It would have been informative to research how much you'd have to drive to make up the difference in gas tax for roads vs registration fees for roads.
@@seeking70IKR? it's almost like doing the math is too hard. ..oh wait that's right he didn't do the math, just agreed with you. still not 20k for a reason.
They’ve conditioned us so well that most can’t own an EV with out the cost of also having a smart phone of some sort. But no accessories to accommodate , considering most now Days use their smartphones for most everything. As lame as that sounds.
Just replaced the 12volt battery after 3 years. Easy to do and only cost about $80 bucks from Tesla. We have a 2020. I think they switch to Lithium battery after the year 2021.
If you purchase a Tesla, you soon realize it is a minimalist vehicle. You will need to purchase a home wall charger, if appropriate. Note: You might be able to have your local electric company pay part of that expense. You will need to purchase certain vehicle tools like different types of charging apparatus. You will need to purchase floor mats, drink holder, etc. Additionally, if you intend to use your vehicle to sometimes camp, you will need to purchase a mattress and other items of that nature. Finally, you are told that the vehicle should be wrapped or partially wrapped as well as coated, which can be a large additional expense.
Why would I camp in the car with an inflatable mattress when I have a bed at home or at a motel? Good for ppl who like knocking their heads in a crammed car space huh. I rather pitch a tent it’s got more head space than any car.
@@bobby350z You might be correct, however, wrapping, coating, charging unit/installation, and certain key tooks could add an addition 10K to your overall vehicle cost.
@@markroath98 - charger installation is definitely expensive here in CA but overall charging at home is much cheaper than super chargers. Wrapping I did on my Z 20 yrs ago, not going to bother now. Maybe someday if I buy a nice Ferrari, then maybe.:)
"If you purchase a Tesla, you soon realize it is a minimalist vehicle." "You will need to purchase a home wall charger" If you normally drive more than 40-60 miles a day, a home wall-charger is beneficial. Flip-side... What ICE-vehicle owner can install whatever it would take to have the gas tank refill overnight, especially regardless of how close it is to empty? "You will need to purchase certain vehicle tools like different types of charging apparatus." ??? Um... Tools? Charging apparatus? The first point already covered charging, so... what tools? Adaptors to allow charging from other (usually slow, crappy, one-or-two stall) charging stations? Not a necessity at all, but sure, they can come in handy maybe once every couple or few years. "You will need to purchase floor mats, drink holder, etc" Need? No. Many (most?) new car owners *of any brand vehicle* do want to accessorize their vehicles in multiple ways like that, though. Not a Tesla-specific consideration at all. "...if you intend to use your vehicle to sometimes camp, you will need to purchase a mattress and other items of that nature" What??? Again, in no way Tesla-specific. Do *any* other new vehicles come with a mattress, camping gear, whatever? "...you are told that the vehicle should be wrapped or partially wrapped..." That's a *sensible* thing to do, but *again* it's a sensible thing to do for any brand of new vehicle. Nothing Tesla-specific about the value of doing that.
Not really until like 2-5 years of driving it. Saving on the gas your would have used. Battery mining/manufacturing is really intensive on the environment. More CO2 produced for a new EV than a new gas-powered car.
I don't know why people think supercharging is cheaper than gas. It isn't. Under most circumstances it's pretty close to the same unless you're at a supercharger that charges less at night.
"Under most circumstances..." TBH, I don't use Superchargers all that often (uhhh... maybe five times in four years? ...with three of those being across a 2-day road-trip), so how about some specifics? What sort of charge rates are you seeing / have you seen, to call the Supercharger rates "pretty close the same" (as the cost of gas)?
@@patricksweeney6334 The average supercharger cost per kWh in my area is 36 cents. My wife's CR-V hybrid gets about 35mpg in the winter and over 40 in the summer. On a recent highway trip it got over 45mpg. Teslas will get from 4 miles per kWh to less than 3 miles per kWh on the highway depending on how fast you drive and the temperature so a direct comparison between 3 miles per kWh and 35mpg comes out to the Tesla using about the equivalent of gas costing $4.20 per gallon. When you compare 4 miles per kWh to 40mpg it comes out to $3.60 per gallon. BTW, the CR-V is larger than the the model Y and much less aerodynamic. Tesla overestimates real world miles per kWh cost and they use high gas per gallon costs when they make their gas savings calculations. Now you can argue that many ice vehicles on the road today get 20-30 mpg and then you'd be right, supercharging is less expensive, but it's not a valid argument. Most new vehicles that you purchase today get much higher mpg and 35-40mpg is very common when you're looking at vehicles that are the same size as the model 3 and Y. Want to compare a larger vehicle? The Cybertruck is suppose to be around 571 wh/mile. That comes out to about the equivalent of a vehicle that gets 17-18 mpg. That's using $3.59 per gallon for gas and $.36 per kWh for supercharging. Now if you charge at home there is a big difference. For me, charging at home is slightly less than a third of the cost of supercharging.
I use Superchargers everyday 23 cent khw most I pay in day time cheapest 15cent to 17 kwh at night All Supercharger locations are not equal most overcharge u have to find the cheaper ones
@@snow-uq4gx "I use Superchargers everyday 23khw most I pay in day time cheapest 15 to 17 kwh " Um... what? How much are you saying you're paying per kWh?
@patricksweeney6334 the most 23 cent kwh the cheapest 15 cent. All Superchargers are not equal most are over charging I Never go the the ones charging 45 or 50 unless emergency the cheapest I seen was when I drove to.las Vegas 12cent kwh
Tires are around 30% more and last aboit 40% less than a traditional gas car of the same size. Brakes cost 400% more and last about the same as a gas car of the same size. Pretty much every part is 3-4x more expensive than a gas car. If you own your car for 20,000-40,000 miles, yes, maintenance is cheap. But long term, you will spend way more owning a tesla than a gas car. Not only that, once tour battery is degraded, your car is essentially a brick. Unlike a gas car that can get a motor rebuild or replacment for a few thousand bucks, a tesla battery ks 20,000+. Might as well take the loss and buy a new one. In the end. Saving 3-5k on gas doesnt warrant the extra you will spend across long term ownership.
Protecting a cheesy paint job is not an "optional" expense. Tesla paint is notoriously bad. Adding the cost of PPF is mandatory. I can think of 54 billion reasons Tesla cheaps out on the paint quality.
😂 Maintenance costs are supposed to be less with an EV but I haven't seen that with ny model S. I can do much of my routine maintenance on my ICE vehicles but not much on the Tesla. Right now my Tesla has a problem with the battery conditioning system. I believe it's going to be an expensive to repair. So although EVs have fewer routine maintenance requirements repairs for any problems are expensive.
I’m a fan of more EV’s, however I have the same thought too on repair cost. I like to and can work on my ICE vehicle but when there is a problem it’s a “slow burn”. You get a bit of a warning when there is a problem that needs to me fix but with a EV it could be a problem that could leave you stranded and there is no tool in the trunk to save you. Also to you point an expensive repair if something goes horribly wrong.
"What about car insurance coverage?" It varies. Tesla itself offers good rates for good drivers. USAA is great for current/past servicemembers and their immediate families. Many well-known insurance companies offer, uh... the opposite. It definitely pays to shop around.
My experience in over a dozen new cars in my lifetime OEM tires last about 18,000 miles. My tesla is right near that and guess what new tires. Most of my tires in last 10 yrs $200/tire min. That includes normal cars. Trucks or cars no matter. In Texas years they increased the ev rate. My understanding is they are charging $200. But my gas cars are$75. So it's really only extra $125. It's never going to be zero
In the UK road tax was based on the emissions of the vehicle. Now the govt has changed the laws to capture the growing number of EVs on the road. Some will pay more than petrol powered cars even.
Please tell me where in the United States uses 110 Volts as standard wall outlet power? Where I live when I put a V.O.M. on the circuit it shows 120 VOLTS and has done so since the 1950's. Get it right or go home. In regards to the 14-50 "I am too cheap to get a real wall outlet" receptacle, guess you did not see the Sandy Munroe segment on how DANGEROUS the big box store 14-50 receptacles are which are NOT rated for a continuous duty cycle. If you are going to use a 14-50R you better do your research and get one rated for continuous duty cycle or they can melt. Sandy proved it.
Agreed that EVs are heavier than the equivalent ICU cars. But if you drive the mid-size or above ICU SUVs, many of these SUVs are even heavier than EVs. So I kind of disagree the statement that EVs wear out tires faster than ICUs because of only weights. Something else together make EVs’ tires wear-out faster. However, EVs’ special tires are surely more expensive.
@@MattDanadel No that's not it. ALL vehicles apply force through the tire to the road, that's how tires work. But the answer is TREADWEAR. Research what the treadwear number means. The manufacturer-chosen tires (especially on Tesla) are VERY LOW treadwear numbers, which is why sport tires wear away so fast. A proper load range and a high treadwear number tire will last as long as on any other vehicle.
Thank you for producing a very informative video, but I think you should add some comparisons to ICE cars to refine your information. You mention gas tax EV fee but you fail to mention how much you pay for gasoline for all taxes and fees for ICE cars. I think you said the EV fee was like driving 30-40K in ICE car. In California the taxes and fees come out to $1.18 per gallon and the EV fee is a maximum of $175 per year. My wife drives a Mazda 3 and uses about 233 gallons (7,000 miles) per year or $274 per year in fees. In my Subaru, I drive 18,000 miles a year and purchase 822 gallons of gas. I pay $969 per year! I also read from others that some insurance went up like GEICO and others like Progressive stayed the same. My 2019 v-4 Subaru Outback weighs 3,600 lbs. a v-6 is 3,902 while a M3 weights 3,862 and a LR weighs 4,034 lbs. Just going to Discount Tire I was able to get tires for a model 3 for 1-200 per tire. I recently got new tires for my Subaru $872.
Thing with EVs is until electricity is produced 100%clean there’s absolutely no point, if the grid is burning coal and record amounts of electricity are being drawn from that grid to drive cars all you are doing is appearing not to pollute while still being part of the problem, and merely polluting the cheaper suburbs where power plants tend to be located. If you really want to help the planet don’t own a car altogether, cycle or take public transport. Consume less, like truly only what you need, take cold showers for your health etc etc. We cannot have our cake and eat it. Renewables will not even meet current demand, let alone what it will stand as when everything is electrified, and they still require fossil fuel inputs and are extremely inefficient. We cannot ‘buy’ or ‘build’ our way out of this problem, lifestyle change is the only real solution to reducing one’s environmental impacts. Protest as much you like, government can’t fix this, big business will only ever virtue signal (Musk is the biggest symptom of this trend: I mean the guy is burning methane to launch massive rockets instead of using hydrogen, for example, and flies about in a private jet!) only we, as individuals, can actually change things by changing our habits and expectations. And that’s the cold hard truth.
another cost of EV ownership is "depreciation"... especially with tesla reducing MSRP constantly, those who bought tesla may find a new tesla costing less than they used one they are driving
Good points. Some of them will be mitigated, however. For example, Turanza is coming out with tires specific for EVs, which will last long and perform better. Regarding the EV registration fee, my state doesn't have it, but obviously in the end, we're all going to have to pay it, because the revenue is needed to take care of the roads, so that's only fair. Regarding the accessories, that's no different no matter what kind of car you have. Making a mistake and being charged idle fees? I guess that's good to know and once you do, you should never make that mistake. Let's be honest: the overwhelming majority of people will be charing from home and this won't be an issue. Good video.
I would be wary of tyres that a manufacturer claims will last longer and perform better from a minor brand, especially if they're saying "better than Pirelli". The fact remains they're generally more expensive than on ICE cars and wear faster so it's a double whammy. I haven't watched the video yet because I have no sound on this device, but a lot of cars come in 2 or 3 variants these days, each with accessory packs included in the price. There may be very few options, things like roof racks etc. that most people don't want. Had to laugh a "idle" fees, I get it but now you even more tied up as you have to be back at the car at a specific time. The more this stuff comes to light the more put off people are going to be.
Don't basically all EVs have specifically designed tires already? Thought I watched an old Real Engineering video on how EV tires differ from regular tires. At least for Tesla.
First of all many of those expenses aren't "hidden" at all but in plain sight. Tesla lists the different charger options on their website with the price tag. That is certainly not hidden and should not surprise anyone. Then the charging (and supercharging): if nothing else using just a tiny little bit of common sense and you know that you need to charge your EV. Supercharging is expensive but even that shouldn't be a secret. Charging at home is super cheap if you live in a state with inexpensive electricity or if you have solar panels to power your home and car (I have a 27 KW PV system with 40 kWh battery storage). License and registration for our 2 Teslas is LESS expensive than for the ICE cars the Teslas replaced. The tires are more expensive but they last 60k or more if you get quality tires. Insurance is way cheaper. Both our Teslas together cost less than $1600 per year (an average of about $400 per 6 months per car). Maintenance is almost not there. Except for the car washes, wiper fluid, and tire rotations. First scheduled maintenance is at 90,000 miles and cost about $500. After 73,000 miles with the Model 3 total cost of charging was $3,600, $1,600 insurance, $1,400 set of new Michelin tires, $200 tire rotations, $200 license and registration, $200 misc items. For a total of $7,200. That translates to a total cost operating the car at 9.87 cents per mile. Gas alone would have cost a whopping $10,220 (25mpg, $3.50 per gallon)
A car at 30 mpg and 15,000 miles uses 500 gallons with a tax of 45 cents/gallon, which equals $225, which is what South Dakota charges plug in EVs. That economy car is also 2500 LB and not 4200 LB. That is 1.7 times more weight for the EV. Tax should be weight x distance with weight being the empty weight plus one 200 LB person. An EV should pay at least 1.7 times 225 = $382/year, say $400, not the $300 stated here. As for home charging...fire risks...just say no. A 100% RE grid will be 60 cents/kwh. In the UK it is now 80-90 cents/kwh to charge. That is like buying fuel for $27 to $30/gallon. You can capture CO2 and make fuel at home with new combustion tech for $1/gal. EVs will be up to 20 to 30 times more to run than combustion... Insurance for an EV is $2000-3000/year vs combustion at $600-900/year or 3-4x more for EV. Why? Crash damage totals out EV, but no combustion. Tires will be 2-4 times more...
"Tax should be weight x distance with weight being the empty weight plus one 200 LB person." Totally on-board with the idea that we EV owners should pay our fair share for using roads. Also agree that weight is a reasonable consideration. That said... how is weight factored into the difference in road-wear between, say, a Hummer HT, and a Toyota Corolla, with a one-size-fits-all gas tax? Ok, indirectly (to some extent) through the hideous gas mileage (greater consumption, higher tax) of the Hummer, but that's only indirect. Again... seems like a fair challenge, but... if we're gonna go there, weight-factoring should apply to the weight of every vehicle, not just EVs. Perhaps we could do that by scrubbing the gas tax altogether, and just going to a weight x distance tax for everyone... though I can't help thinking that would somehow disproportionately affect people who're less well-off, financially. Do the less well-off usually have to drive farther than the more-well-off? I dunno.
Both fuel and Electric vehicles should be weight based, including semi trucks. An axle on a loaded semi (80,000 LB) does the damage of 18 cars per axle. 5 axles x 18 x current car at 2 cents/mile = 180 cents/mile for a truck. $1.8/mile? Sure, that is what the Actual DAMAGE is/costs. My neighbor told me this who is an engineer on major road projects. This would also help retail stores. Poor people drive lower weight cars in general. Cars are sold by the LB. Expensive cars weigh more.@@patricksweeney6334
Lol I pay $1088 less in insurance for my Model Y Performance than my M2 Competition that I sold it for. Tire wear and price are similar in both since both are high power cars with wide and low profile tires. Compare to a performance gas car, the cost for speed with a Tesla is less.
Overall, interesting/valid points, though I'll say that number 4 has no business in this list. While everything mentioned in number 4 warrants consideration, it applies to any new vehicle purchase at all... to put it on a "hidden TESLA charges" list feels disingenuous. On a "hidden new-car costs" list, sure. By contrast, I'd agree that number 5 (tires) counts as a legitimate unexpected difference from driving pollution belchers. Weight matters a lot, and while they look like conventional passenger cars, the batteries make them heavier than looks alone might suggest. Number 6, insurance, also valid. I changed insurance companies to deal with that. Farmer's wanted an *additional* $600 a month to replace my existing car with my M3P. By conrast, turning to USAA bumped me about $40 a month, to around $120. It's hard not to imagine that there's at least *some* opportunistic price-gouging going on with most insurance companies. I haven't priced insurance *from* Tesla but the driver-specific pricing they can offer supposedly makes them competitive. Number 7, Premium Connectivity, seems like a weak entry in the list, though. For one... it's an "Oh by the way, you can get this cool add-on". It's neither a necessity nor anything anyone coming to Tesla from another vehicle is likely to expect having. And, as you note, at ten dollars a month or less, it's almost like spare change for anyone who can afford the car in the first place. So... hidden cost? Meh. Well done on #8, the anti-cost of maintenance. Not having deal with virtually any of the "normal" maintenance costs of (chuckling) explosion-based engines is such a joy.
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ill take the 1k off the teslas, is there a discount off the charger? What about aftermarket chargers?
@MattDanadel I booked it yesterday using your referral code, Thank you
matt is that referral link still work now? Oct 7 24
My 240 volt outlet cost me about $300. 70 feet from breaker box. The money saved not having to buy fuel is wonderful. Spent $180 in the last year. About 12000 miles. The state of Georgia charges $200 a year for electric vehicles. Got to pay those road taxes. Roads and bridges you know. Love my MYP.
The mobile charger plugged into your garage outlet works great. No 240 needed.
Washington state. If road tax is $150, equivalent to 3k-4k miles of driving , then I drive easily over that every year. LOL
Lol that’s where I’m from as well! Georgia is amazing depending on what part👍🏼 can’t be too close to ATL. Alpharetta/Milton is the way to go
Indiana charges me $150
Let's go love my m3p
the cost of an EV is what really prevents people from saving any money. Sure, you save money on gas but you would need various years of ownership to make up for that when it comes to the price difference. It just doesn't make sense to own one right now. Maybe it will in 10-20 years.
You should have balanced this with a 7 unexpected savings elements as there are a lot I didn’t originally factor into my cost savings calculations. 1. Utility special EV charging rate of 6cents / kWh. $200 for 12K miles. 2. Free charging - my last 3000 mile trip, had almost 1/3 of the charging was free. Hotels, local city chargers, Cape Kennedy, relatives house, etc. This equals over $250/ year for me 3. Work mileage rebate from IRS not adjusted to EV’s yet, so I make $100 in profit every time I drive to airport for work travel of pure profit as I am paying $0.02 / mile and getting $0.65 IRS credit based on gas vehicles 4. HOV lane pass - convenient. 5. Utility $120/year ($10/month) direct bill credit for signing up for EV pulse to auto schedule at lowest cost tier. This is literally 250 miles for free each month paid by the utility. 6. Maintenance costs so far non-existent. I am sure others can come up with one more. This puts my total savings over $2K per year and I don’t drive that much.
One more point, I too got a large quote for Tier 2 charger installation, but since I work from home I didn’t need so I used the 110V wall charger for all my charging. I was originally worried about this, but 40 miles per night or about 100 miles / day is not an issue for me.
The free charger one is a huge surprise for EV owners. I'm in a Nissan Leaf and I was shocked to learn (at the time I got it) that my state had old outdated superchargers (CHAdeMO) that were free to use (but also very iffy on if they worked and you'd often have to call their number to get it reset). My first few months of driving were absolutely free. Eventually the state actually updated them (and added a CCS charger) and they're now expensive, but the level 2 ones are still free (though very damaged at this point).
For non-Tesla, there is a hidden negative surprise, though, and it's basically what I covered: unreliable chargers. You don't always know for sure if a charger will be available and working and accessible. I once was forced to use a public CHAdeMO that had a broken touch screen. Spent a good 5-10 minutes in the cold rain tapping out my code only to have it deny me because the server was down or something. A fellow Leaf owner stops there and has a card to tap to it and they offer to let me use their account to charge up. The charge was free, but it was a hassle and I would've been stranded without someone's help.
Just did another 600 mile trip to CT from MD for work for about $10 total in electricity. Tolls were almost $75. Got free charging at the Marriott, free charging at my cousin’s house and used about $4 for a splash and go from a supercharger and $6 of home electricity. I will be getting about $300 in IRS car usage rebate from my employer. I have already exceeded my $400 profit a year estimate from my work expenses in 3 months. Until the IRS fixes this, this is almost all profit that can be used in your savings calculations. My yearly savings is way over $2000 / year already without properly figuring in reduced maintenance costs.
Some of these are very state and circumstance specific, but this is an excellent point and great idea. Lots of these are indeed worth considering as well😀
@@luisb.4306I’m in north Carolina. Can confirm
In late September 2023 in California it costs about $100 to fill an empty tank (17 gal x $5.80/gal). I fill up 3 times a month driving about 15K miles/yr. Annually gas costs about $3,600. Plus oil & filter changes a few times a year adds another $400. That $4,000 annually is a lot more than these expenses you’re pointing out that, YES, Tesla does tell you about.
$4 a gallon in WA, $3 in Texas, I fill my Hybrid Camry a few times a year. Maybe monthly at most. Probably 12 of the 16 gallons.
If EV owners need to pay increased registration fees to help pay for roads, then ICE owners should pay increased fees for polluting (actually, oil companies should just pay a tax on oil sold).
Actually evs are polluting way more than gas powered cars. Green is a scam. You use more power which means the power company has to use more fossil fuel to provide energy. Get a clue and off your fake high horse.
The biggest expense is body repair. It can cost almost the price of the car to repair body damage that might cost 3-4k in any other car. My insurance covered mine, and they did beautiful work, but I would think twice about buying another one because of this cost. Surprisingly the insurance company did not raise my rate, but maybe that's because it is already baked into the high rate I'm paying. Many of these "hidden costs" are also true on any other car.
I guess that is why my Camry Hybrid is $800 a year, it has no expenses and parts are cheap.
My 2021 Y Performance has 43,500 miles presently and I had those p zeros that lasted 22,000 miles on the back tires. Replacing them cost me 1,000 bucks! At 39,000 miles I switched to Gemini wheels and all season continental. Much cheaper to replace and a little bump in range increase at around 20 miles total range 😊
can you share a link to those wheels?
Evs weigh a lot more than ICE vehicles meaning more tire wear and increased brake distance. EV is really not about saving money, but about 0 emissions.
I would imagine states will start taxing charging stations like they do gas stations.
@@michaelsheedyyou can't speak for why everybody drives an ev. Every single person I know that drives an Ev does it to save money. Period.
To install the wall charger 75 feet away from my breaker on the outside wall of my house cost me $2,300 before buying the wall charger itself. I received 3 quotes that were all within this range. The material to install it myself would have cost a little less than $700. The amount labor involved is probably 2 hours with easy access to all joists and no drywall work. Expect to get taken on an absolute ride by electricians. In the end I opted to have the work done for liability reasons but its a fairly simple install.
In addition my driving record is flawless and my insurance went up $65 a month with the Tesla coming from a 2017 Toyota 4Runner TRD Offroad.
After purchase of a Tesla wall charger, I paid an electrician $800 to install it, which he installed at the entrance to my garage door, which the breaker box was in the back of my garage. Upon completion, the wall charger had no visible line running to it.
Use the mobile charger in your garage and keep that other money in your pocket.
@@XX-166 no garage
@@poweredbyalpaca6362 outdoor 120 volt plug installed serves the purpose. No garage needed.
@@XX-166 sure, if you’re retired, or if you live within walking distance of everywhere you drive to. Might as well pocket the tesla money and buy a scooter. they charge off 120 too
I bought a Model Y 2022 and I got Tesla insurance. They give you a "Safety Score" of 90 to start with and adjust it based how you drive.
My initial premium was $145/month at the safety score of 90.
After 1 day of driving my safety score was 96 and my premium was adjusted to ~$111/month.
After 2 days of driving my safety score was 97 and my premium was adjusted to ~$105/month
After 3 days of driving my safety score was 98 and my premium was adjusted to ~$100/month
After 4 days of driving my safety score was 99 and my premium was adjusted to ~$95/month
This is lower than I was paying for my 2014 Honda Accord Hybrid.
Conclusion: Insurance on a Tesla is cheaper if you use Tesla Insurance.
How many miles a day do you drive on average?
@@oxygen786 ~1000m/month so thats ~33/day
What state is this?
"I got Tesla insurance. They give you a 'Safety Score' of 90 to start with and adjust it based how you drive." Cool. I was wondering how the initial pricing went, but hadn't looked into it. When I bought my M3P, on the recommend friends and family I checked with USAA... they quoted $120/mo. Sold. In four years, I have nothing but praise for them. One catch... the requirement to be - or have been - a servicemember, or an immediate family member of one.
You do realize big brother is Watching?? Do a few launches and watch the score drop?? Lol I have been driving my ice for a whopping insurance rate of $45 a month and I give myself a rating of a solid 92%(I like to drive safe,but spirited) lol
After owning my Tesla, I found that to drive it from MN to FL I would have to stop and charge 16 times, adding roughly 9 hrs to my trip, or basically another full day of driving. So I paid $2500 this year for shipping to and from FL.
That’s an important cost consideration.
Car rental and insurance very expensive in FL.. so this is good move...😅
"from MN to FL I would have to stop and charge 16 times" Do you have a Standard, Long-range, Performance...? I'm ball-parking Minneapolis to Tampa Bay at around 1600 miles. If that's correct, does that mean you were anticipating charging every hundred miles? I guess that depends on total vehicle range. I haven't taken a trip that long yet, so...
@@patricksweeney6334 I have standard Model 3. The Tesla mapped out the route and charging stops.
@@mn_ice "The Tesla mapped out the route and charging stops." Ah. Ok. Not having let mine map a route yet (since I haven't gone far enough to bother yet), I wonder how it decides the stops. I should go somewhere and find out. lol
Ontario Canada has stopped charging licensing fees altogether. You simply renew online at no charge.
What I save on time not having to go to the gas station anymore alone is worth it.
"What I save on time not having to go to the gas station anymore alone is worth it." Right? "Oh look, my 'gas tank' magically filled overnight again." Driving by gas stations has its amusement value now, too. "Oh look. A gas station. How quaint." Though, four years in, now I hardly notice them.
What about time wasted during charging? At least most gas stations have snacks and some have restaurants. Very few charging stations have them nearby. Most ICE vehicles have nearly 400 miles of range, which doesn't change much in cold temperatures and refueling takes 5 minutes, not 5 hours. To top it off, EVs aren't zero emission vehicles because the grid uses primarily coal and natural gas to generate the electricity.
I go once a month, at most, for my Hybrid Camry, who F'g cares. I spend more time pooping than that.
I came to argue because I thought it was going to be a Tesla bashing video, but it was on point and honestly I wish it was things I knew before I bought my car. The check I had to write when I got my tags hurt so much!
Just an added thought for disabled veterans. Depending on your state and the percentage of disability you have you may be able to get reduced registration fees. And you may even be eligible to get reduced property taxes as well. In NV and at 60% disability they knocked off more than $400 in DMV fees when i bought my model Y.
Hi there Im from Vegas, how much do you for your tesla registration? And road tax? Thanks
@@jacksongil9123 I t is based on the purchase price of your car. My Y was just over 57k and the registration was just over 1k. As a disabled vet they knocked off more than 400 of the cost. And with my model YP I will be due the full 7500 tax rebate when I file my taxes next year. Currently there are no other road taxes for an EV in Nevada.
Mostly you have to be on reduced income too. I qualify for half off my property taxes but make too much income.
I went from a prius prime to a tesla and my insurance went down. That was an unexpected saving. Only about $10 a month but welcomed.
That's different for me. If I were to buy telsla, my car insurance will go up $500 but if I were to buy a Toyota, my car insurance goes up $300 every 6 months. Even though the telsla costs less.
@@LylyMing79 it's about area for these insurance companies.
@@LylyMing79 "If I were to buy telsla, my car insurance will go up $500" You definitely want to shop that around. When I bought my Tesla, Farmers wanted to bump my rate by $600 a month. Friends/family had been nudging me to try USAA anyway, so I called them. "Uhhhh, yeah, we'll need to bump what you're currently paying byyyyy... $40 a month." "Where do I sign?" For non-servicemembers, though (current or former) Tesla itself is worth looking at.
It's a good thing you've put time into this, but some of these are not exactly relevant for many owners. Some things, like the tires (of which there are alternatives) and insurance, can look exactly the same as any expensive, "premium" vehicle. Charging outside of the house is, again, not unlike purchasing fuel from a gas station: some are high, some are not, and you just need to do your homework. Regarding running expenses, I'm sure some owners have their stories. But, the vast majority of Tesla owners have spent very little over the course of their 3-4-year ownership. We have a Model 3, now in it's 3rd year and with 25K+ miles on it and have only spent additional money when we ran over debris on the highway, and for someone to come by from Tesla to look some things over, and only replaced a cabin filter (and did a diagnostic, updated everything, and made some no-cost recommendations - for $65 total). A friend is on year 5 for his 3 and has the same kind of experience, including Tesla calling THEM regarding an indication their battery pack - which was still under warranty - was not holding a charge like it should, and replaced it under warranty within a week AT THEIR HOUSE. Another friend, on their second Model S, quite literally only bought tires at the 45K mark for the first S, and he drove the snot out of that car. They both installed chargers at home (and one a battery wall which is pumping electrons back into the grid), as well. Good to be aware, indeed., but it's important to take the entire landscape into account. The information is out there. I'd say with comfort, and as a rule, these cars will be far less expensive to own after the warranty is over. The specter of a battery replacement is becoming far less of a major financial moment every year, and they are clearly going the distance.
Yeah, everything on a Lexus ES300 costs twice as much as my Camry for the exact same parts. I pay $800 a year for insurance and my tires were about $700 for 60000 miles. So expensive, oooh, I feel so broke now. I even have to fill the tank monthly, what a shame, poor me.
My daily roundtrip commute is 96 miles and I used to pay over $300 a month to gas up my prius in California. I pay nothing to charge my Tesla with solar so I save nearly $4,000 a year in gas savings.
Installing a 240v outlet or wall charger can get even more expensive than stated if you have factors such as a) the garage is a separate unit rom the house and/or you need to add a sub panel because where you park is far from the main panel. I have both issues and my quote was for $5500 to install outlet, sub panel, digging a trench in the yard to run conduit, etc. Some homes just have less ideal setups for you to install. So I am looking at a more diy approach to cut costs, but a qualified electrician will still be needed to help make sure it is done right. Definitely need to budget to prepare for these expenses.
MOBILE CHARGER
I added a dryer outlet. 240 v giving me 24 Watts max. Still quick and wasn't very expensive. I also updated my 100 watt panel to 200 watts. My driveway is near the new plug. I run the mobile connecter through the dryer outlet and charge my car. The dryer adapter cost $35. The upgraded panel and outlet cost $2500.
@@mostmost1 the mobile adapter cost me 250 bucks and works great plugged into a regular outlet.
@@XX-166 I used a regular outlet for years with my prius prime. I was updating my panel and added the dryer outlet just to update my home. It wasn't expensive and works even better.
@@mostmost1 awesome if that works for ya
I would not consider any of these hidden expenses. If you do your due diligence before purchasing the vehicle you would have known these. The only thing I missed when I bought mine was that I did not realize that my M3 came with summer tires; I had to invest in a set of winter tires.
And honestly depending on where you live you may not even need winter tires. And if you do need them, you’ll definitely have better traction in snow that “all seasons” anyways
Cheers
@@tomdavis3038 j
You are not the average car buyer. This video is to help those less knowledgeable to be educated
This video is literally here for people trying to do their due diligence.
@@AJUZU2k-gy8yj You're right...thanks for the observation.
Insurance increase of 130% along with registration fees is a deal breaker for me… I’ll continue driving ICE for now…
This is just another political game fooling people. I would suggest waiting too, because next is Home insurance increasing for those who have these electric cars that cost way more damage in a fire.
Not in New Jersey
My time, on a trip, is $250/hour. Every 200 miles, add $250 to EV costs. Add more charges if I have to wait for an open charger or have to shop for one that even works. Add the horrible expense of extra nights in hotels and expensive restaurants. EV chargers are not located at McDonalds or Motel 6.
You have a point. Mine is at target. So now o don’t shop at Walmart anymore. I guess that is an extra expense within itself.
Thank you. Overall tesla's tire cost is a plus due to long life. But do not forget to budget for snow tires since regular performance tires will not be suitable in snow areas.
My Type V (rated to 149 MPH) tires only are rated for only 60000 miles since they are high performance all weather ones. They get better traction then mere snow tires.
Hi I’m in the UK and I’ve had a M3P for over 3 years and it’s had about forty visits to Tesla for warranty work over that time, but I went to book it back in for the suspension knock again (changed 3 times over the years) but this time they wanted me to pay £99 to book it in for the warranty work this is their new charge for warranty work
THANK YOU FOR MAKING THIS VIDEO!!
Would you prefer to buy and own a conventional ICE car or a BEV and why?
In California , I pay 1/3 less for model Y car Insurane compare to I used to paid for Audi 6
Nice! Do you have Tesla insurance?
Well, it is an Audi, driving heaps of garbage, endless money pits, was your previous car a Fiat, they are total crap. A bet you think a Dodge RAM is not junk too.
Don't forget how much you paid for fuel, and maintenance, oil and filter changes, inspections etc for your ICE car annually and then all these expenses begin to fade by comparison.
1:05 just got hit with the $400 EV registration fee in Texas. It literally just started this month too and I could have narrowly avoided it if my Model Y wasn't delayed by an additional 4 weeks after the estimated delivery date. I'll have to pay it eventually, but it would have been nice to delay it by a year.
you should pay more like 1 k $ stop crying
@@marlu6373 nah
I have a model 3P. No one told me that it would attract really beautiful women and that they expected me to spend a lot of money on them. I never budgeted for that when I bought the car :(.
Just took my leased BMW i3 EV for it’s 1st service at just shy of 2 years. The screen says next service, June 2025. Told the service rep sorry…the car has been perfect, everything works, every knob and switch where it supposed to be.
#1 not in my state
#2 cost me 35 bucks to install myself
#3 Super Charging is free with my Model S
#4 ceramic coated it myself for 75 bucks
Accessories are optional
#5 yea, my tires only last 35k miles as for cost, I never buy cheap tires, no matter what car I have.
#6 yes insurance is more than my ICE car but not as much as described here
#7 Premium connectivity is free with my Model S
#8 no maintenance in 8 years except for my 12v battery (replaced twice)
#5 - Michelin Cross Climate 2 on my Camry.
Oregon's registration can be pretty steep. I paid I believe $300ish for my used Nissan Leaf. However, an interesting thing I learned while trying to research the cost of owning a Tesla: we have a program called OReGO that charges about $0.02/mile to help repair roadways and bridges and if you're signed up for that, registration drops to around $80/$160 for a used/new EV.
Just ordered my model y performance yesterday. I’m about 45 minutes east of you. I’ll probably end up taking delivery in Nashville. What would you rate your experience?
Many of the items had nothing to do with tesla or ev. Premium connectivity exist on most brands. There is onstar, onlink, bluelink etc.
And even other brands always force us to buy their pricey car mats and other accessories
You can buy them online for a LOT cheaper, genuine Toyota too. That is how I get my accessories (floor and trunk mats, etc.) and supplies (filters, etc.)
Anyone here in Washington state? How much is your registration fee? Your electric bill charging from home?
My Tesla registration is about $200 more a year, or $16 more a month, more than my wife's Camry. My Tesla insurance is $47 more a month than my Camry so that comes to a grand monthly total of $63 a month but I have solar and I basically don't pay a dime to charge my Tesla all month long while my wife has to pay over $300 a month in gas and $100 for oil changes and $250 for tune up's and all the other BS maintenance fees I don't have to pay in my Tesla so driving electric saves me a ton of cash every month.
Insurance rates are about to sky rocket, tell the battery thing to hundreds of people paying for a refurbished battery
What about the "hidden costs" of internal combustion cars? Gas taxes. Why should we expect electrics to not help pay for roads? I have no problem with added registration costs if I am not paying for roads through gas tax. What is the other choice? No taxes but make every road a toll road?
So the registration fees does this effect disabled vets as well…my current registration only cost like 10 bucks cause I’m a disabled vet would this go up if I get an EV?
08:20 I am driving a Dacia Lodgy in Austria and need for 70.000 km 6 tires (I have to exchange the front wheel tires twice as often than the real wheel tires) for 50 € each.
Considering a Tesla Y, I was shocked by the tire prices. I researched the theme.
The cheapest winter tire for the Y is in 235/55 R18 for 70€
The cheapest winter tire in 255/45 R19 is 110 €.
@MattDanadel, if you happen to know, should I expect paperwork from Tesla for the tax credit? It's been a few months and I can't find anything on the website. The Model Y rocks.
No. Tesla is not involved in your Federal tax preparation.
File for the $7,500 tax credit when you are preparing your 2023 tax return in 2024.
@@dvader3263 So, as a tax expert, are their any limits on the EV credit for 2023? You know, like there was in prior years.
Great Video. No registration fees in Florida. Love my Tesla and dont think I will go back to gas cars any time soon.I charge at home and its alot cheaper than fuel these days. My car is always full... lol
"My car is always full... lol" That has to be one of the coolest aspects of owning an EV. "Yawn. Oh look, my 'gas tank' filled up overnight. As always."
don"t worry pretty soon you will pay for the road tax
Not in florida.. Maybe in california@@marlu6373
@@marlu6373 Its ok . every time you fill up your gas car you pay a gas tax. So it pretty much evens out at the end of the year. Still save money charging at home.
Was there any change to your insurance costs?
I couldn't justifying replacing my crossover with an EV. But I build my own Ebike. No car registration or insurance. Cost about 5¢ to cover 15 miles of riding.
Most items you mention are not really hidden and Tesla sales people are pretty well educated and open.
Thanks for the video, despite all the negatives you highlight I still think Tesla (and all EV's) are excellent cars and the way we should go in the future. As hard as it is we have to say goodbye to fossil fuel cars.
Enjoy your videos. Very informative.
Texas just passed a new bill that adds $400 initially, with a subsequent $200 per year over the standard registration fee.
Ohio adds $200/year for an EV. I only drove my ICE car 1200 miles last year; that's a surcharge of 17 cents/mile.
New York just gave me $2000 toward my new model 3 🤭
@@patty109109lol they will get that back nothings free
Wa is 300 a year for reg of any EV.
TX gets 70% of their electricity from fossil fuels anyway. No point in owning a Tesla there.
I appreciate all the effort you put into this video. From the drone footage to all the helpful information about additional EV expenses. Thank you!
Thanks for the feedback, I'm glad you enjoyed the video!
I would save like $275 a month in gas and only have to pay an extra $200 per year EV tax in Texas. That's sill saving a ton of money.
As long as the car is paid off by the time i have to replace the batteries or motor its all good . Im paying 800 dollars a month for a car payment , and 226 for car insuramce . My car costs me over a grand a month
Got a company to come give me a quote to install a at home charger. It was 3k to get the setup done. I did the math on this. With the battery needing replaced and tires and such, it will cost me 6 grand more in owner ship then getting a new Tacoma. Not worth it in my case.
Have you looked into the price of battery replacement?
Have you looked into the price at your ICE engine replacement?
There’s a 30% federal tax credit on the cost of installing charger at home for the next 10 years
Informative and not bias❤
Thank you
How is any of that "hidden" by Tesla or any other vehicle manufacturer? Maintenance, insurance, fuel (gas or electric), tires, etc. are required for every. single. vehicle. on the road. You'd have to be pretty naive to think any of this is "hidden"
what is wrong with the us with this gas tax… there is no such thing in germany, u don‘t even have to pay vehicle tax, only VAT
Higher insurance, expenses relating to charging (I actually moved to have a garage and a charger)
Why is the title pointing out Tesla. It should say EVs in general…..
Sorry, but we don't have EV fees in Hawaii. We pay more on EV registration fees bacause it is based on vehicle weight.
Makes sense cause EVs are heavier whereby it takes a toll on our roads.
Superchargers in California are 58cents/kWh. It's cheaper to fuel a Toyota hybrid.
True. Total cost of ownership for most vehicles is way less than a Tesla
11 cents to charge at home where I live which is why a see a lot of Model 3's but ALL charge at home. Half my Neighbors cars are Tesla's. I live in decent part of town. Lots of families where kids walk to the school half a mile away from me.
To mitigate the impact of accelerated tire wear, it's essential to prioritize proper tire care.
Which is?
@@fishhunterjay”Tires that care”
Agree. My 2022 Model S has a wider and more durable tire in the rear prevents me from rotating the tires. Also, most of the driving of all wheel drive Teslas is on the rear motor unless it is a slick road needing the other motor to kick in. Tire pressure is very important not so much rotation. My tires last into the 30,000 mile plus range.
Better recheck your figures for Supercharger use. It ain't that cheap anymore, especially considering many, many owners pay those idle fees. Especially on highway trips in cold or hot temps where EV efficiency drops (HVAC takes power), at current gas prices many similar sized efficient ICE sedans will cost LESS to fuel on highway trips vs Supercharging a Model 3.
Can you post link to Nema 1450 plug please
I knew about most of these. It would have been informative to research how much you'd have to drive to make up the difference in gas tax for roads vs registration fees for roads.
There are 50 states, and depending on the vehicles chosen in your comparison, this could run to thousands of possibilities.
@@seeking70IKR? it's almost like doing the math is too hard.
..oh wait that's right he didn't do the math, just agreed with you. still not 20k for a reason.
They’ve conditioned us so well that most can’t own an EV with out the cost of also having a smart phone of some sort. But no accessories to accommodate , considering most now Days use their smartphones for most everything. As lame as that sounds.
In Ohio, USA it costs $56/year to register my Nissan Altima. ANY EV will cost $256/year to register in Ohio.
Just replaced the 12volt battery after 3 years. Easy to do and only cost about $80 bucks from Tesla. We have a 2020. I think they switch to Lithium battery after the year 2021.
It is not like it needs CCA so it costs a lot less but I can still find one with 650 CCA for that price.
my model Y charges at 6 miles per hour with standard 120v plug
When Tesla claims Tesla is more safer car due to its fsd and other features, insurance should also be low.
If you purchase a Tesla, you soon realize it is a minimalist vehicle. You will need to purchase a home wall charger, if appropriate. Note: You might be able to have your local electric company pay part of that expense. You will need to purchase certain vehicle tools like different types of charging apparatus. You will need to purchase floor mats, drink holder, etc. Additionally, if you intend to use your vehicle to sometimes camp, you will need to purchase a mattress and other items of that nature. Finally, you are told that the vehicle should be wrapped or partially wrapped as well as coated, which can be a large additional expense.
Any vehicle come with a mattress? Personally if one can afford $$50&60k car, other expenses are nothing
Why would I camp in the car with an inflatable mattress when I have a bed at home or at a motel? Good for ppl who like knocking their heads in a crammed car space huh. I rather pitch a tent it’s got more head space than any car.
@@bobby350z You might be correct, however, wrapping, coating, charging unit/installation, and certain key tooks could add an addition 10K to your overall vehicle cost.
@@markroath98 - charger installation is definitely expensive here in CA but overall charging at home is much cheaper than super chargers. Wrapping I did on my Z 20 yrs ago, not going to bother now. Maybe someday if I buy a nice Ferrari, then maybe.:)
"If you purchase a Tesla, you soon realize it is a minimalist vehicle."
"You will need to purchase a home wall charger"
If you normally drive more than 40-60 miles a day, a home wall-charger is beneficial. Flip-side... What ICE-vehicle owner can install whatever it would take to have the gas tank refill overnight, especially regardless of how close it is to empty?
"You will need to purchase certain vehicle tools like different types of charging apparatus." ??? Um... Tools? Charging apparatus? The first point already covered charging, so... what tools? Adaptors to allow charging from other (usually slow, crappy, one-or-two stall) charging stations? Not a necessity at all, but sure, they can come in handy maybe once every couple or few years.
"You will need to purchase floor mats, drink holder, etc" Need? No. Many (most?) new car owners *of any brand vehicle* do want to accessorize their vehicles in multiple ways like that, though. Not a Tesla-specific consideration at all.
"...if you intend to use your vehicle to sometimes camp, you will need to purchase a mattress and other items of that nature" What??? Again, in no way Tesla-specific. Do *any* other new vehicles come with a mattress, camping gear, whatever?
"...you are told that the vehicle should be wrapped or partially wrapped..." That's a *sensible* thing to do, but *again* it's a sensible thing to do for any brand of new vehicle. Nothing Tesla-specific about the value of doing that.
are they really eco friendly? from digging up earth to charging?
Not really until like 2-5 years of driving it. Saving on the gas your would have used. Battery mining/manufacturing is really intensive on the environment. More CO2 produced for a new EV than a new gas-powered car.
I don't know why people think supercharging is cheaper than gas. It isn't. Under most circumstances it's pretty close to the same unless you're at a supercharger that charges less at night.
"Under most circumstances..." TBH, I don't use Superchargers all that often (uhhh... maybe five times in four years? ...with three of those being across a 2-day road-trip), so how about some specifics? What sort of charge rates are you seeing / have you seen, to call the Supercharger rates "pretty close the same" (as the cost of gas)?
@@patricksweeney6334 The average supercharger cost per kWh in my area is 36 cents. My wife's CR-V hybrid gets about 35mpg in the winter and over 40 in the summer. On a recent highway trip it got over 45mpg. Teslas will get from 4 miles per kWh to less than 3 miles per kWh on the highway depending on how fast you drive and the temperature so a direct comparison between 3 miles per kWh and 35mpg comes out to the Tesla using about the equivalent of gas costing $4.20 per gallon. When you compare 4 miles per kWh to 40mpg it comes out to $3.60 per gallon. BTW, the CR-V is larger than the the model Y and much less aerodynamic.
Tesla overestimates real world miles per kWh cost and they use high gas per gallon costs when they make their gas savings calculations.
Now you can argue that many ice vehicles on the road today get 20-30 mpg and then you'd be right, supercharging is less expensive, but it's not a valid argument. Most new vehicles that you purchase today get much higher mpg and 35-40mpg is very common when you're looking at vehicles that are the same size as the model 3 and Y.
Want to compare a larger vehicle? The Cybertruck is suppose to be around 571 wh/mile. That comes out to about the equivalent of a vehicle that gets 17-18 mpg. That's using $3.59 per gallon for gas and $.36 per kWh for supercharging.
Now if you charge at home there is a big difference. For me, charging at home is slightly less than a third of the cost of supercharging.
I use Superchargers everyday 23 cent khw most I pay in day time cheapest 15cent to 17 kwh at night
All Supercharger locations are not equal most overcharge u have to find the cheaper ones
@@snow-uq4gx "I use Superchargers everyday 23khw most I pay in day time cheapest 15 to 17 kwh " Um... what? How much are you saying you're paying per kWh?
@patricksweeney6334 the most 23 cent kwh the cheapest 15 cent. All Superchargers are not equal most are over charging I Never go the the ones charging 45 or 50 unless emergency the cheapest I seen was when I drove to.las Vegas 12cent kwh
Just got a quote from Liberty in Mass for 2950/year for MY. 3x what we pay now or Accord Hybrid. They say due to tech and sensors.
I pay $800 for my Hybrid Camry.
Missing depreciation and resale value.
Tires are around 30% more and last aboit 40% less than a traditional gas car of the same size.
Brakes cost 400% more and last about the same as a gas car of the same size.
Pretty much every part is 3-4x more expensive than a gas car.
If you own your car for 20,000-40,000 miles, yes, maintenance is cheap. But long term, you will spend way more owning a tesla than a gas car. Not only that, once tour battery is degraded, your car is essentially a brick. Unlike a gas car that can get a motor rebuild or replacment for a few thousand bucks, a tesla battery ks 20,000+. Might as well take the loss and buy a new one.
In the end. Saving 3-5k on gas doesnt warrant the extra you will spend across long term ownership.
Protecting a cheesy paint job is not an "optional" expense. Tesla paint is notoriously bad. Adding the cost of PPF is mandatory. I can think of 54 billion reasons Tesla cheaps out on the paint quality.
😂 Maintenance costs are supposed to be less with an EV but I haven't seen that with ny model S. I can do much of my routine maintenance on my ICE vehicles but not much on the Tesla. Right now my Tesla has a problem with the battery conditioning system. I believe it's going to be an expensive to repair. So although EVs have fewer routine maintenance requirements repairs for any problems are expensive.
I’m a fan of more EV’s, however I have the same thought too on repair cost. I like to and can work on my ICE vehicle but when there is a problem it’s a “slow burn”. You get a bit of a warning when there is a problem that needs to me fix but with a EV it could be a problem that could leave you stranded and there is no tool in the trunk to save you. Also to you point an expensive repair if something goes horribly wrong.
Very informative, thank you.
I use retreated tires they are generally less expensive and use less resources. Set your axcelation rate lowest setttions
I use Type V performance tires from Michelin.
What about car insurance coverage? Same as equivalent vehicle or more expensive for you?
"What about car insurance coverage?" It varies. Tesla itself offers good rates for good drivers. USAA is great for current/past servicemembers and their immediate families. Many well-known insurance companies offer, uh... the opposite. It definitely pays to shop around.
I assume that one day they figure out how to charge $3-$5 per kWh for charging your EV.
That's why I bought a VW with 3 years free charging from Electrify America.
My experience in over a dozen new cars in my lifetime OEM tires last about 18,000 miles. My tesla is right near that and guess what new tires. Most of my tires in last 10 yrs $200/tire min. That includes normal cars. Trucks or cars no matter. In Texas years they increased the ev rate. My understanding is they are charging $200. But my gas cars are$75. So it's really only extra $125. It's never going to be zero
In the UK road tax was based on the emissions of the vehicle. Now the govt has changed the laws to capture the growing number of EVs on the road. Some will pay more than petrol powered cars even.
Please tell me where in the United States uses 110 Volts as standard wall outlet power? Where I live when I put a V.O.M. on the circuit it shows 120 VOLTS and has done so since the 1950's. Get it right or go home. In regards to the 14-50 "I am too cheap to get a real wall outlet" receptacle, guess you did not see the Sandy Munroe segment on how DANGEROUS the big box store 14-50 receptacles are which are NOT rated for a continuous duty cycle. If you are going to use a 14-50R you better do your research and get one rated for continuous duty cycle or they can melt. Sandy proved it.
Agreed that EVs are heavier than the equivalent ICU cars. But if you drive the mid-size or above ICU SUVs, many of these SUVs are even heavier than EVs. So I kind of disagree the statement that EVs wear out tires faster than ICUs because of only weights. Something else together make EVs’ tires wear-out faster.
However, EVs’ special tires are surely more expensive.
It’s not only about weight. It’s about weight and the instant torque EVs have that ICE cars don’t.
@@MattDanadel No that's not it. ALL vehicles apply force through the tire to the road, that's how tires work. But the answer is TREADWEAR. Research what the treadwear number means. The manufacturer-chosen tires (especially on Tesla) are VERY LOW treadwear numbers, which is why sport tires wear away so fast.
A proper load range and a high treadwear number tire will last as long as on any other vehicle.
is this the model 3 2023 performance in red multi coat?
No it’s the model y performance in red multi coat
Thank you for producing a very informative video, but I think you should add some comparisons to ICE cars to refine your information. You mention gas tax EV fee but you fail to mention how much you pay for gasoline for all taxes and fees for ICE cars. I think you said the EV fee was like driving 30-40K in ICE car. In California the taxes and fees come out to $1.18 per gallon and the EV fee is a maximum of $175 per year. My wife drives a Mazda 3 and uses about 233 gallons (7,000 miles) per year or $274 per year in fees. In my Subaru, I drive 18,000 miles a year and purchase 822 gallons of gas. I pay $969 per year! I also read from others that some insurance went up like GEICO and others like Progressive stayed the same. My 2019 v-4 Subaru Outback weighs 3,600 lbs. a v-6 is 3,902 while a M3 weights 3,862 and a LR weighs 4,034 lbs. Just going to Discount Tire I was able to get tires for a model 3 for 1-200 per tire. I recently got new tires for my Subaru $872.
Thing with EVs is until electricity is produced 100%clean there’s absolutely no point, if the grid is burning coal and record amounts of electricity are being drawn from that grid to drive cars all you are doing is appearing not to pollute while still being part of the problem, and merely polluting the cheaper suburbs where power plants tend to be located. If you really want to help the planet don’t own a car altogether, cycle or take public transport. Consume less, like truly only what you need, take cold showers for your health etc etc. We cannot have our cake and eat it. Renewables will not even meet current demand, let alone what it will stand as when everything is electrified, and they still require fossil fuel inputs and are extremely inefficient. We cannot ‘buy’ or ‘build’ our way out of this problem, lifestyle change is the only real solution to reducing one’s environmental impacts. Protest as much you like, government can’t fix this, big business will only ever virtue signal (Musk is the biggest symptom of this trend: I mean the guy is burning methane to launch massive rockets instead of using hydrogen, for example, and flies about in a private jet!) only we, as individuals, can actually change things by changing our habits and expectations. And that’s the cold hard truth.
another cost of EV ownership is "depreciation"... especially with tesla reducing MSRP constantly, those who bought tesla may find a new tesla costing less than they used one they are driving
This is 100% another hidden “expense” of Tesla ownership unfortunately
If you consider these hidden charges, you simply haven't done the minimum due diligence when making a major purchase.
Good points. Some of them will be mitigated, however. For example, Turanza is coming out with tires specific for EVs, which will last long and perform better. Regarding the EV registration fee, my state doesn't have it, but obviously in the end, we're all going to have to pay it, because the revenue is needed to take care of the roads, so that's only fair.
Regarding the accessories, that's no different no matter what kind of car you have. Making a mistake and being charged idle fees? I guess that's good to know and once you do, you should never make that mistake. Let's be honest: the overwhelming majority of people will be charing from home and this won't be an issue.
Good video.
I would be wary of tyres that a manufacturer claims will last longer and perform better from a minor brand, especially if they're saying "better than Pirelli". The fact remains they're generally more expensive than on ICE cars and wear faster so it's a double whammy.
I haven't watched the video yet because I have no sound on this device, but a lot of cars come in 2 or 3 variants these days, each with accessory packs included in the price. There may be very few options, things like roof racks etc. that most people don't want.
Had to laugh a "idle" fees, I get it but now you even more tied up as you have to be back at the car at a specific time. The more this stuff comes to light the more put off people are going to be.
Don't basically all EVs have specifically designed tires already?
Thought I watched an old Real Engineering video on how EV tires differ from regular tires. At least for Tesla.
First of all many of those expenses aren't "hidden" at all but in plain sight.
Tesla lists the different charger options on their website with the price tag. That is certainly not hidden and should not surprise anyone.
Then the charging (and supercharging): if nothing else using just a tiny little bit of common sense and you know that you need to charge your EV. Supercharging is expensive but even that shouldn't be a secret. Charging at home is super cheap if you live in a state with inexpensive electricity or if you have solar panels to power your home and car (I have a 27 KW PV system with 40 kWh battery storage).
License and registration for our 2 Teslas is LESS expensive than for the ICE cars the Teslas replaced.
The tires are more expensive but they last 60k or more if you get quality tires.
Insurance is way cheaper. Both our Teslas together cost less than $1600 per year (an average of about $400 per 6 months per car).
Maintenance is almost not there. Except for the car washes, wiper fluid, and tire rotations. First scheduled maintenance is at 90,000 miles and cost about $500.
After 73,000 miles with the Model 3 total cost of charging was $3,600, $1,600 insurance, $1,400 set of new Michelin tires, $200 tire rotations, $200 license and registration, $200 misc items. For a total of $7,200. That translates to a total cost operating the car at 9.87 cents per mile.
Gas alone would have cost a whopping $10,220 (25mpg, $3.50 per gallon)
A car at 30 mpg and 15,000 miles uses 500 gallons with a tax of 45 cents/gallon, which equals $225, which is what South Dakota charges plug in EVs. That economy car is also 2500 LB and not 4200 LB. That is 1.7 times more weight for the EV. Tax should be weight x distance with weight being the empty weight plus one 200 LB person. An EV should pay at least 1.7 times 225 = $382/year, say $400, not the $300 stated here.
As for home charging...fire risks...just say no. A 100% RE grid will be 60 cents/kwh. In the UK it is now 80-90 cents/kwh to charge. That is like buying fuel for $27 to $30/gallon. You can capture CO2 and make fuel at home with new combustion tech for $1/gal. EVs will be up to 20 to 30 times more to run than combustion...
Insurance for an EV is $2000-3000/year vs combustion at $600-900/year or 3-4x more for EV. Why? Crash damage totals out EV, but no combustion.
Tires will be 2-4 times more...
"Tax should be weight x distance with weight being the empty weight plus one 200 LB person." Totally on-board with the idea that we EV owners should pay our fair share for using roads. Also agree that weight is a reasonable consideration. That said... how is weight factored into the difference in road-wear between, say, a Hummer HT, and a Toyota Corolla, with a one-size-fits-all gas tax? Ok, indirectly (to some extent) through the hideous gas mileage (greater consumption, higher tax) of the Hummer, but that's only indirect.
Again... seems like a fair challenge, but... if we're gonna go there, weight-factoring should apply to the weight of every vehicle, not just EVs. Perhaps we could do that by scrubbing the gas tax altogether, and just going to a weight x distance tax for everyone... though I can't help thinking that would somehow disproportionately affect people who're less well-off, financially. Do the less well-off usually have to drive farther than the more-well-off? I dunno.
Both fuel and Electric vehicles should be weight based, including semi trucks. An axle on a loaded semi (80,000 LB) does the damage of 18 cars per axle. 5 axles x 18 x current car at 2 cents/mile = 180 cents/mile for a truck. $1.8/mile? Sure, that is what the Actual DAMAGE is/costs. My neighbor told me this who is an engineer on major road projects. This would also help retail stores. Poor people drive lower weight cars in general. Cars are sold by the LB. Expensive cars weigh more.@@patricksweeney6334
My electric bill has about 20 taxes and fees attached to it, so don't believe that they don't tax electricity, only gas. I live in AZ
Solar
Same here in Missouri. KWH is $.09 cents in the winter, but when all the fees are included its $.25 cents!
Wa state is 300 a year for EV reg. Wow they want you to drive an eV and then they punish you.
Fr
Lol I pay $1088 less in insurance for my Model Y Performance than my M2 Competition that I sold it for. Tire wear and price are similar in both since both are high power cars with wide and low profile tires. Compare to a performance gas car, the cost for speed with a Tesla is less.
If I could afford a Tesla, I would build my own solar charging system. Making your own electricity is easy.
Overall, interesting/valid points, though I'll say that number 4 has no business in this list. While everything mentioned in number 4 warrants consideration, it applies to any new vehicle purchase at all... to put it on a "hidden TESLA charges" list feels disingenuous. On a "hidden new-car costs" list, sure.
By contrast, I'd agree that number 5 (tires) counts as a legitimate unexpected difference from driving pollution belchers. Weight matters a lot, and while they look like conventional passenger cars, the batteries make them heavier than looks alone might suggest.
Number 6, insurance, also valid. I changed insurance companies to deal with that. Farmer's wanted an *additional* $600 a month to replace my existing car with my M3P. By conrast, turning to USAA bumped me about $40 a month, to around $120. It's hard not to imagine that there's at least *some* opportunistic price-gouging going on with most insurance companies. I haven't priced insurance *from* Tesla but the driver-specific pricing they can offer supposedly makes them competitive.
Number 7, Premium Connectivity, seems like a weak entry in the list, though. For one... it's an "Oh by the way, you can get this cool add-on". It's neither a necessity nor anything anyone coming to Tesla from another vehicle is likely to expect having. And, as you note, at ten dollars a month or less, it's almost like spare change for anyone who can afford the car in the first place. So... hidden cost? Meh.
Well done on #8, the anti-cost of maintenance. Not having deal with virtually any of the "normal" maintenance costs of (chuckling) explosion-based engines is such a joy.