How much does it cost to charge a Tesla? In today’s world, Electric Vehicle (EVs) have become a new revolution in the car industry, and when we talk about EVs, many people will have a lot of questions about them, and the biggest name in the EV market is none other than the world’s richest person and the world’s biggest IT geek. Yes, we’re referring to “ElonMusk,” the entrepreneur behind companies like Tesla and SpaceX.
He is the most well-known name in the technology sector, and he is best recognized for an innovative and well-known product or a futuristic vehicle that has become the market’s most well-known name. However, many people are skeptical of these cars since they use cutting-edge technology, and many people are unfamiliar with such vehicles.
In today’s world, owning one Tesla car is not the norm since there are so many questions to address, such as: what about the tax credits, which battery to acquire to provide you more energy, will it cost us high energy loss in the long term, how will it run in the cold weather, how much will be the upfront costs for these cars, where to charge your car, how long it takes to charge, and, of course, how much does it cost to charge a Tesla.
The question of how much does it cost to charge a Tesla is decided by how you use it as well as the type of electric car you intend to buy, among other things.
Calculating the actual cost of charging your Tesla is far more difficult than it is for a standard gas-powered vehicle. Perhaps you’ve noticed that when and where you charge can have a significant influence on pricing. Many factors impact electricity prices for Tesla owners, including the cost of electricity supplied by your local utility, whether you use a commercial or home charger, and your utility rate plan.
Let us now investigate the factors that will reveal the exact costs of charging a Tesla.
How Much Does it Cost to Charge a Tesla: What’s the Difference Between Electric Vehicle and Gas-Powered Vehicle
Both electric and gas-powered cars will get you where you need to go, but there are some important distinctions. First and foremost, they require a source of fuel. Electric vehicles, as the name suggests, are powered by electricity, whereas a gas car uses gasoline or diesel that is internally burned.
It is cheaper to fuel electric vehicles in comparison to the gasoline ones. These generate no noise, while these gasoline autos produce a tremendously loud noise, which is both damaging to the environment and promotes noise pollution.
How Much Does it Cost to Charge a Tesla: How Do You Charge a Tesla
Charging a Tesla or EV charging is comparable to charging a smartphone. You connect it and then forget about it. Sure, these vehicles have more features, but the ordinary driver doesn’t care. Do you know how quickly your phone charges and how much does it consumes?
It shouldn’t matter too much to you as long as it’s quick, convenient, and straightforward. We’ll go into more detail later, but if you want to go electric and are perplexed by any of the data below, know that a Tesla travels quickly, drives far, and charges quickly.
How Much Does it Cost to Charge a Tesla: Battery Rating
The battery rating of your Tesla is crucial since it indicates how much energy your Tesla’s battery can store (battery size of your car). A good way to understand battery rating is to relate it to the fuel tank of a gasoline-powered automobile.
Similar to how gas-powered vehicles are built with different fuel efficiency ratings, such as 30 miles per gallon, your Tesla’s battery is built with a specific battery rating that indicates energy produced by your battery in every 100 mile.
Every electric vehicle battery is measured in kWh/100 miles, or kilowatt-hour per 100 miles. This just tells how much energy is required by the battery to run your Tesla for 100 miles. This rating changes from car to car, and even between Tesla models.
How Much Does it Cost to Charge a Tesla: Where Do you Charge your Tesla
How much does it cost to charge a Tesla? There are a variety of charging processes for your Tesla, including directly from your house.
This is the most frequent method of charging your Tesla and the easiest method of charging your vehicle straight from your house using the provided home charger. Other solutions, such as a charging station and Tesla’s supercharger network, exist.
Tesla Superchargers station throughout the United States, allowing consumers to drive their automobiles on long road trips without worrying about fast charging speeds for their cars. Although they are not very fast, the available home chargers will be enough for your daily needs.
There aren’t many places to plug in your charger to charge your car while driving, so the company created a new network of Superchargers to allow consumers to utilize their cars for long road trips throughout the country.
These Superchargers are exceptionally fast since they can charge your Tesla in minutes, as opposed to home chargers, which may take hours. This Tesla Supercharger electricity costs a few bucks and charges in a relatively short period of time.
Let’s See a Detailed Breakdown on How Much Does it Cost to Charge a Tesla
How Much Does it Cost to Charge a Tesla: Tesla Model S
The Tesla Model S is the company’s performance model premium vehicle series. It was designed to provide the sense of driving a high-performance model vehicle with four seats. This vehicle is designed for the person who wants to drive a sports car but is an environmentalist and dislikes fuel-powered automobiles owing to their polluting nature, which is tremendously harmful to our planet.
How much does it cost to charge a Tesla? The Tesla Model S comes in two flavors: Long Range and Model S Plaid. The battery in these variants is 100-kilowatt hours. A full charge will cost you $15.29 if you have a Tesla Model S extended range with a range of 412 miles and a charging rate of $0.13 per kWh.
How Much Does it Cost to Charge a Tesla: Tesla Model 3
This is the company’s most affordable model, and it is fashioned in the shape of a small SUV. It also has two engines. This vehicle is absolutely silent and exceeds its rivals in terms of speed. The Tesla Model 3 is available in three different configurations: – Long Range Model 3; Model 3 Performance versions
Variant 3’s basic model features a 50 kWh battery and a 263-mile range. The next two top versions, Long Range and Performance, both have an 82 kWh battery. The Long Range has a range of 353 miles, while the performance has a range of 315 miles.
The ordinary model of this automobile will cost you roughly $7.65 to fully charge it. At the same time, the Long Range and Performance variants will cost you around $12.54 to completely charge your vehicle.
How Much Does it Cost to Charge a Tesla: Tesla Model X
How much does it cost to charge a Tesla Model X?
Both the long-range and Model X Plaid features 100 kWh batteries. Battery capacity in older Model X models may be as low as 60 kWh. Assume you own a Model X with a 100 kWh battery and pay the $0.13 per kWh national average in the United States for power. Allow for a charging efficiency of 85 percent, which is typical for Level 2 home charging stations.
A full charge of a Model X would cost roughly $15.29 based on this. Given the Model X Long Range’s 360-mile range, the cost per mile would be roughly $0.042, or $4.24 for every 100 miles travelled.
Because the 2021 Model X Plaid has a 340-mile range, the cost per mile would be much higher, about $0.045, with the cost per 100 miles coming in at around $4.49. Keep in mind that the cost of charging a Tesla Model X is dependent on the kind of charger used, the cost of power in your area, and whether or not the battery is charged from zero.
How Much Does it Cost to Charge a Tesla: Tesla Model Y
The Model Y, Tesla’s newest EV, is available in three configurations, each with a 75 kWh battery. The Standard Range Model Y costs $11.47 to charge fully. This equates to around $0.047 every mile, or $4.70 per 100 miles. This is more than 64% less expensive per mile than driving some of the most popular gas-powered autos, which costs roughly 13 cents per mile.
These gas savings are significant, but most new electric car owners are aware of an even more cost-effective way to charge a Tesla using a home solar power system.
How Much Does it Cost to Charge a Tesla With a Home Solar-Powered Charging Station
Do you want to optimize your EV charging cost savings? The greatest method to solve the doubt about how much does it cost to charge a Tesla is to use a solar power system! A solar system’s typical return on investment is seven to eight years, which means you’ll save money and be paying the less electric bill for your solar system than you would for energy from your utility at this point.
Given that a solar system normally lasts 25 to 30 years and a Tesla typically lasts 23 to 38 years (as stated in more detail below), installing solar alongside your EV is a worthwhile investment. In fact, after your system has been paid for, you will continue generating power and charging your vehicle for free!
If your property is appropriate for solar panels, solar power may be produced for as little as 5 cents per kilowatt-hour. This allows you to charge your Tesla for just 35% of the cost shown above while also cutting the cost of powering your home.
Let’s begin with the math. An average price of a 6 kW solar system will cost roughly $17,100 before the current 26% tax credit and approximately $12,654 after the tax credit. It will generate 6,130–10,500 kWh of electricity per year (depending on how sunny it is where you live). This translates to 184,000 to 315,000 kWh throughout the length of a solar power system’s 30-year lifespan or around 5.6 cents per kWh.
This is around 35% less than the national average power cost and less than one-third the cost of grid electricity. In states such as California, Massachusetts, New York, and New Jersey, where electric utility costs are significantly higher than the national average, charging cost for your Tesla using home solar power rather than grid electricity might save you at least 65 percent.
To be clear, the time worth of money is not taken into consideration. However, with deposit interest rates around zero, this makes little difference in the figures.
How Much Does it Cost to Charge a Tesla: How Much Does it Cost to Fuel a Gas-Powered Car
The size of the gas tank and the kind of gas used impacts the cost of fueling gas-powered cars. If your vehicle is inefficient, you will also pay more for gasoline overall (meaning it travels a shorter distance per gallon of gas).
We will compare the prices now.
The 2022 Honda Civic 4Dr is a car with a tank size of 12.4 gallons. It runs on regular gasoline ($3.062/gallon in August 2021, according to the EIA); therefore, filling up the tank will cost roughly $37.97. The Honda Civic is also rather efficient, with a combined city/highway fuel efficiency of 36 gallons per mile and a range of 446 miles. The average cost of gasoline for a Honda Civic is 8.51 cents per mile.
The Mercedes-Benz E350 4matic 2021 is a luxury midsize vehicle with a gas tank capacity of 17.4 gallons. This vehicle runs on premium gasoline ($3.736/gallon in August 2021, according to the EIA), which costs around $65.01 to fill the tank. It gets around 25 miles per gallon (city/highway) and can go approximately 435 miles on a single tank of gas. The total cost per mile of fuel for this Mercedes-Benz is around 14.94 cents per mile.
Electric Vehicle vs. ICE vehicle: Which is Cheaper
It’s tough to compare the long-term costs of (EVs) and ICE vehicles because it depends so much on the vehicle you buy — but what can you anticipate in general? In June 2021, the Department of Energy (DOE) conducted a study to evaluate the lifecycle costs of EVs and ICE autos, including average maintenance expenses for each kind of vehicle.
According to the DOE, an EV costs 6.1 cents per mile driven, whereas an ICE car costs 10.1 cents per mile driven: a 4 cent difference! While this may not appear to be much, when you consider your car’s lifespan, it soon adds up. Assume you drive 200,000 miles in your vehicle’s lifetime – that’s $8,000 saved with an EV. This value jumps to $12,000 if you drive 300,000 kilometers, implying significant savings.
What Are The Pros & Cons of EV
Electric cars are less expensive to operate on an annual basis and can save you time by allowing you to charge them at home, but these cars can cost you much upfront cost than a normal ice vehicle. They are significantly better for the environment and have shown to be competitive in terms of power and performance.
On the negative side, charging networks can be tricky to traverse at first, and you must plan ahead of time to account for some of the slower charging locations you may encounter.
Some Pros of EV’s:-
- Electric vehicles are energy efficient: a higher proportion of the energy required to power an EV is converted to usable energy.
- Electric vehicles (EVs) reduce emissions: Unlike ICE vehicles, EVs do not emit carbon dioxide into the atmosphere. Nevertheless, if they are not fueled by clean energy, the electricity source used to recharge them may contribute to emissions (though still far less than an ICE vehicle).
- Why EVs require less upkeep: Because EVs do not have an internal combustion engine, their maintenance expenses are usually cheaper than those of ICE vehicles.
Some Cons of EV’s :-
- Why EVs don’t always go as far: an EV’s battery often has to be recharged before a similar ICE vehicle’s gas tank needs to be refilled.
- EVs take longer to “fill up”: You’re probably used to filling up your car’s gas tank whenever it’s empty; EVs, on the other hand, need a bit more planning. Charging should take about 15 minutes, even with the fastest EV charger. If you have an EV charger installed at home, you will need to visit the gas station less regularly!
Factors Affecting the Charging of a Tesla
Charging an EV depends on a lot of factors, including:
How far will you have to travel in order to charge? This is the main question affecting the doubt of how much does it cost to charge a Tesla? For this, you have to select a Tesla Model with enough range and capacity to prevent being stranded.
Buyers on a limited budget may be able to find excellent automobihttps://en.wikipedia.org/wiki/Mitsubishi_i-MiEVles under $35,000, such as the Kia Soul EV. Consumers with more discretionary cash may wish to explore purchasing more technologically advanced automobiles, such as the Tesla Model S.
For people who reside in areas with a scarcity of public charging stations, hybrid vehicles allow you to go farther between charging sessions. On your daily commutes, what do you transport? For those who live alone, a compact Mitsubishi i-MiEV is sporty and light. Consider the Kia Optima if you’re looking for a great all-around sedan. Alternatives like the Tesla Model Y give the room and comfort needed to get through the day for families.
Do your research on “How much does it cost to charge a Tesla?” before deciding that if you want to commit to this vehicle or not. Electric vehicles are critical to the preservation of our common resources. Installing solar panels to power your electric vehicle amplifies your efforts while reducing the strain on the world’s diminishing oil supply.
Contact a home solar installation company in your area to learn more about installing a solar system to supplement your electric car. I think by now, you all may have cleared your doubt’s on how much does it cost to charge a Tesla?