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



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

Common Questions About Electric Car Costs:
1) What about car insurance? Not apples to oranges, but the Tesla Model 3 Mid-Range was about $30/month more to insure versus my Crosstrek. Keep in mind this is comparing a $50K car (Tesla) to a $25k car (Crosstrek). The Model 3 Performance is about $30/month more than the mid-range (significantly more expensive and more powerful vehicle). Buying performance cars is obviously not financially wise, as they tend to have great fuel/energy/maintenance/insurance/depreciation costs.
2) What about maintenance? Overall, it’s less required touch points. The two big ones are changing brake fluid every two years (similar to ICE vehicles) and changing battery fluid every four years (unlike ICE vehicles, which of course have oil changes). Here’s a full breakdown of the maintenance schedule:
3) The main point here being: the biggest cost associated with electric vehicles is the car itself. Insurance may or may not be higher depending on what vehicle you’re comparing to.

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31 Replies to “Why Electric Cars Are So Cheap To Drive – My Tesla Model 3 Electric Bill”

  1. Engineering Explained

    Common Questions About Electric Car Costs:
    1) What about car insurance? Not apples to oranges, but the Tesla Model 3 Mid-Range was about $30/month more to insure versus my Crosstrek. Keep in mind this is comparing a $50K car (Tesla) to a $25k car (Crosstrek). The Model 3 Performance is about $30/month more than the mid-range (significantly more expensive and more powerful vehicle). Buying performance cars is obviously not financially wise, as they tend to have great fuel/energy/maintenance/insurance/depreciation costs. I pay about $110/month for full coverage, high liability coverage (500k), $500 deductible on my Model 3 Performance.
    2) What about maintenance? Overall, it's less required touch points. The two big ones are changing brake fluid every two years (similar to ICE vehicles) and changing battery fluid every four years (unlike ICE vehicles, which of course have oil changes). Here's a full breakdown of the maintenance schedule: https://www.tesla.com/support/car-mai...
    3) The main point here being: the biggest cost associated with electric vehicles is the car itself. Insurance may or may not be higher depending on what vehicle you're comparing to.

  2. Krystal

    In Australia the RACQ advises that Tesla is the most expensive car to own, that includes all luxury cars on the market. They are for the affluent or those that want to look affluent and end up broke.
    Anyone who could genuinely afford a Tesla wouldn't care about the cost of petrol, they care about driving a fancy car, maybe saving the planet is in the back of their mind somewhere.

  3. Bryan G

    Watching this living in California with ~$4.00 a gallon, driving 1,750 miles a month with a Ford Raptor that gets 15mpg wasn’t the best idea lol might pick up a model 3 or a 500e

  4. Dave Amies

    Thanks, this helped me understand the principles of what's going on, I didn't use your formula's cause everything here is metric (I could convert them if I wanted). I looked at buying a Renault Zoe, but the high cost (about 2/3 of a model 3 here) could not be justified with the fuel savings, so I decided to keep my current car (~55mpg when I convert from metric to American) and hold out a few more years, hopefully as there is more electric cars available they will get cheaper and more efficient.

  5. Jamey Moore

    The technology is not at a point that the average consumer should invest in an electric car. 5 to 10 years from now may be a better time when the electric cars have evolved . Chevrolet is coming out with a new mid engine corvette. If u have a lot of time and money then buy A car that will obviously have many bugs and problems to be worked out in the long run.
    The internal combustion engines today run more efficiently and pollute less than they ever have. Electric cars r trading one set of problems for another.
    If electric cars ever become the norm I can't wait to see invironmentalists targeting electric cars for the environmental problems they may cause.

  6. Adam Miller

    It makes sense to me to do a local electric truck but going cross country not so much. However trains have diesel electric motors. Would it make sense to do a scaled down version of that for a truck. Basically a diesel generator tuned to its most efficient rpm powering electric motor(s) to move the truck giving it a much larger range.

  7. aar00n08

    "You will use more than 75kwh in a given charge because of regen" literally not possible unless you break one of newton's laws. You use the battery to accelerate. The only way you use more than 75kwh is if you live on top of MT Everest and commute down daily.

    This video like many other Tesla videos is biased and plain misleading. Thumbs down from me.

  8. Adnan Jusic

    Here in Bosnia gasoline is much more expensive.. So its 10 to 15 times cheaper to drive electric than average i.c.e. engine. Sad is that here there is almoust no electric cars.

  9. Dragon Crackers

    Just too expensive for most of us. To get a nice Tesla with all the fun features they want a huge down payment and then the monthly note is almost unaffordable. So… you can get a model 3.. Yea, except they tack on $$$ for every little software option that they could easily just make standard. By the time I get what I want, Im right back at broke again. Oh and the insurance is higher, I checked. Then if something breaks… (I already saw the tire video) What happens when they age? I know they depreciate quickly to.
    So for now, my best option is Camry Hybrid $240/month, $110 insurance +gas. Its not that I hate Earth or dont love Tesla. I just cant afford one, like most of us.

  10. BIG steve

    Cheap to run, dam expensive to repair and or replace the battery. Soon as the demand goes up for electricity then the government will put power and cost of charging points up. Its not the answer, its only a fad atm.

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