Here's How Much Tesla Charging Actually Costs!

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0:00 What It's Like to Never Buy Gas
3:27 Sponsor (Birch)
4:58 Tesla Charging Cost After 136,000 Miles

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For me, it’s been over 5 years since I bought gas, but in terms of average annual mileage it’s actually more like 10 years and in this video I’ll explain why that is and I’ll reveal how much it’s actually cost to charge my Tesla Model 3 along with how much money (and other things) that I’ve saved by not buying gas. My 2018 Tesla Model 3 just surpassed 136,000 miles, and that is an important milestone because the average driver in the US drives 13,500 miles per year so that means I’ve traveled the equivalent of 10 years of driving for the typical vehicle owner. My total charging cost up to this point in time can be a good estimate of what someone can expect to pay over the average lifetime ownership of an electric vehicle. It’s ironic that one of the biggest reasons that make people afraid to buy an electric vehicle is the transition to charging instead of filling up at the pump, when in reality, charging is possibly the best part about owning an EV. I got so fed up with gas that I spent way more money than I ever thought I’d spend on a car when I got my Tesla Model 3. Let’s get to my favorite part of drilling down into the numbers to calculate my total cost to travel the equivalent of 10 years of average driving in my Tesla Model 3 and compare it to what it would have cost in a comparable gas car. One of the few downsides is the additional cost of adding a home charger. Many EV owners can actually get by with just charging their car on a normal outlet if they have access to one such as in their garage, so there’s really no need to pay for an EV home charger in that case. I drive much more than the average driver so I need to charge my car faster than what a normal outlet provides so after receiving a 30% tax credit I ended up paying $940 for an electrician to install an EV charger in my garage, which falls within the average cost of an EV home charger installation. If we compare that to the fastest Toyota Camry model from the same year which averages 26 miles per gallon, the total gas cost to travel 136,000 miles at an average gas price of $3 per gallon would be $15,692. Maybe best of all, my battery health is at 95% and is still going strong after all these miles so if I indeed hit my goal of 10 years of ownership, that could be $22,000 in gas savings alone which is incredible. To top it all off, if you purchase a Model 3 before the end of the year and qualify for the full tax credit, the cost is only $33,000 which is about the same as a Toyota Camry.

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