Tesla Model 3 Gas Savings | How Much Am I Really Saving?

A key selling point of the Tesla Model 3 is the gas savings you'll realize. But how much are you really able to save, and does that savings in gas offset the cost of a new Tesla Model 3?

In this video we'll explore the savings I'm seeing in my daily work commute by not having to purchase gas. We'll offset that with the cost I'm paying for electricity to charge my Tesla for my drive to and from work. We'll compare a traditional gas car, a BMW 330i, to my Model 3 RWD and see what what I'm paying for my electric costs vs what it would cost me for gas.

#MyWifesTesla #Model3

[HikaruKatayamma]

I used to drive a 69 Mercury Monterey with a 390 V8 that guzzled premium at 8mpg city, and 12mpg highway. Driving it to work every day cost me around $50-60 every other day. My Model 3, charging every day, costs me less than $50/month.

[christopherVegas]

Excellent video, I am so frustrated with Toyota and Ford dealers marking up car prices so I am now looking at Tesla. My solar panels on my Las Vegas house produce more electricity than I use so my cost will be close to zero. I like that u can order a Tesla without the dealer horseshit too!

[stevep]

.26 cents per kwh here in SoCal off peak. Cost like 35 to fill up a tank for prius

[SMURFF]

Just buy a Prius and use regular gas it’s about more or less the price of electricity with it’s 55+ mpg and you get the reliability of a Toyota and well put together car… also a lot cheaper about 28k for a brand new one, then you’ll have an extra 15k for gas left compared to buying a brand new tesla…

[biffgordon]

Nice video. I'm enjoying not paying for gas, however you need to factor in the upfront capital cost of setting up your home for charging. Cost me about a grand but will differ greatly depending on your situation.

[jasonmagana]

Insurance is more expensive for Teslas because very few shops are authorized to work on them if an accident happens

[BobbieGWhiz]

The trip meter kWh/mi figure only shows the kWh used to move the wheels. It does not include the charging losses from “charger” to battery (10% in my case). My Juicebox shows the number of kWh actually pulled from the grid (I don’t know if the Tesla wall charger shows this). Also, look at your Tesla phone app under Charger Stats and you can see the number of KWh that actually filled your battery. This value (for me) is again about 10% greater than the trip meter value, because Tesla ignores kWh used for other purposes (battery temperature control and cabin heating and cooling, etc. displayed in their trip meter screen. All in all, the trip meter kWh is about 20% less than I pull from the grid. I pay at least $0.25/kwh in Connecticut (electricity is generated by natural gas and 35% from renewable) and my previous car used regular gas. So our savings calculations are at opposite sides of the spectrum. Thanks.

[zackxmoon]

Please remember that although your electric company may charge 12.5 cents per KWh, that doesn't mean you are paying $0.125 for each KWh you use. The total electric bill (just like the total gasoline cost per fill up) includes far more than just the energy, ie transmission, delivery, other fees. So it would be more realistic to look at your total home KWh usage for the month and try to gauge a proportion of that usage needed to charge your Tesla for the month and multiply that fraction by your total month's electric bill. For example, if you used 600 KWh for the entire month to charge your car, and your total home usage was 1800 KWh, that proportion is 600/1800 = 33%. And if your total electric bill for the month was $270, then your cost to charge the Tesla is 33% x 270= $90 for the month. You can then break down the cost further as you like.. ie per day, per charge, per true cost of KWh. In this example, the true cost per KWh is 15 cents. Nonetheless, much cheaper than paying for gasoline.

[Yakington]

Once the cost of gas goes back to normal.. owning an electric car will be saving you a lot less… the couple of things I do not like about Tesla is the fact that their cars are built very poorly.. as well as very high repair costs since you can’t order any parts from 3rd party sources..

[krisevon]

Good comparison when a person can truly afford a 50K type car. Unfortunately I do think those who want to justify the premium car will use the analysis say now it makes sense to spurge.

[jdog]

If you can get in the office and only charge off your work's tesla charger, your cost of electricity is actually $0