Is Tesla Cheaper Than GAS? (The Truth)

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Tesla vs GAS: TRUE Charging Cost After 100,000 Miles. Chances are, you are one of those millions of people who would have given this question some amount of serious thought.

So either, you have already arrived at a conclusion. Or, maybe you are still undecided on the subject.

In today's video, we will take a look at the real charging costs associated with owning a Tesla in the long run.

We will explore some concepts that you might not have considered in your calculations, like Wall to Wheels Efficiency or Phantom Drain.

So stick around as we do a Tesla vs. Gas head to head and try to answer whether owning a Tesla is indeed any better than a regular gas-powered car?
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The finances make no sense to me. A Tesla Model Y after 5 years loses 50% of its value, a new Tesla here in Canada with tax is roughly $95, 000, so in five years you're losing $45k in depreciation. Charing costs might be $1k per year, so cheaper than gas, which with my Toyota Tacoma costs me about $4k per year in gas. My Tacoma loses maybe 20% of it's value over 5 years, it cost me $50k new, and 5 years later it's still worth $40k. So over 5 years it will cost you roughly $10k per year to own a Tesla when you consider charging costs and depreciation. The Tacoma will cost you roughly $6k per year to own. If we look at the 10 year picture, the Tesla is going to be nearly worthless and need a $30k battery at year 10. The Tacoma will be still worth probably 40%-50% of it's original price, so let's say $20k. And you've spent $40k in gas over 10 years. So all in, over 10 years the Tacoma cost you $70k, whereas the Tesla cost $130k. Not to mention higher insurance rates with the Tesla. I think until they get a battery that lasts 20 years or is cheap, they aren't a good buy.

camels
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The free supercharging miles referral program has ended.

Mgkamiolo
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How about considering battery replacement charges after 10 to 15 years ?

swapnas
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My 2009 Corolla has 400, 000+, runs like a clock, built like a tank. Still gets 400 miles on a tank.

vanmai
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Just paid US $12.75 for 33kwh which is one gallon. Will be selling my electric car for gas to save money. Also if you pay 47 cents per KWH which is 1/33 of a gallon y0u are paying us $15.74 per gallon as one gallon of gas is equal to 33.5 KWH.

damaliamarsi
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THE upfront costs are prohibitive for most.

SalManila
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how much time is spent planning your every day around keeping your mobile charged?

importantname
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Too many people hate an EV. You just become a rolling target.

danielramsey
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EV are cheaper than gas. I am surprised the electric companies are not raising electricity like crazy. I think once more EV are on the road they will raise electric bills to make people use less electricity . The power lines will get oversaturated.

AmilcarP
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The average USA citizens don’t have good enough credit to afford a entry level house. Most USA citizens can’t afford to buy a EV. The media is pushing EV on people. Most people don’t want a EV. Too many unforeseen problems. They have rolling blackouts in some states. The USA is a major drought in some USA states. Electric bills will skyrocket in future.

goat
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Terrible comparison. You compared the Tesla to a bmw with average gas mileage that uses premium gas. You should of compared this to Camry hybrid which is a better comparison, the Camry hybrid gets 52 combined. I ran the same calculations as you, the Tesla has a $6000 running cost over 5 years and the Camry has $5500 with a average gas price of $2.60 or $6100 using the current inflated gas prices of $3.20. Also of course you didn’t mention the cost of the battery when it eventually dies and needs to be replaced. A new battery for a Tesla model 3 is $13k-16k depending on the dealer. Also there are no aftermarket options. A Toyota hybrid battery at a dealer will be $3500-4000 and when the car is old enough there are aftermarket options for around $2000-$2500. 99% of drivers don’t drive 20k miles so no one would ever save 13k-16k

paladin
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And the cost of breathing air polluted by ICE fumes? The cost of the lives lost in crashes that end in fiery explosions? It's in the name: internal COMBUSTION engine.The cost of lost gas due to expansion into fumes that expel into the air? The NET cost of gas, after the taxpayer subsidies $BILLIONS$ granted to the oil cartel? The inconvenience of relying on gas stations/gas prices set by a monopoly?
Or, producing your own fuel (electricity) by PV panels, storing it in your PowerWall II for energy independence, freedom from the grid/gas station. What is more control over your life worth?

voluntaryist
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It's a frigging glorified golf cart.

johnnyflyover