A Comprehensive Guide to Electric and Gas Savings Estimates for New Tesla Model 3 Owners

A Comprehensive Guide to Electric and Gas Savings Estimates for New Tesla Model 3 Owners
Tesla Model 3 True Cost After A Full Year: Is It A Good Buy?

Title: Electric and Gas Savings Estimates: Factors to Consider for New Tesla Model 3 Owners

The base Tesla Model 3 now costs less than the average new car in the US

The Basic Calculation and Its Flaws

When considering the purchase of a Tesla Model 3, many potential buyers factor in the savings on gas as part of their decision-making process. A basic calculation might involve comparing the overall cost of gasoline versus electricity for driving 20,000 miles per year. For example:


Tesla Model 3: 215-mile, $35,000 electric car revealed

- Mileage: 20,000 / yr (long commute)

Electric car cost vs. gas comparison: Charging, discounts, tax credits

- Gas: Miles per Gallon Average: 28

Tesla's affordable Model 3 receives more range and updated price

- Gas: Cost per gallon (premium): $3.50

Tesla introduces Model X 60D with 200 mile range

- KWH / Mile: 0.25

Energies | Free Full-Text | An Empirical Study of How Household Energy Consumption Is Affected by Co-Owning Different Technological Means to Produce Renewable Energy and the Production Purpose

- $/KWH: 0.223 (MA is expensive)

Overall gas cost: (20,000 / 28) * $3.5 = $2,500

Overall electric cost: (20,000 * 0.25 * 0.223) = $1116

Simple savings = $1,384 / yr; Over 6 years roughly $8,304 (simple scaling, no change in gas/elec costs)

However, this simple calculation fails to take into account several important factors that can significantly impact these estimates.

3 Years & 80,000 Miles With My Tesla Model 3 — Battery Degradation, Maintenance Costs, Etc. - CleanTechnica

Paragraph 1: Efficiency and Phantom Drain

One key element missing from the basic calculation is the efficiency of the actual charge and phantom drain. These factors can reduce your expected savings when switching from a gas-powered vehicle to an electric one like the Tesla Model 3.

Model 3 | Tesla Other Europe

Paragraph 2: Price Volatility

Another issue with the basic calculation is that it assumes static prices for both gasoline and electricity. While it's true that there are factors that can stabilize the price of electricity, it's essential to consider potential fluctuations in energy costs when estimating long-term savings.

So how much would buying a Tesla really cost you?

Additional Factors to Consider

If you're looking at purchasing a Tesla Model 3 primarily for the potential savings on gas, it's essential to take a more comprehensive approach to your calculations. Several additional factors can impact your overall savings.

2020 Tesla Model 3 Standard Range Plus for Sale - Cars & Bids

Paragraph 1: Cold Weather and Efficiency

One significant factor that can affect electric vehicle efficiency is cold weather. In colder temperatures, battery performance may be reduced, leading to lower kWh/mile than the nominal value. To account for this, consider adding an 80% factor into your efficiency calculation during winter months.

The 2 Best Electric Vehicle Chargers for Home of 2023 | Reviews by Wirecutter

Paragraph 2: Charging Options and Costs

Another important aspect to consider is where you'll be charging your Tesla Model 3 and the associated costs. Some drivers may have access to free or discounted charging options at work or other locations, which can significantly impact overall savings estimates. Be sure to research local charging options and factor these costs into your calculations.

Will Tesla Face A Huge Demand Problem Selling 1.3 Million Model Ys In 2022 Or 2023? - CleanTechnica

Paragraph 3: Maintenance Savings

While calculating potential fuel cost savings is crucial, don't forget about the maintenance savings that come with owning an electric vehicle like the Tesla Model 3. With no oil changes, timing belt replacements, and longer-lasting brakes due to regenerative braking, these savings can add up over time and should be considered when evaluating the overall value of purchasing a Tesla.

In conclusion, while saving money on gas is an attractive benefit of owning a Tesla Model 3, it's essential to take a more comprehensive approach when estimating potential savings. By considering factors such as efficiency, price volatility, cold weather impacts, charging options and costs, and maintenance savings, you'll have a clearer picture of the true value of investing in a Tesla Model 3.