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

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  • Published on:  Wednesday, February 27, 2019
  • How Does My Tesla Model 3 Affect My Electric Bill?Why I Bought A Model 3 Performance - https://youtu.be/XzspO4-T7t4How Does A Model 3 Handle Snow - https://youtu.be/9GAdW4Xa3MUSubscribe for new videos every Wednesday! - https://goo.gl/VZstk7Recommended Books & Car Products - http://amzn.to/2BrekJmHow 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: 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. Engineering Explained is a participant in the Amazon Influencer Program.Don't forget to check out my other pages below!Facebook: http://www.facebook.com/engineeringex...Official Website: http://www.howdoesacarwork.comTwitter: http://www.twitter.com/jasonfenske13Instagram: http://www.instagram.com/engineeringe...Car Throttle: https://www.carthrottle.com/user/engi...Amazon: https://www.amazon.com/shop/engineeri...EE Extra: https://www.youtube.com/channel/UCsrY...NEW VIDEO EVERY WEDNESDAY!
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  • Engineering Explained
    Engineering Explained  5 months ago +309

    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.

  • Lou Dryka
    Lou Dryka  5 months ago +648

    I can't tell if this guy is 25 or 45 years old

  • Yang Ji
    Yang Ji  5 months ago +105

    Your electricity rate is 7.9 cents. Mine is 21.

  • Logan Cressler
    Logan Cressler  4 months ago +40

    You can generate your own electricity easily enough, but I doubt many people make their own gasoline

  • amcluesent
    amcluesent  5 months ago +185

    Wait until the Government increases taxation on electricity to recoup what's been lost from lower gas sales.

  • stimpen12
    stimpen12  yesterday

    I live in Sweden, a US gallon of gasoline costs about $6.3. Guess my next car will be an EV.

  • Phillip Fetner
    Phillip Fetner  5 months ago +600

    How in the world do you have a $46 electric bill????? That's crazy part of this video.

  • TheLastCrankers
    TheLastCrankers  2 days ago

    $45 for a month of electricity with an electric car. These prices are so low and they make so angry, that I snapped something in my back, which I’ll fix for free in my local hospital without touching my insurance.

  • Tom Cartmel
    Tom Cartmel  5 months ago +63

    70%+ of gasoline energy in ICE is wasted as HEAT.

  • Tim Stevenson
    Tim Stevenson  5 months ago +25

    Your charging efficiency is definitely conservative. Using teslafi with my Model 3 I have tracked 181 home charges with 1435.6 kWh added and 1584.23 kWh used for an average efficiency of 90.62% over the past 4 months. Total charge time of about 9 days.

  • Sir Asbjorn
    Sir Asbjorn  5 months ago +50

    U really need to include service cost... Every x miles u need new oil, spark plugs, cables, oil filter, air filter cam belt etc.....

  • Martin S.
    Martin S.  5 months ago +341

    Ahhh finally some maths back on the menu

  • Chuck Wight
    Chuck Wight  5 months ago +37

    I cannot wait until battery capacity gets better and cheaper. It's good now - it should be fantastic in 5 years.

  • obummersux
    obummersux  2 months ago +11

    electric bill is 46 bucks? you live on candles?

  • Andres Acevedo
    Andres Acevedo  4 months ago +4

    Bro I’ve been watching you for years now, you are a bad ass! Keep it up

  • Bryan G
    Bryan G  14 days ago +2

    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

  • tali sson
    tali sson  5 months ago +621

    And this is for the USA, where gasoline is dirt cheap.
    Do one for the average price in Europe!
    Here we pay about 7 USD per gallon, so that's like 3000 USD per year.

  • Niels Daemen
    Niels Daemen  5 months ago +5

    You have cheap electricity compared to the Netherlands at least!

  • kevin moore
    kevin moore  1 months ago +1

    petrol/gas in the UK is $8 per gallon .... so the ev saving are even more impressive

  • cuda426hemi
    cuda426hemi  5 months ago +9

    Here in L.A. the price of regular has spiked to $2.97/gal for the last two weeks making the EV argument even stronger. Regardless, you can't throw a stone out here without hitting a Tesla there are so many. They've replaced the Prius as the "in" car to drive. 🚗