The Cost of Charging Each Tesla EV Model

A full charge for a Tesla vehicle model typically ranges from $13 to $18, depending on the model. Most Tesla owners find that charging their vehicle’s battery is more economical than fueling a conventional gasoline-powered car, potentially reducing fuel costs by up to 50%. The exact charging expense varies based on several factors, including your specific Tesla model, where you charge it, and how often you drive.

How much does it cost to charge a Tesla?

The amount you’ll spend to charge a Tesla varies based on your vehicle usage, the specific Tesla model you plan to purchase, and your charging location. The table below provides an average estimate of the costs associated with fully charging each Tesla model at home:

ModelEst. charging cost
Model 3$10.94
Model Y$13.20
Model 3 Performance$14.45
Model 3 Long Range$14.40
Model X Plaid$15.35
Model X$17.55
Model S$17.60
Model S Plaid$17.60

How much does it cost to charge a Tesla Model S?

As of August 2024, the Tesla Model S range features the Standard Dual Motor All-Wheel Drive and the Plaid version, both equipped with a 100 kWh battery. For the standard variant, which offers an impressive range of 405 miles, a full charge costs approximately $17.60. This calculation is based on an electricity rate of $0.15 per kWh and assumes a charging efficiency of 85%.
The charging cost per mile for the standard Model S is around $0.043, which equates to $4.33 for every 100 miles driven.

How much does it cost to charge a Tesla Model X?

Both the Tesla Model X and Model X Plaid use 100 kWh batteries, though some older Model X versions may have smaller capacities. Charging a 100 kWh Model X battery at home, assuming the U.S. average electricity rate of $0.15/kWh and 85% charging efficiency, costs about $17.55.

For the 2023 Model X with its 351-mile range, this amounts to roughly $0.05 per mile or $5 per 100 miles. The 2023 Model X Plaid, offering a 333-mile range, costs slightly more at about $0.053 per mile or $5.30 per 100 miles.

Note that actual charging costs can differ based on factors like charger type, vehicle specifications, local electricity prices, and initial battery level.

How much does it cost to charge a Tesla Model Y?

The Tesla Model Y, offered in two variants, features a 75 kWh battery. Charging the Long Range Model Y costs about $13.20, equating to $0.04 per mile or $3.98 per 100 miles. This represents a 64% reduction in per-mile costs compared to many gas-powered vehicles, which average around $0.13 per mile.

While these fuel savings are significant, many Tesla owners have found an even more economical charging solution: utilizing home solar panels. This approach further reduces operating costs for their electric vehicles.

What is the cost to charge a Tesla Model 3?

The Tesla Model 3 comes in three variants with different battery capacities:

  • Rear-Wheel Drive: 62.3 kWh battery, 272-mile range
  • Performance: 82 kWh battery, 315-mile range
  • Long Range: 82 kWh battery, 358-mile range

Charging costs for the 2023 models:

  • Performance/Long Range Models: $14.39 for a full charge
  • Performance cost per mile: $0.046 Long Range cost per mile: $0.04

Standard Model 3: $10.94 for a full charge Cost per mile: $0.04 Cost per 100 miles: $4.02

What is the cost of charging a Tesla if you use a home solar-powered charging station?

Installing a home solar power system can significantly reduce the cost of charging a Tesla. With optimal conditions for solar panels, the cost of generating solar power can drop to as low as 5 cents per kilowatt-hour, offering a more economical charging solution than grid electricity.

The cost of charging a Tesla using solar power ranges from $3.78 to $6.07, depending on the model, which is markedly lower than grid electricity charging costs. To understand the economics, consider the investment in a 6 kilowatt (kW) solar system. This system has an upfront cost of about $17,100, which, after applying a 30% solar tax credit, reduces to $11,970. Depending on your location’s sunlight exposure, such a system can generate between 6,130 and 10,500 kWh of electricity annually. You may want to consider a Tesla Powerwall as well.

Over a 25-year lifespan, this translates to an effective rate of approximately 5.16 cents per kWh of solar-generated electricity, significantly below the U.S. grid average of $0.15 per kWh. While this analysis doesn’t account for the time value of money, the current low interest rates on deposits make this factor less significant.

The actual cost of solar panel installation and the electricity output can vary based on your home’s location and the amount of sunlight it receives. To get a tailored estimate, you can use an online solar calculator, entering your zip code and power bill details.

What are the pros and cons of electric vehicles?

Electric vehicles offer considerable savings on annual operating costs and the convenience of home recharging, contributing positively to environmental conservation. They have also demonstrated their ability to match traditional vehicles in terms of power and performance. However, adapting to charging networks may present initial challenges, requiring additional planning for potentially slower charging stops.

What will affect the cost of charging your electric vehicle?

The annual cost of charging an electric vehicle (EV) varies based on several factors:

Range and Battery Capacity

Choose an EV with range and battery capacity suitable for your driving needs. Budget-friendly options like the Chevy Bolt EV (under $35,000) can meet many drivers’ requirements.

Budget and Vehicle Preferences

Your budget and preferred vehicle type are important factors. Higher budgets may allow for luxury EVs like the Tesla Model S. In areas with limited charging infrastructure, consider hybrid vehicles for extended range.

Practical Needs

Assess your daily transportation needs:

  • Regular commutes: Compact EVs like the Nissan Leaf may suffice
  • More space required: Consider SUVs such as the Hyundai Ioniq 5
  • Hauling large items: Electric trucks like the Ford F-150 Lightning could be suitable

8MSolar Can Help You Understand Your Options

It’s vital to conduct thorough research before settling on an EV model to ensure it aligns with your needs and preferences. Adopting electric vehicles is crucial for conserving shared resources. Pairing your EV with a home solar panel system can enhance your environmental impact and reduce reliance on diminishing oil reserves. If you are a North Carolina resident Duke Energy is offering an EV Charging Installation Rebate. Consulting with a local residential solar installation company, like 8MSolar can provide more insights into complementing your EV with a solar system.

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