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The Economics of Driving a Tesla: What Charging Station Fees to Expect

Tesla has come a long way in transforming the automotive industry. Its electric vehicles have totalled the roads and the Model S, Model X, Model 3, and the recent Model Y reveal that the organization doesn’t have intentions of slowing down. For all, having a Tesla vehicle is a desire come true. Not only do these vehicles offer incredible horsepower and a luxurious driving experience, but they also represent a greener and more sustainable future through the use of electric power. But with great power comes great responsibility, and Tesla ownership comes with a few hidden expenses. One of these brilliant is charging station fees, the fee connected with powering up your Tesla. In this article, we’ll have a deep dive into what charging station fees you may anticipate and what you are able to do to truly save money while still enjoying an entirely charged Tesla.

What are Charging Station Fees?

Before we delve any longer, let’s define what charging station fees are. Simply put, they are the expense connected with powering up your Tesla vehicle at a charging station. Similar to getting gas at a petrol station, you need to pay for the electricity needed to charge your vehicle. Some charging stations are free, but most of them require you to pay a fee. Just as with gas stations, these fees may differ according to a variety of factors, including your local area, the charging station provider, and the full time of day.

How Much Do Charging Station Fees Cost?

Charging station fees vary according to where you are, but typically, you are able to expect to pay for between $0.25 and $0.50 per kWh (kilowatt-hour) of electricity. Sometimes, you could pay a set fee for utilising the charging station, but these fees are generally higher. It’s important to understand that charging costs tend to be not within the cost of the automobile, so you will need to budget accordingly. For example, in the event that you drive 1,000 miles a month and your Tesla gets 3 miles per kWh, you will need to pay for around 333 kWh of electricity. If you’re paying $0.30 per kWh, that could be around $100 per month.

How to Save Money on Charging Station Fees?

While charging station fees can accumulate, there are always a few ways to truly save money while still enjoying an entirely charged Tesla. Here are some tips to bear in mind:

Use a home charger. If you have a destination for a park overnight, consider installing a Level 2 charger at home. This can significantly lower your charging costs.

Plan your trips. If you’re going on a long road trip and need to charge your automobile, do your research beforehand to find the most cost-effective charging stations. Some stations might be cheaper than others, so that it pays to plan ahead.

Avoid supercharging. While supercharging is convenient, it’s also more expensive. Reserve supercharging for emergencies and use regular charging stations whenever possible.

Charge during off-peak hours. Many charging station providers offer reduced rates during off-peak hours. If you’re able to charge your automobile during these times, you are able to save an important level of money EV ROI calculator

Key Takeaways

Owning a Tesla vehicle comes with many benefits, but it’s important to consider that there are additional costs connected with charging your vehicle. Understanding the fees connected with charging stations can allow you to budget accordingly and avoid any unexpected expenses. By installing a home charger, planning your trips, avoiding supercharging, and charging during off-peak hours, you are able to spend less while still enjoying an entirely charged Tesla. Underneath line? The more you understand about charging station fees, the easier it is to manage your Tesla ownership costs.

Industry Statistics

Based on ChargePoint, the average cost of charging an EV in the United States is $0.28 kWh.

A recent survey by Hybrids and Electric Cars unearthed that 46% of EV drivers charge their vehicle at a public charging station at least once a month.

By 2021, you can find over 25,000 charging stations in the United States.

Overall, understanding the economics of driving a Tesla is an important part of owning one. By familiarizing yourself with charging station fees and how to truly save money on them, you are able to ensure that your Tesla ownership experience can be as smooth and enjoyable as possible.