To cut costs and help sustain environmentally friendly energy sources, more and more people are opting for electric vehicles (EVs). However, can everyone have access to these electric vehicles? But the big question is, how much would you save on your routine car expenses if you traded your gas car for an electric vehicle?
These questions are critical for anyone who is venturing into electric cars to ask about Tesla, one of the world’s most well-known electric car companies.
Since Tesla vehicles are typically more expensive than many other brands of electric cars, it is crucial to determine whether or not you will get your money’s worth from purchasing a Tesla in the long run.
How much does it typically cost to charge a Tesla? Let’s look into this more to see if buying this particular brand of electric vehicle would be a good financial move.
The first thing you need to know about having a Tesla in Canada is that the cost of charging will change based on how you charge your vehicle and where you reside in Canada.
And this is something about which you should be well informed before purchasing a Tesla. Let’s talk about how much it costs to charge a Tesla in British Columbia, Ontario, and Quebec because those are the three largest regions in North America where the most currently sold electric vehicles are.
| Tesla Model | Cost To Charge | Charging Speed |
| Model 3 Rear-wheel Drive | $10.94 to fully charge | 170 kW |
| Model 3 Long Range AWD | $14.39 to fully charge | 250 kW |
| Model Y Long Range AWD | $13.16 to fully charge | 250 kW |
| Model S / Plaid | $17.55 to fully charge | 250 kW |
| Model X / Plaid | $15.29 to fully charge | 250 kW |
The Tesla Model 3 with basic Rear-Wheel Drive has a battery capacity of 62.3 kWh and can travel up to 272 miles on a single charge. The 82 kWh battery in the Performance Model 3s gives it a maximum range of 315 miles.
If you get the base model of the Model 3, you may anticipate spending approximately $10.94 to charge the battery fully. This costs around $0.04 per mile, or $4.02 per 100 miles traveled.
The total cost to charge the battery of the 2022 Performance model would be $14.39. That works out to approximately $0.046 per mile.
Now, let’s talk about how long you drive. According to the EPA, the Long Range Model 3 has an estimated driving range of 353 miles.
This translates to around $0.038 per mile and $3.83 for every 100 miles driven. The Model 3 Performance trim is not far behind, with an EPA range of 315 miles and a cost of approximately $0.043 per mile, equivalent to $4.39 per 100 miles driven.
Even though the standard range model 3 comes last among the models, it is certainly not the least, except for range. It will cost you around $0.032 per mile to travel its capacity of 262 miles, and you will pay a very modest $3.15 for every 100 miles of range.
The newest electric vehicle (EV) model from Tesla, the Model Y, is offered in two different trim levels, each with a 75 kWh battery. You can fully charge your Long Range Model Y for $13.16.That costs around $3.98 for every 100 miles driven, or $0.04 per mile.
The average cost per mile for some of the most popular gas-powered cars is about 13 cents. Thus, this is a savings of over 64% compared to that.
Even though these savings on gas are nice, most people who just bought an electric car have found that charging their Tesla with solar panels at home is even cheaper.
The standard battery capacity for the Tesla Model X and the Model X Plaid is 100 kWh. In earlier models, the Model X’s battery capacity may have been as low as 60 kWh.
Let’s say you have a Model X with a 100 kWh battery and you pay the average price of $0.15 per kWh for power in the United States. The industry standard for Level 2 home charging stations is 85%, so let’s assume that too.
A full charge for a Model X would set you back roughly $15.29 based on this information. With a 348-mile range, the 2022 Model X would cost about $5.27 per 100 miles, or $0.053 per mile.
With a range of 333 miles, the 2022 Model X Plaid has a slightly higher cost per mile of approximately $0.045, with a cost per 100 miles of roughly $4.49.
In addition to the charger you use and the features, your Tesla Model X has, the cost of charging depends on the price of power in your area and whether or not you are starting with a completely depleted battery.
Home charging is the best option for Tesla owners and drivers of any electric vehicle. To do this, the vast majority (if not all) of EV owners invest in a level 2 (240 volts) home charger.
The best way to care for an electric vehicle is to charge it overnight before going to bed, then disconnect the charger first thing in the morning, just like you would with a smartphone.
The charging is also dependent on the Tesla’s make and model, but it could take anywhere from 8 hours to a maximum of 12 hours. However, most charging is done on weekends, when power costs are typically lower.
The cost of charging at home will differ from province to province and energy provider to energy provider. For example, Hydro Québec charges 6.155 cents per kWh for the first 2,480 kWh used.
If you have a Tesla Model 3 with a 53 kWh battery and want to charge it overnight using your home charger, it will cost you between $3 and $4.
Ontario has electricity costs of 8.2 cents per kWh during off-peak hours; thus, a similar scenario would cost about $5.00.
It costs between $5 and $6 to charge your home overnight in British Columbia, where power costs 9.39 cents per kWh for the first 1,350 kWh used.
You’ll have to find a public charging station to recharge your Tesla while you’re on the go. Thankfully, a reliable charging infrastructure known as a “supercharger” is already in place for Tesla vehicles.
The network’s chargers are all over Canada in convenient places, and you can use the Tesla app or your car’s infotainment system to find them.
Depending on the plan, Tesla’s Supercharger service can cost anywhere from $29 to $99. such as the free year of service that Tesla gives to all new Model 3 purchasers.
In most cases, Tesla’s regular price per kilowatt-hour is 26 cents (please note that this is an estimate, and rates vary or change with the peculiarity of each charging station according to their power).
Should you invest in a Tesla, then? To put it simply, “it depends.” Teslas can save you money on gas and some auto maintenance costs compared to other vehicles. Still, you should also include the cost of insurance, the potential cost of installing a wall charger, and the cost of the Tesla itself.
A Tesla may be the ideal vehicle for you, though. Once you’ve done the arithmetic and confirmed your assumptions, you’ll know you’ve made the best decision. Learn Tesla’s investment strategies if you like working with this electric car manufacturer and want to keep in touch with them.
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EnergySage reports that the average price to charge a Tesla completely is $13.96; however, the price can vary from $9.62 to $18.30. EnergySage claims that it gathered information from actual customer electric bills in the United States. Costs at Tesla Supercharger stations will be higher due to the premium placed on rapid recharging.
According to DOT data from 2018, the average Canadian motorist logs roughly 1,100 miles each month? In the four major cities in Canada where Teslas are commonly found, a Tesla costs about 4.56 cents per mile to charge on average. If you charge your Tesla at home, you may expect a monthly increase of around $50 on your power bill.
The charging of a Tesla Model 3 will cost you approximately $10.49. Depending on the version, this comes out to somewhere between 4 and 5 cents per mile. If you drive a Tesla Model S, you should budget approximately 4.3 cents for every mile. The entire cost of a full charge is 17.55 dollars.
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