Tesla Model 3 Costs More To Charge Than A Gasoline Car

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About: Tesla, Inc. (TSLA), Includes: AAPL, GOOG, GOOGL, HMC, HNDAF, HYMLF, HYMPF, HYMPY, HYMTF, TM
by: Anton Wahlman
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Summary

Investors who take it for granted that electric cars are cheaper to run, need to think again.

A comparison between Tesla Model 3 and the three leading hybrid cars of calendar year 2018 from Toyota, Honda and Hyundai proves otherwise.

At the current typical Supercharger price of $0.24 per kWh, a Tesla Model 3 is $0.06 per mile. At the current gasoline price of $2.65, the 50+ MPG hybrids are $0.05 per mile.

Then you have to add that the Model 3 has at best half the range and takes at least 10-20x as long to recharge that inferior range.

Of course, the Model 3 also costs twice as much, and you have to assign an approximate $1,000 per year to battery depreciation, alone more than driving on gasoline for a year.

Most people know the cost of driving a car that runs on regular gasoline. You take the price of the fuel per gallon, and divide it by the Miles Per Gallon (MPG) number that your