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How much do you save on gas with a Tesla?
Will I save a lot of money on gas if I buy a Tesla? They’re so expensive so I know it would take a long time for the savings to be worth it, but I’m hoping that I can put some of the money I’ll save towards my car payments.
Liz Jenson · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
While you will save money on gas when you drive a
Tesla
, you’ll still have to pay for electricity to power your vehicle. Assuming that the cost of the electricity to power your Tesla for a year is slightly over $2,000, you’ll save an average of $800 to $1,000 per year on fuel.If you’re currently driving a larger vehicle, however, your savings could be higher. To get an exact number, look up the average annual cost of gas for your current vehicle. Then, subtract $2,310, which is the average fuel cost for driving 15,000 miles in a Tesla.
If you’d like to save some money on other expenses too, check out the
Jerry
app. With Jerry, you can see a list of car insurance quotes that work for you in a matter of minutes. The average user saves $887 per year.View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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