If you’re weighing the monthly cost of charging a Tesla against the price of gas for a Toyota Camry, the difference might be bigger than you think.
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Using a national average electricity rate of $0.16 per kilowatt hour and fuel at $3.90 per gallon, Tesla’s data reveals that its vehicles cost far less to power than what it costs to gas up a Toyota Camry.
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Tesla Model S
The Tesla Model S is considered a mid-size sedan. Driving this electric make and model 100 miles per day will result in charging costs of $136.36 per month. Covering that same distance in a gas-powered Toyota Camry — at 32 miles per gallon and $3.90 per gallon — would total around $371 per month. Overall, it would cost approximately $235 more to drive the Camry.
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Tesla Model 3
Like the Tesla Model S, the Model 3 is a mid-size sedan. Driving a Tesla Model 3 100 miles per day equals charging costs of $124.49 per month. Compared to the monthly gas expenses of $371 for the Toyota Camry, that’s a savings of about $247.
Tesla Model X
The Tesla Model X is considered a crossover SUV model. Driving a Model X 100 miles per day adds up to $161.62 in monthly charging costs. That’s a savings of about $209 compared to the monthly fuel expenses for a Toyota Camry.
Tesla Model Y
The Tesla Model Y is also a crossover SUV. The monthly charging costs of driving 100 miles per day are the same as those for the Tesla Model S — $136.36. Compared to the $371 it would cost to fuel a Toyota Camry over a month for the same travel distance, that’s about $235 in savings.
Calculations made using the Tesla charging calculator.
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This article originally appeared on GOBankingRates.com: What Does It Cost To Charge a Tesla Monthly Compared to Gas for a Toyota Camry?
