Tesla Model 3 Gas Savings Calculator
Estimated Annual Savings: $0.00
Here’s a comprehensive table with everything you need to know about estimating gas savings when switching to a Tesla Model 3. This table covers fuel efficiency, Tesla Model 3 energy consumption, gas costs, electricity rates, and estimated annual savings based on mileage and fuel/electricity costs.
| Factor | Option | Estimated Cost / Value | Description |
|---|---|---|---|
| Current Car Fuel Efficiency | Low Efficiency (15 MPG) | High Annual Fuel Cost | Typical for large SUVs or trucks; high fuel cost compared to efficient cars or EVs. |
| Moderate Efficiency (25 MPG) | Moderate Annual Fuel Cost | Average fuel efficiency for many standard gasoline cars. | |
| High Efficiency (35 MPG) | Lower Annual Fuel Cost | Typical for compact or hybrid cars with higher fuel efficiency. | |
| Tesla Model 3 Efficiency | Energy Consumption | 0.24 kWh per mile | The Tesla Model 3 consumes 24 kWh per 100 miles, equivalent to 0.24 kWh per mile. |
| Equivalent MPG | ~120 MPG-equivalent | Comparing kWh to gasoline, the Model 3 achieves an equivalent of around 120 MPG, making it highly efficient. | |
| Annual Mileage | Low Mileage | 8,000 - 10,000 miles | For short commutes or low-mileage drivers. |
| Moderate Mileage | 10,000 - 15,000 miles | Average annual mileage for most drivers, including commute and some leisure travel. | |
| High Mileage | 15,000 - 20,000 miles | Suitable for long commutes or frequent travelers; higher savings potential with a Tesla Model 3. | |
| Gas Price per Gallon | Low Price | $2.50 - $3.00 | Fuel costs vary by location; lower gas prices reduce savings compared to electric costs. |
| Average Price | $3.00 - $3.50 | Common in many U.S. states; provides a balanced comparison for savings estimation. | |
| High Price | $4.00+ | Seen in urban areas and high-cost regions, significantly increases the savings potential with a Tesla Model 3. | |
| Electricity Rate per kWh | Low Rate | $0.10 - $0.12 | Common in states with cheaper electricity; lowers the Tesla Model 3 operating costs further. |
| Average Rate | $0.13 - $0.15 | Average U.S. electricity rate; provides a moderate savings estimate. | |
| High Rate | $0.20+ | Higher electricity rates may lessen the savings; however, EVs remain efficient due to low per-mile cost. | |
| Annual Fuel Cost | Gas Car (15 MPG, 15,000 miles, $3.50/gal) | ~$3,500 | Represents the cost for a low-efficiency car with high mileage and moderate gas prices. |
| Gas Car (25 MPG, 15,000 miles, $3.50/gal) | ~$2,100 | Represents the cost for a mid-efficiency car with average gas prices, moderate savings when switching to EV. | |
| Gas Car (35 MPG, 15,000 miles, $3.50/gal) | ~$1,500 | High-efficiency cars have lower costs but still more than Tesla Model 3 electricity costs. | |
| Annual Electric Cost (Tesla) | Low Rate ($0.10/kWh, 15,000 miles) | ~$360 | Low-cost electricity significantly reduces the annual cost of operating a Tesla Model 3. |
| Average Rate ($0.13/kWh, 15,000 miles) | ~$468 | Average U.S. electricity rate for 15,000 miles, which is a common mileage for savings comparison. | |
| High Rate ($0.20/kWh, 15,000 miles) | ~$720 | Higher rates increase costs but still remain well below the annual cost for gasoline. | |
| Estimated Annual Savings | Low Efficiency Gas Car (15 MPG) | $2,500 - $3,100 | Annual savings for switching from a low-efficiency vehicle (15 MPG) to a Tesla Model 3. |
| Moderate Efficiency Gas Car (25 MPG) | $1,500 - $1,700 | Annual savings from switching from a moderate-efficiency car to a Tesla Model 3. | |
| High Efficiency Gas Car (35 MPG) | $800 - $1,200 | Savings for switching from a high-efficiency car to a Tesla Model 3; EV is still cheaper to operate even with efficient gas car. |
Key Points:
- Current Car Fuel Efficiency:
- Low Efficiency (15 MPG): Common for large SUVs or older trucks, resulting in higher fuel costs.
- Moderate Efficiency (25 MPG): Standard for mid-sized cars or crossovers, resulting in moderate fuel costs.
- High Efficiency (35 MPG): Typical for compact cars or hybrids; lower fuel cost but still higher than the Tesla Model 3’s electricity cost.
- Tesla Model 3 Efficiency:
- Consumes 0.24 kWh per mile, translating to an estimated 120 MPG-equivalent, making it highly efficient for everyday use.
- Annual Mileage:
- Low Mileage: 8,000 - 10,000 miles; suitable for those with short commutes, resulting in lower annual savings.
- Moderate Mileage: 10,000 - 15,000 miles; average for most drivers, providing good savings potential.
- High Mileage: 15,000 - 20,000 miles; higher mileage increases potential savings due to greater fuel use in gas cars.
- Gas Price per Gallon:
- Low Price: $2.50 - $3.00, resulting in reduced savings compared to an EV.
- Average Price: $3.00 - $3.50; common in most areas, providing balanced savings estimates.
- High Price: $4.00+; common in urban areas, increasing savings when switching to an EV.
- Electricity Rate per kWh:
- Low Rate: $0.10 - $0.12; typical in states with lower electricity costs, maximizing EV savings.
- Average Rate: $0.13 - $0.15, providing a realistic savings estimate for most EV drivers.
- High Rate: $0.20+; reduces savings slightly but remains below gas car costs.
- Annual Fuel Cost Comparison:
- Low-Efficiency Gas Car: 15,000 miles and $3.50 per gallon costs approximately $3,500 per year.
- Moderate-Efficiency Gas Car: Same mileage and gas price, costing around $2,100 per year.
- High-Efficiency Gas Car: Around $1,500 per year for a highly efficient gasoline vehicle.
- Estimated Annual Savings:
- Switching from Low-Efficiency Gas Car (15 MPG): Savings of $2,500 - $3,100 per year.
- Switching from Moderate-Efficiency Gas Car (25 MPG): Savings of $1,500 - $1,700 per year.