There are many benefits to owning a fully electric vehicle (EV) such as Tesla. Driving can not only reduce your carbon footprint, but it can also save you money in gas. This is because the cost of loading EV is usually more expensive than what is needed to fill the pump.
If you are on the market or for Tesla or Toyota RAV4, you may be wondering who is more profitable. Although at the beginning EV may look like a clear winner, there are other costs that need to be taken into account.
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Here’s what it usually costs to load Tesla against filling the Toyota RAV4 every month, as well as several other key figures.
See also the countries where it costs to charge Tesla.
Tesla: Typical billing costs
Reaching a full Tesla fee can cost you from $ 10.95 to $ 17.99, according to Energysage (which uses the average national price of electricity of the energy administration). The exact price depends on which model you have.
The full fee usually costs the following:
On average, electricity costs $ 0.1564 per kilowatt hour (kWh). When you break it, you look to spend about $ 0.0456 a mile.
Keep in mind that what you will actually spend to load EV depends on which model you have and how much you drive. For example, Tesla Model Y Long -term RWD can leak about 357 miles with full loading. Meanwhile, the Model 3 Long Range RWD receives about 363 miles.
According to the federal administration of highways, people travel an average of 13 476 miles a year. This is approximately 1123 miles a month. This means that the Tesla average driver will have to completely charge his car three times a month, which would cost between $ 33 and $ 54 based on the above average.
It is worth noting that a small percentage – about 6% to 10% – energy is lost during charging, for clean power of NRG. This means that you may need a little more energy to fully charge your car. You can also want to keep your car on during a long stay of non -use, which can add a little extra to billing costs.
See: Here’s what it costs to charge Tesla a month for the use of gas for Honda Civic
Toyota RAV4: Typical gasoline costs
According to the latest Edmunds data, 2024 Toyota RAV4 XLE costs an average of $ 126 to fill each month. This is a little less than a typical SUV that will overcome you more than $ 174 a month.
These figures are based on driving 55% in the city and 45% on the highway. If you had to drive only on the highway-as in the case of long distance travel, it would cost closer to $ 113 a month to fill. City drivers can expect to spend about $ 138 a month on the pump.
Keep in mind that there is a hybrid option that can cost less. For example, the Toyota RAV4 hybrid costs about $ 94 a month (55% city, 45% highway), Edmunds.
Tesla vs. Toyota RAV4: Comparison aside
Looking for a basic comparison of Tesla against Toyota RAV4 (non -hybrid SUV)? Here’s what you can expect in fuel and charging costs, per fueleconomy.gov:
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2024 Tesla Model S: This EV receives approximately 122 MPGE (combined) and has 402 miles from a total range. It costs about $ 600 a year (or $ 50 a month) to charge. This is approximately $ 5500 annual fuel savings for five years compared to such vehicles.
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2024 Tesla Model X: This model receives approximately 100 MPGE (combined) and has 335 miles of total range. It costs approximately $ 750 a year.
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2024 Toyota RAV4: With this vehicle you get a combined MPG of 30 (27 cities, 35 highways). It costs about $ 1600 a year in the tank, which is still about $ 500 less than such new SUVs.
Here are some other costs to consider when choosing between Tesla and Toyota RAV4.
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Starting price: 2025 Tesla Model 3 starts at about $ 44,130, per car and driver, while the site announced that the Toyota RAV4 has an initial MSRP of $ 31,000 (depending on where you live and upgrades).
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Loading and Installation Station: With EV, you may want to get a home loading station that can cost from $ 300 to $ 650 (the installation is not included) on the Tesla website.
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Tax credits or incentives: Owning EV can qualify you for certain tax breaks, which can help compensate for initial costs.
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Other costs: Insurance, depreciation and maintenance also affect your total costs.
According to Melanie Musson, an autoinsurance.org auto industry expert, RAV4 is more profitable than Tesla. Why?
“EVS insurance tends to be more expensive than the coverage of ice vehicles, as EVS often costs more to repair,” Messon said. “There are many technologies in EVS, and especially in Tesla. These technological characteristics, such as sensors and cameras, can be damaged in an accident.”
Messon also noted that some Tesla models can be depreciated by up to 60% in the first five years. The Toyota RAV4 is depreciated at a lower rate of about 30%.
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This article originally appeared on gobankingrates.com: Here’s what it costs to charge Tesla monthly according to the use of gas for Toyota RAV4