Tesla owners get live updates on how much money they’re saving by switching from a gas-powered car to an electric car

  • New Tesla app feature shows you personal charging savings

Tesla has unveiled an update to its official app for owners that allows them to see how much money they’ll save if they drive one of Tesla’s electric vehicles instead of a gas-powered car.

The new feature is aimed at helping owners keep track of their personal savings.

It is available to all Tesla drivers, including business and leasing customers, and is intended to provide insight into the lower costs of driving an electric car compared to a model with an internal combustion engine.

Tesla has unveiled a new app update that shows how much money you can save by switching from a gas-powered car to a Tesla

It is available to all owners, including business and leasing customers, and should help to highlight the lower costs of running an electric car compared to a petrol car.

Calculations based on a Model Y Long Range All-Wheel drive show that the average owner driving 10,000 miles a year could pay just £200 for their fuel using an EV tariff of £0.07 per kWh for their electricity from companies such as Octopus Energy and OVO

Through the app, owners can track their exact charging costs by month or year, including a breakdown of how much they spent on charging and Supercharging at home.

The American electric vehicle maker says the Model Y Owners of a petrol car should save an average of around £1,600 per year compared to a comparable petrol car.

Calculations based on an all-wheel-drive Model Y Long Range show that the average owner driving 10,000 miles a year would pay just £200 to charge their car using an EV tariff of £0.07 per kWh for their electricity from companies including Octopus Energy and OVO.

Even when users charge their cars at Tesla’s super-fast Superchargers (of which there are 1,500 in the UK), the cost of electricity is significantly lower than the cost of petrol.

Tesla Superchargers cost between £0.24 and £0.47/kWh, meaning fuel costs are significantly lower than petrol or diesel.

Elon Musk’s car brand isn’t the only manufacturer using software to encourage drivers to buy an electric car by showing the benefits of electric driving…

Owners of petrol- or diesel-powered BMWs who use the automaker’s official smartphone app will have their journeys tracked, allowing the brand to tell them whether they could drive an electric car instead.

Earlier this month, BMW unveiled a new smartphone app that can analyze the driver’s driving behavior and journeys.

The MyBMW app features an ‘Electric Vehicle Analysis’ function, which is available to owners of the brand’s latest models.

Customers who drive a car with a combustion engine can use the new function to ‘simulate how well a fully electric BMW suits their personal driving profile’.

Once they have made 200 trips and covered a distance of 2,000 kilometres (1,250 miles), the ‘MyTrips’ analysis will calculate how many of these trips could have been made with the electric alternative without having to stop to charge the car.

The Electric Vehicle Analysis feature tracks 200 journeys that owners have taken and then calculates how many of those journeys could have been completed using the electric alternative without having to stop to charge the car.

The low operating costs of electric vehicles are due to the savings on charging compared to filling up the tank. This is one of the biggest advantages of zero-emission driving.

Research from the Electric Car Scheme shows that July is the turning point at which a petrol car driver spends more on fuel than the average electric car driver over a whole year.

Also known as ‘Electric Car Day’, this day ensures that owners of electric cars have ‘free’ running costs for the rest of the year, compared to owners of combustion engine models.

The research marks the second year the group has identified a tipping point at which electric vehicles pay for themselves.

For a Model Y owner, EV Day could fall as early as March 10 this year

While it depends on the EV model and when you charge it, the average cost per mile for driving an electric car is just £0.09. The annual cost of an EV is just under £700.

The annual fuel costs for the average UK driver travelling 7,400 miles per year were analysed and compared with the charging costs of an EV driver over the same distance.

A typical petrol driver will spend £1,268 on fuel this year, compared to £680 for an electric driver.

So a typical EV driver gets five months of “free driving.”

While the average EV owner sees EV Day fall on July 16, Tesla Model Y owners can celebrate the day even earlier.

If you have a Tesla Model Y Long Range and charge outside of peak hours, March 10 could be your free EV day, saving you significant amounts of money compared to gasoline drivers.

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