Over the past decade, there has been a radical shift in the automotive industry, with manufacturers jostling for a stake in the growing EV market.
Interestingly, the popularity of electric vehicles isn’t purely driven by the need to reduce emissions. Most people prefer them since they are highly efficient and economical when compared to ICE vehicles.
In this post, we will examine how much you can expect to save on gas with a Tesla, so you can decide whether swapping your current car with one of these EVs is worth it.
How Much Gas Money Can You Save With Each Tesla Model?
While Tesla cars can potentially save you hundreds of dollars on gas every month, the efficiency and range of each Tesla will vary depending on the model’s design and features.
The overall range is also dependent on external factors such as weather conditions and type of terrain.
Here is a breakdown of how much you can expect to save on gas based on an analysis done by Tesla.
Note: When comparing electricity and gas consumption, Tesla assumed the national average of the cost of electricity is $0.14 per kilowatt-hour and the cost of gas is $4.18 per gallon.
Tesla Model 3
The Model 3 Tesla is one of the most popular entry-level vehicles in the EV world, striking a delicate balance between performance, efficiency, and range with a touch of luxury.
It comes with options for rear-wheel-drive on a single motor and all-wheel-drive on the dual motor which improves redundancy and delivers overall better traction control.
The dual-motor version also provides impressive acceleration going from 0 to 60 mph in just 3.1 seconds. Moreover, it offers a decent range of 358 miles on a single charge.
Here is how much you can expect to save on gas with a Tesla Model 3:
| Daily Distance (Miles) | Gas Savings (Dollars) |
| 100 | 10.48 |
| 200 | 20.96 |
| 300 | 31.45 |
Note: To get the figures, Tesla compared the model 3 rear-wheel-drive against a gasoline-powered car in its class, with a fuel economy of 30 miles per gallon.
Tesla Model S
The Tesla Model S is an all-electric sedan that combines impeccable performance with an ultra-luxurious and teched-out cabin. It’s available in two trim levels, namely the Model S (standard trim) and the Model S Plaid.
The standard version of the Model S boasts having the longest range of the entire Tesla fleet, at 405 miles. It’s powered by a Dual-Motor system that delivers an output of 670 horsepower.
On the other hand, the Plaid version sacrifices a bit of range for more power, with its Tri-Motor engine producing a staggering 1,020 horsepower.
Here is how much you can expect to save on gas with a Tesla Model S.
| Daily Distance (Miles) | Gas Savings (Dollars) |
| 100 | 14.31 |
| 200 | 28.63 |
| 300 | 42.93 |
Note: The above figures are based on a comparison between the base trim model S and a gas-powered car with a fuel efficiency of 23 miles per gallon.
Tesla Model Y
The Model Y Tesla is a mid-sized SUV that offers a spacious cabin with 5-seater and 7-seater options.
It also has a decent trunk space which can be expanded further by lowering the independently folding back rows of seats.
It features a Dual-Motor all-wheel-drive system and a long-range battery that delivers a range of 303 miles.
The Model Y is also a pretty impressive sprinter accelerating from 0 to 60 mph in just 3.5 seconds with a top speed of 155 mph.
Here is how much you can expect to save on gas with a Tesla Model Y.
| Daily Distance (Miles) | Gas Savings (Dollars) |
| 100 | 12.86 |
| 200 | 25.72 |
| 300 | 38.56 |
Note: Tesla compared the Model Y Long Range all-wheel-drive against a gas-powered competitor with a fuel efficiency of 25 miles per gallon.
Tesla Model X
The Tesla Model X is a mid-sized luxury SUV that is designed for performance and functionality, with a roomy cabin and a great towing capacity.
This ultra-modern SUV is available in two trims; the standard trim is powered by a Dual-Motor all-wheel drive system with a maximum output of 670 horsepower and a range of 348 miles.
By contrast, the more powerful X Plaid uses a Tri-Motor all-wheel-drive system, which delivers an astonishing 1,020 horsepower and a range of 333 miles.
Here is how much you can expect to save on gas with a Tesla Model X.
| Daily Distance (Miles) | Gas Savings ( Dollars) |
| 100 | 14.45 |
| 200 | 28.89 |
| 300 | 43.34 |
Note: The figures were obtained after a comparison between the Dual-Motor version of the Model X and a gas-powered vehicle with a fuel efficiency of 22 miles per gallon.
A Final Word: Is Getting A Tesla Worth It?
With gas prices ever-increasing by the day, EVs seem like the best alternative for anyone looking to save money on their daily commutes.
While the upfront cost of purchasing a Tesla might seem pretty steep, you stand to save a lot of gas money over time if you use your car every day.
Granted, it might take a long time for the cash you save on gas to make any meaningful difference considering the high initial cost of investment.
However, the high standards and quality of Tesla vehicles guarantee that you will enjoy the utility of your car for many years.
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