One year ago, I wrote EV Chapter 1 and rejoiced in the excitement on our Certified Pre-Owned (CPO) Tesla Model S. Now one year later, I think it is a good time to dig in to some of the details. In one year, we have driven the Tesla 17,243 miles. This included mostly in town typical commuting, a few trips to the cabin, as well as a trip to Omaha last year for the Elite 8 NCAA basketball tournament and a trip to Chicago for a lacrosse tournament. We consumed 6,092 kWh of electricity which cost us $408.16, putting driving the Tesla at a cost of just under 2.37 cents per mile. To drive that same number of miles in our 2006 Prius would have cost us over $1100 in fuel and in our 2007 Highlander Hybrid it would have cost us over $2200 in fuel.
The other key differentiator for me that warrants moving to electric vehicles is the reduction in emissions. Despite some of our electricity providers (Dakota Electric) portfolio including Natural Gas and Coal, our Tesla still results in the emission of 1/3 of the CO2 that the Highlander does and about ½ of what the Prius does. The other factor to take in to account here is that the electrical grid is going to continue to get cleaner with more and more renewables coming online, based on the simple fact that they are now cheaper than traditional fossil fuels. On a related note, kudos to Xcel Energy for continuing to shift to clean energy and driving towards their goal of being 100% carbon free by 2050. For a large company that supplies the majority of the electricity to 8 states, that is an awesome commitment.
In terms of maintenance costs, thus far we have not paid anything for maintenance on our Tesla in part because being a CPO it came with a bumper to bumper warranty. We have had it in a few times for minor things but our only real investments have been in winter tires with an set of rims and all weather floor mats. As a gift I received a floor jack and a torque wrench and do tire rotations / changes myself.
One year ago I stated, ‘it is still a stretch to justify purchasing most electric vehicles based on cost alone, but things are definitely trending quickly in that direction’ and that remains true and is continuing to shift very positively. For a daily commuter car that you do not need to drive across the country with, it would be easy to make and win a financial argument for buying an EV over a car with an Internal Combustion Engine. Those examples would be a Nissan Leaf and many others that are already released and pending release. Buying a Tesla, it remains a little bit more challenging to justify based on price alone but it currently remains the only EV with a robust SuperCharger network that allows you to drive the car anywhere without compromising on charging time. When thinking about your next vehicle, another thing to consider is the used EV market which continues to grow with compelling options. If you are planning on making a vehicle purchase anytime in the future and want to learn more about the options, please reach out. Being an advocate and helping evangelize EV’s is a strong passion of mine and in the picture above, that is our car on the right at a local farmers market. It is 100% clear that EV’s are the future as they will win on their own economically.
Lastly, the other part worth mentioning is that I really like driving the car. It handles nicely and has a variety of features that make driving the car truly enjoyable. Some examples are the large touchscreen with an internet connection, streaming music and navigation, heated seats, and the ability to pre-warm or cool the car from the mobile app. The over the air updates that come to the car are impressive as well, I am not aware of other cars that gain features and functionality at no additional cost after the owner takes delivery.