Today is an exciting day as we just added a ‘new to us’ electric vehicle to our family. With teenage kids who have their own busy schedules, it became more and more desirable to add a 3rd vehicle to simplify transportation. I think adding the vehicle might actually decrease the total miles we drive as a family, an adding an electric vehicle will reduce our overall emissions and fuel spend.
There was much deliberation and debate on what vehicle to get and when to execute. The Tesla Model 3 we pre-ordered was slotted to arrive late summer of 2018 which seemed too far away when thinking about the kids having summer jobs and such. We weighed leasing and buying traditional internal combustion engine (ICE) vehicles and every flavor of hybrid and electric. In fact, several months ago I would have guessed that it would be a used Nissan Leaf and that I would title this blog entry “turning over an old leaf”. After much deliberation and debate, we ended up purchasing a certified pre-owned (CPO) 2014 Tesla Model S. One of the core decisions in going with Tesla was the mitigation of range anxiety; being able to do 99% of charging at home while maintaining the freedom to take longer trips leveraging the supercharger network. We chose CPO because of the added comfort of a fresh warranty and similar. It is a decent time to be in the market for a used Tesla as there a lot of private sale options and the market has a lot of low mileage lease returns as well. Make no mistake, they hold their value well and it is a financial commitment, but it is one I am glad we were able to prioritize. It is important to me to vote with our dollars and live our values and this is another positive step in that direction. If you find yourself in the market for a vehicle in the future and want to talk it through, I am very willing to share my experiences and opinions.
I think it is still a stretch to justify purchasing most electric vehicles based on cost alone, but things are definitely trending quickly in that direction. I am looking forward to no oil changes or worrying about the various other parts of an ICE vehicle which typically wear down or require maintenance. Electricity prices are far less volatile than oil prices and our overnight electricity rate for the car is almost half the cost per kWh of our normal rate. I anticipate our electrical bill going up about $60 per month based on my preliminary estimate of miles we will drive the Tesla. At current fuel costs and the reduced electricity rate for overnight charging, for every 100 miles we drive the Tesla we will save over $6 in fuel costs compared to our other vehicles.
Our electric cooperative also participates in the Revolt program which allocates wind power renewable energy credits on our behalf. Energy comes from all kinds of sources here in MN (wind, natural gas, coal, etc.) so there is no way to say the electrons that go in to my car actually came from a wind farm, but this program dedicates wind energy on our behalf and more importantly (in my opinion), sends a clear message of what is important to me as a consumer, and steers my provider towards leveraging more renewables.
Thank you to all of the family and friends who helped make this a reality, especially my wife Andrea who as our family’s chief financial officer was able to make this happen. I think she would agree that the picture at the top should say ‘Zero Emissions, Some Compromises (kitchen remodel, new carpet, family vacations, etc.)’. Below is an actual picture featuring our 2014 Tesla model S flanked by our 2006 Toyota Prius which has over 200k miles on it.