Life Isn't Linear- Episode 11: Why your next car will be electric & a Tesla
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Hey everyone, welcome to the Life Isn't Linear Podcast. Life isn't Linear and neither is the journey but the goal is to keep making progress.
In this episode I wanted to provide some of the facts I have learned as I have studied, invested, and ultimately bought a Tesla. I am so compelled by it I feel when you make your next purchase that it should be a Tesla.
Stats:
- Average American drives 13,500 miles per year (it varies per age group, see DOT link)
- Average American drives 37 miles per day.
- Average American has 37 fill ups per year.
- Each fill up takes 2-3 mins= 1.85 hr per year at the pump. Almost 15 hrs over life of ownership.
- Average range for an ICE car is 300-413 miles. Median is 356 miles
- Average tank is around 15 gallons * 37 fill ups= 555 gallons of gas. Multiple this by average price of gas at $4.00= $2,220 per year.
- Average car ownership is 8 yrs
- 2-4 oil changes per year. Each change take 20-45 mins. 32.5 is the median= 130 mins per year over two hrs while you wait. 1,040 mins/60= 17.3 hrs.
- $1,300 average maintenance cost.
- My Model Y to fully charge at home cost $9.01 (85 kWh battery * .105 per kilowatt).
- Mid size SUV will cost around $60 ($4.00 * 15 gallons)
- EV: $9.01 * 37 (average amount of fills ups)= $333.37 per year. 8 yrs = $2,666.96 Electricity is stable. Even cheaper if you have solar panels.
- ICE: $60 (cost to fill up) *37= $2,220 per year. 8 yrs= $17,760 (assuming gas stays at $4.00 it won’t, historically it will go up as the value of your money goes down.)
- In the aggregate no oil changes or maintenance. Will be less than all of that with a gas car. Think in the aggregate of average car fill up time which is 2 to 3 mins. Oil changes (20 to 45 mins) $60 -$100 per, every 5,000 miles could be as few as 2 or 4. Then general in the repair shop issues. Majority of the time charging happens while you are doing something else or sleeping.
Sources:
how-long-does-an-oil-change-take
https://www.tesla.com/supercharger
https://www.fhwa.dot.gov/ohim/onh00/bar8.htm
https://www.thezebra.com/resources/driving/average-length-of-car-ownership
https://www.tesla.com/VehicleSafetyReport
https://www.gm.com/commitments/electrification
https://www.kbb.com/car-advice/average-miles-driven-per-year
https://ark-invest.com/articles/analyst-research/autonomous-taxis-gdp-impact/
My Tesla referral code:
https://www.tesla.com/referral/joshua19082
Always feel free to email me at lifeisntlinearpodcast@gmail.com
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