Home Money Tesla owners will receive live updates on how much money they are saving by switching from a gas-powered car to an electric vehicle

Tesla owners will receive live updates on how much money they are saving by switching from a gas-powered car to an electric vehicle

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Tesla has introduced a new app update that shows you how much money you could save by switching from a gas-powered vehicle to a Tesla
  • New Tesla app feature lets you see personal charging savings

Tesla has unveiled an update to its official app for owners that shows them how much money they are saving by driving one of its electric vehicles instead of a gas-powered car.

The new feature aims to help owners keep track of their personal savings.

It’s available to all Tesla drivers, including commercial and leasing customers, and is designed to shed light on the lower costs of operating an electric vehicle compared to a combustion-engine model.

Tesla has introduced a new app update that shows you how much money you could save by switching from a gas-powered vehicle to a Tesla

It is available to all owners, including commercial and leasing customers, and should help shed light on the cheaper costs of running an electric vehicle compared to a petrol-powered car.

It is available to all owners, including commercial and leasing customers, and should help shed light on the cheaper costs of running an electric vehicle compared to a petrol-powered car.

Calculations based on a Model Y with long-range all-wheel drive show the average owner driving 10,000 miles a year could pay just £200 for their fuel with an EV tariff at £0.07 per kWh for their electricity from companies such as Octopus Energy and OVO.

Calculations based on a Model Y with long-range all-wheel drive show the average owner driving 10,000 miles a year could pay just £200 for their fuel with an EV tariff at £0.07 per kWh for their electricity from companies such as Octopus Energy and OVO.

Owners can track their exact charging costs on a monthly or annual basis through the app, including breakdowns of how much they spent charging at home and with Supercharging.

The American electric vehicle manufacturer claims that the Model Y Owners should, on average, save around £1,600 per year compared to a comparable petrol car.

Calculations based on a long-range all-wheel drive Model Y show the average owner driving 10,000 miles a year could pay just £200 to charge with an EV tariff at £0.07 per kWh for their electricity from companies such as Octopus Energy and OVO.

Even if users charge at Tesla’s ultra-fast Superchargers (of which there are 1,500 across the UK), electricity costs are significantly lower than petrol.

Tesla Superchargers are priced between £0.24 and £0.47/kWh, which means a significantly lower fuel cost compared to petrol or diesel.

Elon Musk’s car brand isn’t the only manufacturer using software to encourage drivers to buy electric vehicles, demonstrating the benefits of switching to electric…

Owners of petrol and diesel BMWs who use the carmaker's official smartphone app will see their journeys tracked so the brand can tell them whether they could live with an electric vehicle.

Owners of petrol and diesel BMWs who use the carmaker’s official smartphone app will see their journeys tracked so the brand can tell them whether they could live with an electric vehicle.

Earlier this month, BMW unveiled its new smartphone app that can analyze driver behavior and trips.

The MyBMW app has an ‘EV Analysis’ feature available to owners of the brand’s latest models.

Customers who drive a combustion engine car can use the new feature to “simulate how well a fully electric BMW would suit 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 crunch the numbers on how many of these excursions could have been completed using the EV alternative without needing to stop to charge.

The EV analytics feature will monitor 200 trips taken by owners and then crunch the numbers on how many of these trips could have been completed using the EV alternative without needing to stop to charge.

The EV analytics feature will monitor 200 trips taken by owners and then crunch the numbers on how many of these trips could have been completed using the EV alternative without needing to stop to charge.

The low running costs of electric vehicles thanks to the savings achieved when charging them compared to filling up the tank with fuel are one of the biggest advantages of driving with zero emissions.

July marked the cut-off date by which a petrol driver will have spent more on fuel than the average EV driver does all year round, according to research from the Electric Car Scheme.

On so-called “Electric Car Day”, it has been suggested that electric vehicle owners now have “free” running costs for the rest of the year compared to those driving combustion engine models.

The study marks the second year the group has identified a crossover point where electric vehicles begin to deliver results.

A Model Y owner could have seen their EV Day fall as early as March 10th of this year

A Model Y owner could have seen their EV Day fall as early as March 10th of this year

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

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

Annual fuel costs for the average UK driver travelling 7,400 miles a year were analysed and compared to the charging costs of an electric vehicle driver over the same distance.

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

A typical EV driver therefore gets five months of “free driving.”

While the average EV owner will have seen Electric Vehicle Day on July 16, Tesla Model Y owners can celebrate even earlier.

If you own a Tesla Model Y Long Range and charge it during off-peak hours, March 10 could have been your free EV day, allowing you to save a lot compared to gasoline drivers.

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