ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / PERSONAL FINANCE

Tesla owner reveals the ridiculous electric bill she got after installing EV charging station at home

Users have argued that there's more to EV owning costs than what a motorist pays for electricity.
PUBLISHED NOV 10, 2024
Screenshots showing the EV owner talking about the charging costs as well as her usage (Cover image source: TikTok | @larubyacevedo)
Screenshots showing the EV owner talking about the charging costs as well as her usage (Cover image source: TikTok | @larubyacevedo)

Electric vehicles were originally pitched as a way to reduce the environmental impact caused by automobiles, but with time the lower cost of owning an EV became a selling point. While car buyers are still confused about the costs involved in driving electric cars, one TikTok user, Ruby, also known as @larubyacevedo, recently sparked a debate after sharing her monthly energy expenses for her EVs. She mentioned how long she charged her two electric cars for, how much distance she covered, and how much she paid every day. In response to this, users were quick to argue about the true cost of driving EVs. 

Charging an electric car at home - (Image source: stock photo/Getty Images)
Charging an electric car at home - (Image source: stock photo/Getty Images)

An EV Household's Charging Expense

In her viral video, Ruby shared her family's energy costs for the month, which includes charging two cars at night. She said that both she and her husband drive their cars for about 80 to 100 miles a day, and they plug them in every night during off-peak hours, that is between 9:00 pm and 8:00 am.

Screenshot showing Ruby talking about the cost of charging her EVs (Image source: TikTok/@larubyacevedo)
Screenshot showing Ruby talking about the cost of charging her EVs (Image source: TikTok/@larubyacevedo)

She further mentioned that they have solar panels installed at their home as well which subsidizes the costs. However, she has two chargers at home, which require a lot of electricity. Using the details shared by Ruby, the DailyDot calculated how much it costs to charge two cars per day. Assuming that each car covers a distance of 80 miles every day in a month and all of the electricity worth $130 is used to charge the cars, it would approximately cost the couple $4.33 per day to charge each car.

Screenshot showing Ruby talk about the details (Image source: TikTok/@larubyacevedo)
Screenshot showing Ruby talking about the details of her expenditure (Image source: TikTok/@larubyacevedo)

However, several viewers in the comments pointed out that they may not be using all the electricity to charge their cars and even if they do, they are still saving a lot. "I pay $120 every 2 weeks for a 31 gallon (120 Litre) tank of gas with a truck, our SUV was $80 per 2 weeks and that's nowhere near driving that far," @hetkomtallemaalin1maag admitted.

Screenshot of a comment talking about the cost of charging EVs (Image source: TikTok/@johnappleseed3030)
Screenshot of a comment talking about the cost of charging EVs (Image source: TikTok/@johnappleseed3030)

Some also pointed out that there are more costs associated with EVs apart from electricity. "Wait until you have to replace the batteries on those two EV cars. That's where all your savings will go to replacing those batteries," @joe2024_93 suggested.

Are EVs Really That Cheap?

Fuel costs remain the primary reason for people to go for EVs and hence CNET went ahead and crunched the numbers to find out if EVs were cheaper in the long run. According to the tech publication, it was found that the monthly cost of charging an EV in the US is about $66.66. On the other hand, the cost of fueling a gas-powered car to run the same distance would be $182.50, based on the average fuel and electricity prices. Hence, per year, EVs would cost $799.92 and gas cars would cost $2,190 on average. 



 

Another point to note here is that the cost was solely based on the price of electricity. However, as seen in another case of a Tesla user, there are plenty of additional costs associated with charging EVs.

When a user known by the handle @Tesla_GTownTX on X (formerly Twitter), shared a screenshot of their $2.37 bill for charging a Tesla for a year, users were quick to point out a big catch.



 

Sharp users who took a closer look, pointed out that the EV owner used a Tesla Powerall to charge their car, which costs $15,300 to install before taxes.

For more such videos about electric vehicles, follow @larubyacevedo on TikTok.

MORE ON MARKET REALIST
The content creator was told to produce a death certificate as evidence to get membership transferred.
3 hours ago
Some vintage items may be good for reselling but others could end up being more expensive.
Dec 2, 2024
The woman also urged people to refrain from abusing the policy and only return products when they are damaged.
Nov 28, 2024
Viewers were hooked to her probe and were eagerly waiting for an update about the cash.
Nov 27, 2024
There are many other codes that can indicate a number of situations and are used so that customers don't panic.
Nov 26, 2024
Scammers are coming up with new ways to make their communication via social media or email.
Nov 25, 2024
The bill with a printing error could multiply in value if it grabs collectors' attention.
Nov 23, 2024
While there could be millions of such pairs out there, only nine sets have been found so far.
Nov 21, 2024
The creator theorizes that the local wealth of the households influences how the stores look.
Nov 17, 2024
The tiny home was so easy to set up that the three friends didn't even have to read the instructions.
Nov 17, 2024
Apart from the rent, there are other factors to consider before deciding how livable a city is.
Nov 17, 2024
The winner had to pay federal, state and city taxes before taking home whatever was left of her winnings.
Nov 16, 2024
The agent was lauded for noticing and following the instructions left by the user in a creative way.
Nov 12, 2024
The TikToker pulled up a bill from two years ago using the reorder option on the app.
Nov 12, 2024
Apart from Club memberships, Plus memberships with added perks are also available at discounted prices.
Nov 11, 2024
When she initially reached out to Costco, they did not help her recover the amount.
Nov 10, 2024
Users have argued that there's more to EV owning costs than what a motorist pays for electricity.
Nov 10, 2024
Ageism also involves older colleagues being prejudiced against young professionals at the workplace.
Nov 9, 2024
The fluctuating value of cryptocurrencies is also becoming an issue for splitting the assets.
Nov 9, 2024
Several users pointed out the high costs of installing the infrastructure needed to charge Teslas.
Nov 7, 2024