Tesla App Shows Savings for EV Owners

Tesla has introduced an updated version of its official app, aimed at helping electric vehicle (EV) owners track their savings compared to petrol car drivers. This feature is accessible to all Tesla users, including those with business and lease vehicles, and emphasizes the lower operational costs associated with EVs. The app allows owners to monitor their charging expenses on a monthly or annual basis, detailing costs incurred at home and at Tesla's Supercharging stations. For instance, a Model Y Long Range owner driving 10,000 miles annually could spend approximately £200 on charging, assuming an electricity tariff of £0.07 per kWh from providers like Octopus Energy and OVO. Even when utilizing Tesla's ultra-rapid Superchargers, which number around 1,500 in the UK, the costs remain significantly lower than traditional petrol expenses. This initiative aligns with a broader trend among car manufacturers, as seen with BMW's recent app that simulates the benefits of switching to an electric model based on individual driving habits. The concept of "Electric Car Day" has emerged, suggesting that EV owners enjoy a year of reduced running costs compared to those with combustion-engine vehicles. A recent study revealed that the average UK petrol driver, covering 7,400 miles annually, will spend £1,268 on fuel, while an EV driver will only incur costs of £680. Notably, Tesla Model Y owners may experience even earlier savings, with some achieving their "free EV day" as early as March 10, depending on their charging habits.