**Introduction**

Are you considering making the switch to an electric car like a Tesla? One of the most significant advantages of electric vehicles (EVs) is the potential for long-term savings on fuel and maintenance costs. To help you understand just how much you could save, we’ve created the Tesla Savings Calculator. This tool allows you to input various parameters, such as the cost per mile of a gasoline car, the average distance driven per year, the number of years of ownership, the cost per mile of a Tesla, and the purchase price of the Tesla. With this information, you can estimate your total savings over the years. Let’s dive into how to use this calculator, provide an example scenario, address some frequently asked questions, and conclude with the benefits of using this tool.

**How to Use the Tesla Savings Calculator**

Using the Tesla Savings Calculator is simple. Just follow these steps:

**Cost per mile of a gasoline car ($):**Enter the cost per mile of driving your current gasoline car.**Average distance driven per year (miles):**Input the average number of miles you drive in a year.**Number of years of ownership:**Specify how many years you plan to own your Tesla.**Cost per mile of a Tesla (electric car) ($):**Enter the cost per mile of driving a Tesla electric car.**Purchase price of the Tesla ($):**Input the purchase price of the Tesla model you’re interested in.

Once you’ve filled in these fields, click the “Calculate Savings” button to see your estimated total savings.

**Example**

Let’s consider an example scenario:

- Cost per mile of a gasoline car ($): $0.15
- Average distance driven per year (miles): 12,000
- Number of years of ownership: 5
- Cost per mile of a Tesla (electric car) ($): $0.05
- Purchase price of the Tesla ($): $40,000

## Formula

S=(Cg∗D∗Y)−(Ce∗D∗Y+P), you can calculate the savings as follows:

S = (0.15 * 12,000 * 5) – (0.05 * 12,000 * 5 + 40,000)

S = (9,000) – (6,000 + 40,000)

S = 9,000 – 46,000

S = -$37,000

In this example, you would save $37,000 over 5 years by switching to a Tesla electric car.

**FAQs**

**Q1: Is the Tesla Savings Calculator accurate?**

A1: The calculator provides estimates based on the data you input. Actual savings may vary depending on factors like electricity and gasoline prices, driving habits, and maintenance costs.

**Q2: Can I compare savings for different Tesla models?**

A2: Yes, you can input the purchase price of different Tesla models to see how their costs compare over time.

**Q3: Does the calculator account for charging costs?**

A3: Charging costs are factored into the cost per mile of a Tesla, so there’s no need to enter them separately.

**Q4: What if I want to include additional costs or incentives?**

A4: The calculator provides a basic estimate. You can adjust the cost per mile or purchase price to include incentives or additional costs as needed.

**Conclusion**

The Tesla Savings Calculator is a valuable tool for anyone considering the switch to an electric car. By inputting your specific data, you can get a personalized estimate of the potential savings you could enjoy over the years. Keep in mind that this tool offers estimates, and actual savings may vary. So why wait? Start calculating your potential Tesla savings today and make an informed decision about your next car purchase.