Life Isn't Linear- A Podcast

Life Isn't Linear- Episode 11: Why your next car will be electric & a Tesla

August 05, 2023 Josh Muth

Life Isn't Linear- A Podcast

Aug 05, 2023

Josh Muth

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:

staying-safe-pump

how-long-does-an-oil-change-take

www.tesla.com

https://www.tesla.com/supercharger

average-mileage-per-year

https://www.fhwa.dot.gov/ohim/onh00/bar8.htm

https://www.thezebra.com/resources/driving/average-length-of-car-ownership

https://youtu.be/y7UhFqIOUgA

https://www.tesla.com/VehicleSafetyReport

https://www.gm.com/commitments/electrification

https://www.kbb.com/car-advice/average-miles-driven-per-year

https://youtu.be/VN8PV0fv340

https://youtu.be/tZ67R-ifsIk

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

Listen on

Spotify Amazon Music Podcast Index Podcast Addict Podchaser Pocket Casts +

Share Episode

Share on Facebook Share on Twitter Share on LinkedIn

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.