Filling your car with gas can add up, but charging an electric vehicle isn’t free either. If you’re debating the cost of gas for a Toyota Yaris versus charging fees for a Tesla, the answer might not be as clear as you think.
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GOBankingRates did the math to give you an idea of which option is cheaper. Here’s a look at average monthly costs to charge a Tesla versus buying gas for a Toyota Yaris, assuming you drive an average of 15,000 miles per year — i.e., 40 miles per day or 1,200 per month.
Monthly Charging Costs for a Tesla
Of course, you won’t buy any gas as a Tesla driver. This probably sounds appealing, but you do still have to pay to charge an electric vehicle. Charging costs for a Tesla vary greatly according to a variety of factors, such as the average number of miles driven per month, the specific Tesla model driven and electricity costs in your local area.
For example, assuming you’re driving 40 miles per day, it costs around $54.48 per month to charge both a Model S and a Model Y, according to the Tesla charging calculator. A Model 3 costs approximately $49.92 per month to charge, while a Model X costs roughly $64.83 per month to charge.
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Monthly Gas Costs for a Toyota Yaris
The amount you’ll pay in monthly gas costs for a Toyota Yaris varies according to a number of factors, such as the specific model, number of miles driven, driving habits — i.e., city versus highway and local gas costs.
Discontinued in 2020, according to Toyota, the Toyota Yaris is a compact car that gets an estimated 36 miles per gallon with combined city and highway driving, according to Edmunds data. Specifically, it gets 32 miles per gallon in the city and 40 miles per gallon on the highway.
Assuming you drive around 40 miles per day, split 50% between city and highway, you’ll spend approximately $113 per month on gas — based on fuel costs in Pennsylvania — according to Edmunds.
Tesla vs. Toyota Yaris: Which Is Cheaper to Drive Per Month?
Hands down, the monthly cost to charge a Tesla is cheaper than fueling up a Toyota Yaris. While specific costs will vary by driver, you’ll pay an average of $49.92-$64.83 per month to charge a Tesla compared with $113 per month on gas for a Yaris.
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This article originally appeared on GOBankingRates.com: Here’s What It Costs To Charge a Tesla Monthly vs. Using Gas for a Toyota Yaris
