How much would you pay to charge your Tesla? 3 times what a Civic costs to operate?
Photo above - Still waiting on the future to arrive. This is "Robbie the Robot" driving an electric jeep in the 1956 film "Forbidden Planet". Home electricity prices are 500% higher now than in 1956.
I finally found something MORE expensive than public chargers. Some condo association is charging 3X what residential electricity costs. And it’s only level 2, not a DC fast charger.
Most homeowners pay 16-17 cents per KwH. Unless you live in California, where it's about double: 31 cents or higher in most places. Public chargers in most of the USA go for 28-35 cents. The condo in the link below may have just set an American record. It's chargers cost 28 cents per KwH a couple years ago. Then they doubled it to 58 cents. For level 2, the slowest, lamest charger you can use. See link below.
Where is this rip-off happening? Massachusetts. How can the condo get away with this? Well, Taxachussetts is one of the places where, BY LAW, all new homes and condos must come with EV chargers.
Any cost advantages to owning an EV are going up in smoke. Government regulations now require the purchase and installation of chargers, but don’t provide any protection against price gouging. Your only escape from this con game is to install solar panels on your roof, or a personal wind turbine (if local codes allow).
A wind turbine might work better in Massachusetts, which is halfway to the arctic circle (latitude 42 degrees). It gets a mind boggling 4 feet of snow each winter. Between that and lots of cloudy/rainy days the rest of the year, you can’t really count on getting enough solar rays to commute to work. So pay your 58 cents per KwH and quit your bitchin’ . . .
How awful is this? Well, a Tesla 3 uses 34 KwH to travel 100 miles. And this condo electricity costs 58 cents per KwH so your bill is . . . $20 for 100 miles. If this sounds reasonable to you, remember that you could have purchased a Honda Civic Hybrid, which goes 100 miles on 2 gallons of gas. Gasoline costs less than $3.50 a gallon most places. Oh . . . and the Civic Hybrid stickers for $10,000 less.
Welcome to the future, which evidently WON'T be electrified. If you're a stock market investor, maybe buy Exxon, and not Tesla?
I’m just sayin’ . . .
Full disclosure – last month this writer bought a 2025 Honda Civic Hybrid Sport Touring (top trim) at full sticker price of $33,300. So now I am obsessed with mileage comparisons. Bonus factor – my Civic apparently won’t burst into flames and burn at 1,000 degrees if it bumps into something.
EV owner stunned by HOA's new policy on neighborhood charging stations: 'It's not a for-profit enterprise'