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Here's how much Tesla will require EV owners to pay to charge up

Lucas Mearian | Jan. 16, 2017
A trip from Los Angeles to New York will cost you about $120 in charging fees

The Tesla Model 3 will have a base price of $35,000, which the company hopes will appeal to a broad range of consumers.

When fully charged, the 85 kWh Model S sedan has a range of just over 300 miles, depending on road conditions and the speed at which it's driven, according to Tesla.

"Where possible, owners are billed per kWh (kilowatt-hour), which is the most fair and simple method. In other areas, we bill for the service per minute," the company explained on its website.

The fees for charging could provide Tesla with as much as $175 million in revenue just in this first year, according to Trip Chowdhry, managing director of equity research for Global Equities Research. Chowdhry, who was interviewed by CNN, said Tesla could see as much as $2.6 billion in annual revenues from charging by 2020 when as many as 1.5 million Tesla cars are expected to be on the road.

Tesla also offers a charging cost estimator for owners who will primarily charge their vehicles at home.

For example, it would take about 10 hours and cost roughly $20.07 to fully charge a Model S at home.

In November, Tesla warned its vehicle owners that it would end free charging for customers purchasing new vehicles.

 

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