Tesla Slashes Supercharging Prices Despite Rising Energy Costs

Electric Vehicles / 3 Comments

Both European and US customers will benefit.

Tesla has done what US and European customers have been hoping for: reduce Supercharging prices. The news comes from customer reports in both regions despite increasing energy costs due to outside factors such as the war in Ukraine and restrictions on Russian gas and oil.

A solid majority of Tesla Model 3, Model S, Model X, and Model Y owners bought their vehicles to save money, one of many benefits of EV ownership. Charging an EV is typically less expensive compared to a combustion-engined car, as Tesla customers are accustomed to paying between $5 and $10 for a full charge at a Supercharger.

But with those price increases over the past several months, many Supercharging stations are charging $0.50 per kWh. Do the math, and that could come to $30 to charge 60 kWh. In Europe, Supercharger rates went up by as much as 30%.

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To help ease the pain, Tesla encouraged owners to charge their vehicles outside of peak hours to cut some costs, but it's unclear if that effort was successful since the company doesn't release that kind of internal data. However, customers continue to share this information on social media.

One California owner said prices were down in the golden state by as much as 5 cents per kWh. In some parts of Europe, prices were down by almost double that amount. Tesla charging station prices are, more or less, set by local utility rates, but the good news is that the charging business is evolving as more people switch to EVs.

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This, in turn, has forced Tesla to increase the time of use rates to match higher traffic volumes. At the same time, it continues - albeit slowly - to open the vast Supercharging network to EV owners who don't drive Teslas.

In other words, the network itself is becoming its own business. The number of Tesla charging stations, now at 40,000 globally, will continue to increase.

Tesla owners may not like seeing the increased EV traffic at Superchargers, especially from non-Tesla drivers. Still, the reality is that the more EV drivers there are, the more outrage can be expressed over high charging rates, thus forcing Tesla to do something about the situation.

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