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Elon Musk’s Tesla plans to offer Texans unlimited overnight home charging for $30 a month.
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Texas has a lot of wind at night, which serves as energy, Drew Baglino said at Tesla’s Investor Day.
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The $30 monthly subscription comes as part of Tesla Electric.
Tesla on Wednesday announced plans to roll out unlimited overnight home charging to customers in Texas for $30 per month.
Drew Baglino, Tesla’s senior vice president of engineering, said at the company meeting Investor Day that customers in Texas will be offered the retail electricity plan in July as part of “Tesla Electric,” which provides renewable energy to homes.
“This is part of lowering the total cost of ownership of our vehicles and the reason we’re able to do this is because Texas has a lot of wind. And in Texas, the wind blows at night,” Baglino said.
Last year, Texas generated the most wind energy compared to any other U.S. state, according to a February report by the nonprofit news organization Climate Central.
The $30 monthly subscription was a way to incentivize Tesla customers to charge their vehicles directly from a source of renewable energy at home overnight, Baglino said.
Charging an EV at home depends on the electricity rate and the range of the car.
According to Kelley Blue Book analyst and journalist John Voelcker, analyst and journalist John Voelcker said that as of October 2022, the US household average was about 16 cents per kWh. This meant it would cost about $56 a month to charge an electric car at home.
Customers can only sign up for Tesla Electric if they have the company’s Powerwall energy storage battery and live in an area of Texas that offers retail choice, according to the website.
Tesla’s charging plan was included in a three-hour presentation at Investor Day. Baglino presented data from the company’s Tesla Electric virtual power station in South Australia, which will serve 5,000 customers by 2022.
Those who used basic utilities paid about $142 a month, he said. While customers who used Tesla Solar and Powerwall and did not interact with the grid paid $69 per month.
Read the original article on Business Insider
