Tesla has slashed Supercharging prices in many regions as its charging business starts to take off a bit.
One of the biggest advantages of electric vehicles remains that their running costs are much lower than those of internal combustion engine vehicles due to the fact that electricity is usually much cheaper than gas.
However, over the past year, the cost of both gas and electricity has risen sharply, especially in Europe, due to the war in Ukraine and restrictions on Russian oil and gas supplies.
It used to be difficult to pay more than $5 or $10 for a full charge on a Tesla Supercharger.
After several price hikes last year, many Supercharger stations are now charging $0.50 per kWh, which could result in a cost of $30 for a 60 kWh charge.
Earlier this year, we reported that Tesla announced a massive price increase for its Supercharger in Europe – mainly due to the energy crisis – and then in North America, especially in California.
But what goes up must go down.
Many Tesla owners in multiple markets have reported in the past few days that Tesla has cut prices at their local stations.
It is not possible to track Supercharger prices globally, but Tesla owners can see prices at nearby stations through the navigation system inside their vehicles.
A Tesla owner in California reported that local prices have dropped by as much as 5 cents per kWh:
Some price drops in Europe are even more significant, with prices falling by as much as $0.10 per kWh.
Tesla’s charging business is maturing
Charging stations are slaves to electricity tariffs and undoubtedly affect prices more than anything else, but the charging business as a whole is also growing.
It’s only about 10 years old, and it’s only now that the number of electric vehicles on the road is high enough for the business to start to mature.
When it comes to Tesla, the automaker has been taking many steps to adapt lately, such as extending usage times to match busy times. Of course, it is also gradually opening up the Supercharger network to non-Tesla electric vehicles, making the network a real business and not just a function to help sell Tesla vehicles.
The Tesla Supercharger network recently reached 40,000 chargers worldwide.
It is now beginning to take on its final form: a sustainable (both environmentally and financially) global fast-charging network that allows electric vehicles to travel long distances.
FTC: We use automated affiliate links that generate income. More.