Tesla has reduced the prices of its supercharger in many regions as its charging business starts to mature a bit.
One of the biggest advantages of electric vehicles remains that their operating cost is much lower than vehicles with internal combustion engines, thanks to electricity generally being much cheaper than gas.
However, the cost of both gas and electricity has skyrocketed over the past year, especially in Europe due to the war in Ukraine and restrictions on Russian oil and gas.
It used to be difficult to pay more than $5 or $10 for a full charge at a Tesla Supercharger.
After several price increases over the last year, many Supercharger stations now charge $0.50 per kWh, which can cost $30 to charge 60 kWh.
Earlier this year, we reported that Tesla announced a major hike in Supercharger prices in Europe, primarily due to the energy crisis, and later in North America, particularly California.
But what goes up must come down.
Many Tesla owners in different markets have reported in recent days that Tesla has reduced prices at their local stations.
There’s no way to track Supercharger prices globally, but Tesla owners can see prices at stations around them through the in-vehicle navigation system.
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 dropping as low as $0.10 per kWh.
Tesla’s charging business is maturing
Charging stations are slaves to electricity tariffs and undeniably drive prices more than anything else, but the charging business as a whole is also evolving.
It’s only about 10 years old, and only now is the volume of EVs on the road starting to be high enough for the business to mature.
When it comes to Tesla, the automaker has been making a lot of adaptive moves lately, like expanding time-of-use rates to accommodate times of high traffic. Of course, it’s also slowly opening up the Supercharger network to non-Tesla electric vehicles, which is turning the network into a real business rather than just a feature to help sell Tesla vehicles.
The Tesla Supercharger Network recently reached 40,000 chargers worldwide.
It is now starting to transform into its final form: a sustainable (both ecologically and financially) global fast-charging network that enables long-distance travel in electric vehicles.
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