Latest news with #PandoElectric
Yahoo
26-06-2025
- Automotive
- Yahoo
Here's What It Costs To Charge a Tesla Monthly vs. Using Gas for a Honda Civic
Filling up your car is going to cost you money one way or another. For an electric vehicle, like a Tesla, you need to find a charging station to give your battery the juice it needs to operate. For other cars, like a Honda Civic, the price of gas can be fairly high if you are planning on getting a full tank at the pump. For You: Trending Now: So let's do the math: read below to find out what it actually costs to charge a Tesla each month compared to the price of gas for a Honda Civic in the same month. Joseph Nagle, head of Corporate Strategy at Pando Electric, broke down this question in a few ways, looking at monthly fuel costs, which will vary based on state, analyzing national costs versus two of the larger electric vehicles (EVs) states that also have a fairly wide variance between electricity pricing and gas. Nagle outlined an example based on 1,000 miles driven each month, with Tesla Model 3 efficiency clocking in at approximately 4 miles per kWh and Honda Civic coming to 33 MPG combined. When it comes to national averages, Nagle listed the cost of electricity at 15 cents per kWh while gas came to about $3.75 per gallon. Check Out: Looking at annual costs, Tesla Model 3's calculation is $37.50 per month (250 kWh x 15 cents), equaling $450 yearly and the Honda Civic calculation looks like $113.63 per month (30.3 gal x $3.75), equaling $1,363.56 yearly. This means that across the country, the savings go to Tesla at $76.13 a month, which equals $913.56 per year. To further illustrate the cost comparison between a Tesla and Honda Civic, Nagle analyzed two states: California, which has a high-cost market for transportation expenses and Florida's lower-cost region for fuel. In California, electricity costs on average 33 cents per kWh and gasoline is $4.78 per gallon. Examining annual vehicle costs in the state, the Tesla Model 3's bill comes out to $82.50 per month (250 kWh x 33 cents), equaling $990 a year, while the Honda Civic is $144.08 per month (30.3 gal x $4.78), equaling $1,728.96 a year. This means the Tesla has a savings of $61.58 a month or $738.96 per year. Florida, on the other hand, has average costs of 16 cents per kWh for electrics and $3.08 per gallon for gasoline. Factoring the yearly vehicle costs in Florida would have a Tesla Model 3 amounting to $480 a year based on $40 per month (250 kWh x 16 cents) and a Honda Civic at $1,119.84 a year coming from $93.32 per month (30.3 gal x $3.08). Again, the Tesla wins with $53.32 per month, adding up to $639.84 a year. In every scenario-national average, California's high-cost market and Florida's lower-cost region — Nagle had some insights to share. 'The Tesla Model 3 substantially outperforms the Honda Civic in terms of fueling costs. Even with California's significantly higher electricity prices, Tesla remains the cheaper choice monthly and annually,' Nagle said. 'This highlights a key advantage of EV ownership: regardless of location, driving electric consistently costs significantly less than fueling a gasoline-powered vehicle,' he added. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 Warren Buffett: 10 Things Poor People Waste Money On I'm a Retired Boomer: 6 Bills I Canceled This Year That Were a Waste of Money This article originally appeared on Here's What It Costs To Charge a Tesla Monthly vs. Using Gas for a Honda Civic
Yahoo
26-06-2025
- Automotive
- Yahoo
Here's What It Costs To Charge a Tesla Monthly vs. Using Gas for a Honda Civic
Filling up your car is going to cost you money one way or another. For an electric vehicle, like a Tesla, you need to find a charging station to give your battery the juice it needs to operate. For other cars, like a Honda Civic, the price of gas can be fairly high if you are planning on getting a full tank at the pump. For You: Trending Now: So let's do the math: read below to find out what it actually costs to charge a Tesla each month compared to the price of gas for a Honda Civic in the same month. Joseph Nagle, head of Corporate Strategy at Pando Electric, broke down this question in a few ways, looking at monthly fuel costs, which will vary based on state, analyzing national costs versus two of the larger electric vehicles (EVs) states that also have a fairly wide variance between electricity pricing and gas. Nagle outlined an example based on 1,000 miles driven each month, with Tesla Model 3 efficiency clocking in at approximately 4 miles per kWh and Honda Civic coming to 33 MPG combined. When it comes to national averages, Nagle listed the cost of electricity at 15 cents per kWh while gas came to about $3.75 per gallon. Check Out: Looking at annual costs, Tesla Model 3's calculation is $37.50 per month (250 kWh x 15 cents), equaling $450 yearly and the Honda Civic calculation looks like $113.63 per month (30.3 gal x $3.75), equaling $1,363.56 yearly. This means that across the country, the savings go to Tesla at $76.13 a month, which equals $913.56 per year. To further illustrate the cost comparison between a Tesla and Honda Civic, Nagle analyzed two states: California, which has a high-cost market for transportation expenses and Florida's lower-cost region for fuel. In California, electricity costs on average 33 cents per kWh and gasoline is $4.78 per gallon. Examining annual vehicle costs in the state, the Tesla Model 3's bill comes out to $82.50 per month (250 kWh x 33 cents), equaling $990 a year, while the Honda Civic is $144.08 per month (30.3 gal x $4.78), equaling $1,728.96 a year. This means the Tesla has a savings of $61.58 a month or $738.96 per year. Florida, on the other hand, has average costs of 16 cents per kWh for electrics and $3.08 per gallon for gasoline. Factoring the yearly vehicle costs in Florida would have a Tesla Model 3 amounting to $480 a year based on $40 per month (250 kWh x 16 cents) and a Honda Civic at $1,119.84 a year coming from $93.32 per month (30.3 gal x $3.08). Again, the Tesla wins with $53.32 per month, adding up to $639.84 a year. In every scenario-national average, California's high-cost market and Florida's lower-cost region — Nagle had some insights to share. 'The Tesla Model 3 substantially outperforms the Honda Civic in terms of fueling costs. Even with California's significantly higher electricity prices, Tesla remains the cheaper choice monthly and annually,' Nagle said. 'This highlights a key advantage of EV ownership: regardless of location, driving electric consistently costs significantly less than fueling a gasoline-powered vehicle,' he added. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 Warren Buffett: 10 Things Poor People Waste Money On 10 Unreliable SUVs To Stay Away From Buying This article originally appeared on Here's What It Costs To Charge a Tesla Monthly vs. Using Gas for a Honda Civic
Yahoo
04-03-2025
- Business
- Yahoo
Pando Electric and GOGETit Announce Strategic Partnership to Streamline Utility Management for Multifamily Properties
Revolutionizing Multifamily Portfolios with a Unified Solution for EV Charging, Solar, Wi-Fi, and Financial Reporting SAN FRANCISCO, March 4, 2025 /PRNewswire/ -- Pando Electric, the leader in affordable, high-power EV charging solutions for multifamily housing, has announced a new partnership with GOGETit, a premier utility asset management software provider. This collaboration offers properties a unified and comprehensive turnkey solution to streamline financial reporting, solar panel optimization, EV charging, and Wi-Fi networks across multifamily portfolios. The combined solution simplifies operations, reduces overhead, and empowers properties to maximize Net Operating Income (NOI) while enhancing the resident experience. Pando Electric's smart EV charging outlets, known for cutting installation costs by up to 70% and eliminating ongoing maintenance expenses, will now seamlessly integrate with GOGETit's advanced utility asset management platform. "At Pando Electric, we're committed to delivering more than just affordable EV charging—we want to simplify the entire property management experience," said Aaron Li, CEO of Pando Electric. "By partnering with GOGETit, we're enabling multifamily owners to automate all their critical utility systems from a single platform, saving time, reducing costs, and providing an unmatched resident experience." GOGETit's software automates utility reporting and system monitoring for solar, battery, Wi-Fi networks, and now EV charging, driving efficiency and ensuring peak performance. With this partnership, property managers can now oversee all their energy and connectivity systems while streamlining financial reporting—all within a unified platform. "This partnership with Pando Electric is a natural fit," said Barend Venter, CEO of GOGETit. "Our mission is to simplify utility management for multifamily owners and operators. By integrating Pando's cutting-edge EV charging technology, we're delivering a truly end-to-end solution that boosts NOI and supports sustainable living." About Pando ElectricPando Electric offers affordable, high-power EV charging smart outlets for multifamily housing, cutting installation costs by up to 70% and eliminating ongoing maintenance fees. Pando's scalable charging solutions ensure property owners can meet growing EV demand while maximizing returns. Learn more at About GOGETitGOGETit provides advanced utility asset management software that simplifies operations and enhances asset performance. By automating reporting and system monitoring, GOGETit empowers property owners and operators to manage solar, battery, EV, and Wi-Fi systems with ease, increasing NOI, driving efficiency, and prioritizing resident satisfaction. For more information, visit Media Contacts:Pando ElectricJoseph NagleHead of Corporate 303-881-0494 GOGETitRobyn HorwitzDirector of View original content to download multimedia: SOURCE Pando Electric Sign in to access your portfolio
Associated Press
11-02-2025
- Automotive
- Associated Press
Pando Electric Becomes First Socket-Based Charger to Join Open Charge Alliance, Supporting OCPP Protocol
Pando Electric is the first socket-based EV charger to fully support the Open Charge Point Protocol ushering in a new age of interoperability and openness. SAN JOSE, CA, UNITED STATES, February 11, 2025 / / -- Pando Electric, a leader in innovative EV charging solutions, is proud to announce it is the first socket-based EV charging company to join as a member of the Open Charge Alliance (OCA) fully supporting the Open Charge Point Protocol (OCPP). This achievement highlights Pando Electric's commitment to advocating the healthy growth of the industry and advancing open standards within the industry. The Open Charge Alliance is a global consortium dedicated to promoting open standards for EV charging infrastructure. OCPP is the most widely adopted open communication standard between charging stations and central systems, ensuring interoperability and compatibility across various charging solutions. Pando Electric's membership in the OCA marks a significant step forward for the industry, showcasing the capabilities of socket-based charging solutions. Pando Electric's Industry-Leading Technology Pando Electric brings a suite of innovative features that make it a strong fit for OCA membership. The Pando Smart Outlet is designed for universal EV use in multifamily properties, focusing on affordability, efficiency, and long-term reliability. 'Joining the OCA is a testament to Pando Electric's commitment to advancing EV charging technology and embracing industry-leading open standards,' said Aaron Li, CEO of Pando Electric. 'Being the first socket-based charger to support the OCPP protocol proves our dedication to developing innovative, interoperable solutions that meet the needs of modern property owners and EV drivers alike.' A Future-Ready Solution Pando Electric's proprietary technology allows cost-effective installations while maintaining high performance and reliability. By integrating the OCPP protocol, Pando offers more control, compatibility, and ease of integration with existing and future charging infrastructures. Membership in the OCA opens opportunities for further collaborations and partnerships with global leaders in EV infrastructure, reinforcing Pando Electric's position as a pioneer in socket-based charging. The company will bring innovative, standards-based solutions to the market that empower property owners, reduce installation costs, and create a seamless charging experience for EV drivers. About Pando Electric Pando Electric specializes in EV charging outlets and energy management systems, focusing on multifamily communities and commercial properties. Inspired by the interconnected nature of the Pando Aspen, Pando Electric's products utilize the ConnectUS platform to create robust, scalable charging solutions that simplify management and reduce operational costs. For more information about Pando Electric and its innovative solutions, visit About the Open Charge Alliance The Open Charge Alliance (OCA) is a global consortium of public and private EV industry leaders that promotes open, interoperable standards for EV charging. Its mission is to foster an open, flexible charging infrastructure that can adapt to technological advancements and the growing needs of EV users. Media Contact: Joseph Nagle Head of Corporate Strategy Pando Electric 303-881-0494 Joseph Nagle Pando Electric +1 303-881-0494 Visit us on social media: LinkedIn Instagram YouTube TikTok Legal Disclaimer:
