Tenet calculates your financial savings using a proprietary model. Essentially, we look at several variables:

Maintenance Cost: We calculate this based on how much you’re driving and how much you’ve previously driven. This may vary over time considering wear, tear, and age of vehicle parts.

Gas Cost: We calculate this based on date (accounting for fluctuating fuel prices), location (accounting for regional fuel cost differences), and miles driven.

Electricity Cost: Similar to the gas cost, we calculate this based on date, location, and the amount of electricity consumed in kWh. The kWh consumed is based on mileage and the vehicle's fuel efficiency (miles per kWh).

Residual Value: This feature is coming soon, using Tenet’s proprietary data, which is currently used to provide loans. This will consider factors such as vehicle make, model, age, and condition, and is potentially depreciated based on proprietary algorithms.

Your savings are then calculated as the difference between the costs associated with your vehicle and a gas-powered equivalent.