Factor in fuel savings, lower overall maintenance costs, and high resale value, and the Model 3 doesn’t cost as much to own as some might expect. In fact, it will probably cost you a lot less to own a $ 40,000 Tesla than a $ 40,000 gasoline car. Additionally, the Model 3 was found to be cheaper to own than gasoline cars which have much lower starting prices. This is especially true if you can take advantage of local discounts or incentives.
One day, hopefully, sooner or later we won’t have to worry about the cost of owning electric cars compared to gasoline cars. Indeed, electric vehicles can eventually achieve price parity with gasoline-powered cars. However, for now, it’s important to educate people about the savings associated with electric cars, as price is one of the biggest barriers to electric vehicle adoption.
The video above shows the total cost of owning a Tesla Model 3 over a four-year period. The timestamps and subjects are as follows:
01:15 Fuel / energy costs
09:47 Estimation of residual value
11:30 am Purchase price
07:34 Financial incentives and financial cost
08:49 Residual value and financing
Watch the video for all the details. So let us know if you agree. How much money have you saved by owning an electric vehicle?