Tesla Model 3 in-depth 10,000-mile cost-of-ownership analysis


This Tesla Model 3 cost-of-ownership follow-up premiered today. If you are in the market for a Model 3, another Tesla vehicle, or any EV for that matter, it is worth your time.

The Model 3 is the least expensive model of Tesla, but it is still not cheap. However, it is superior to many less compelling EVs, and is cheaper on its own. Alex Sibilla has owned his Model 3 for a little over nine months now, and despite its expensive cost, it is incredibly affordable.

Electric vehicles are generally inexpensive to own due to cheap “fuel” and low maintenance. How much will it cost you to own a Tesla Model 3 for nine months and 10,0000 miles? This short video completes it for you, and it breaks down into supporting sections such as taxes, depreciation, maintenance, charging and registration and fees.

Finally, Sibila estimates that their Model 3 cost them $ 1.03 per mile and everything considered so far. Tesla vehicles hold their value well, which helps a lot. Whether or not you charge at home depends on how much electricity is spent in your area, you may or may not enjoy the same savings as Alex. However, it is almost certain that you will save money on buying a gas car. Over the course of many years of ownership, hopefully, you can prove that owning a less-expensive gas car will cost you more.

Alex published his first Tesla Model 3 cost-to-video way back in February when he had just 5,000 miles on the car. He bought the car in November of 2019 and drove a good amount of miles on it in the first three months. However, due to the global epidemic, it probably took him twice as long as his second 5,000 miles for two months. We have embedded the previous video below for reference.

Watch the video and then tell us how closely it compares to your current electric car ownership experience. Can you really save a ton of money or is there still a need to lower prices for EVs compared to gas cars?

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