Ownership costs : Model 3 vs ICE vehicles

Ever wondered what the financial difference between owning an Tesla Model 3 vs a comparable ICE vehicle? Now you can check!

Considering whether to switch to electric vehicles or stick with the internal combustion engine cars you've driven all your life? If cost of ownership is important to you then we've got just the tool you need.

Owning an electric vehicle is very different in terms of purchase pricing and on-going maintenance and operation of the vehicle. A number of costs that you had become used to are non-existent with EV's. However since EV's are still pretty new to most people, it's not intuitive if purchasing an EV is the more cost effective option, and even if it is, how much are you really going to save? Wouldn't it be great to know!

This tool allows you to pick a version of the Model 3 and pit it against an equivalent ICE vehicle and determine and compare what the costs are for purchasing and owning/operating the vehicle for a projected period of time. We have set it up so all but one field (State!) is defaulted a the most expected value. Modify the fields that don't fit your situation to get a more customized assessment.

Analyze

Car Budget

Car Models

Interior

Tires

Paint

Autonomy

Maintenance

Gas/Elec. rates

Insurance/mo.

Owner/Purchase details

Country

State

Financing

Down payment

Rate%

Term

Trade-in Value

Driving Style

Miles per year

Years to own

Purchase time

Results

Conclusion

Which is better?

Lifetime cost

Model 3

ICEV

Lifetime cost

xxx

xxx

Asset cost

xxx

xxx

Oper. cost

xxx

xxx

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Research Links

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