Following up on my article comparing the Volkswagen ID.3 with the Volkswagen Golf on a 5 year cost of ownership basis, below are comparisons of the ID.3 against a few other top selling compact cars — the Skoda Octavia, Skoda Octavia Sport Edition, Renault Megane Life, Renault Megane GT Line, Peugeot 308 Access, and Peugeot 308 GT.
I’m not going to rehash the assumptions here. You can read those in the VW ID.3 vs. VW Golf story. I’m using primarily all of the same assumptions as in that comparison, just updating base pricing and fuel economy for the new models.
As you can see in all of these charts and tables, the most realistic base-price Volkswagen ID.3 beats high-trim and low-trim versions of the Skoda Octavia, Renault Megane, and Peugeot 308 in terms of 5 year cost of ownership. (Note, again, that significantly changing some of the assumptions in these analyses could flip the results.)
Also worth noting here is that Volkswagen stated upon revealing the ID.3 that it will offer “more room than any other vehicle in its category and sets new standards.” In other words, compared to all of these other highly popular compact cars, the ID.3 will have more space inside. So, it should feel like a larger vehicle to the driver and passengers despite still being a compact car.
Additionally, the ID.3 will have the benefit of a much smoother driving experience, a low center of gravity and handling benefits that result from that, and more advanced tech. Taken all together, the ID.3, like the Tesla Model 3 in its class, looks to be a considerably better vehicle than any gasoline or diesel competitor while also offering a lower 5 year cost of ownership. That makes it very hard to understand why anyone would buy another car in this class rather than the ID.3. Of course, one key reason for that is still lack of awareness — many consumers don’t know much about the ID.3, or electric cars in general, and certainly do not understand all of the benefits of the ID.3, including potential lower cost of ownership.
Will Volkswagen effectively communicate these benefits to consumers on a massive scale? Will Volkswagen have the supply chain in place to produce as many ID.3 cars as consumers want (and in a timely fashion)? Those are the big questions.
Feel free to try your own hand at total cost of ownership comparison by copying my Google Sheet and adjusting assumptions as you see fit.
- Volkswagen ID.3 vs. Volkswagen Golf — 5 Year Cost of Ownership Comparison
- Volkswagen Has An Opportunity To Bankrupt Top Competitors
- Volkswagen Books 10,000 Online Reservations For ID.3 Electric Car In First 24 Hours
- How Many Electric Vehicles Will Tesla, Volkswagen, & Nissan Sell In 2020–2025?
- Volkswagen ID.3 Arrives — Superb Mix Of Quality & Affordability
- Tesla Model 3 vs. Toyota Camry — 15 Cost Scenarios
- Tesla Model 3 Cheaper Than Honda Accord — 15 Cost Comparisons
- Nissan Altima & Maxima vs. Tesla Model 3 — Cost Comparisons Over 5 Years