We’ve written about the total cost of ownership of automobiles for a decade, comparing the total cost of ownership of electric cars to the total cost of ownership of fossil-powered cars. The short and sweet of it is that due to lower operational and maintenance costs, as well as higher … [continued]
Three and change years ago, I went to the local Tesla shop and picked up this blue beauty (his name is Yan). It was my first EV, though my company owned a Nissan Leaf I drove around a bit so I was already pretty enthused about EVs. I’ve never been … [continued]
For commercial medium- and heavy-duty electric vehicles, the adoption of a new technology relies heavily on its cost relative to alternatives. A new report from the National Renewable Energy Laboratory (NREL) seeks to pinpoint the conditions for when battery electric or fuel cell electric commercial trucks offer economic advantages over … [continued]
A cool electric vehicle total cost of ownership calculator from a California utility (for its region), the horrible situation the state of Louisiana is in with regards to the coronavirus epidemic and COVID-19, coming gas station bankruptcies, and Elon Musk’s offer of ventilators to any hospital urgently needing them led CleanTechnica’s list of the most popular stories last week.
We’re quite fond of running and publishing total cost of ownership forecasts here, whether comparing the Tesla Model 3 with the BMW 3 Series, comparing the Tesla Model Y with the Mercedes-AMG GLE 63 S, or comparing the Volkswagen ID.3 with the Volkswagen Golf.
They explained that Mini was started as a reaction to the Suez Canal Crisis in the late 1950s, as a small affordable car that got good gas mileage. Later, they found they were fun to drive and the company enhanced them for racing. I know them for the extreme customization offered.
We’ve published numerous analyses of our own on the total cost of ownership of the Tesla Model 3 and Volkswagen ID.3 compared to top gasoline competitors. However, if you don’t trust research from CleanTechnica, perhaps you’ll find the work of a major international financial firm more palatable. A recently published report from Bank of America Merrill Lynch (BAML) that was passed along to CleanTechnica dove into this topic for the UK.
To regular readers of this column, it will be no surprise that Tesla’s Model 3 is cheaper on a total cost of ownership basis than competing luxury sedans from BMW and Mercedes, but a Toyota Camry? Model 3 is a state-of-the-art electric vehicle with a 5-star safety rating and a driving experience that’s gotten rave reviews from every auto mag under the sun. Is it possible that it’s even in the same price class as the entry-level, reliable-but-dull Camry?
Southern California Edison is ramping up its efforts to support electric vehicle buyers with the introduction of a new tool called SCE Cars that helps estimate the total cost of ownership in its jurisdiction.
This article is an update to my continuing series on the the “Total Cost of Ownership” (or TCO) of the Tesla Model 3 compared to other cars. See this article if you want more details on how I figured out the TCO for the Model 3.
