I’ve been thoroughly digging through our archives lately and ran across a series of articles published in the middle of 2017 that seemed to be worth a refresh and rerun. These are simple comparisons I conducted between the Tesla Model 3 and other premium-class cars in its general price range and size. Let’s revisit how current BMW options compare to the Model 3, this time adding in some 5 year cost of ownership scenarios.
A recent analysis from ARK Invest indicates that the Tesla Model 3 (even the $44,500 Model 3 Long Range*) outcompetes the highly popular Toyota Camry on a total cost of ownership basis.
A four-year study by ICCT finds an electric Volkswagen Golf costs less to own than any other Golf model. Much of that is due to government incentives, which vary from country to country.
For this article, I wanted to correct and update estimates of the maintenance and repair costs of the Model 3 based on some research I’ve done. Aside from updating those figures and the total cost of ownership (TCO) conclusions, I also wanted to compare the Model 3 to a couple more cars.
