Honda Accord

Perplexing Accord & Camry Buyers … 7 Year Old Tesla Model S Battery Degradation ……

The most popular CleanTechnica article of September did not have “Tesla” in the title, but if you read the piece, you can see the story is closely tied to the Tesla Model 3. The shock I just couldn’t stop shaking was about how many people continue to buy new Toyota Camrys and Honda Accords. Compared to the Model 3, I get it — even if they have the same 5 year cost of ownership (possible), they have a lower upfront price. That said, if $100–200 a month is a dealbreaker for someone looking at these options, my opinion is that they definitely shouldn’t be buying a new car at all. But hey, that’s just my opinion.

Tesla Model 3 vs. Honda Accord — Comparable 5 Year Cost to Own

I published an analysis the other day showing the Tesla Model 3 undercutting the Toyota Camry on a 5 year cost of ownership forecast. The plan for a while has been to update these cost of ownership comparisons since prices, tax credits, and other matters have changed in the past several months. I honestly did not expect the Model 3 to come out on top after all of the changes, but it clearly did so in the comparison with the Camry. With that comparison in mind, it’s pretty certain where a similar 5 year cost of ownership comparison with the Honda Accord is going to go.

~450,000 US Luxury Car Buyers A Year Are Lost

I wrote the other day about how crazy it is that there are still tens of thousands of Americans buying Toyota Camrys and Honda Accords month after month. Amidst the hundreds of thousands of views on that story, some people griped that the purchase price of a Model 3 is considerably higher than the purchase price of an Accord or Camry. A point I alluded to repeatedly is that the Model 3, despite a higher purchase price, may well have a lower 5 year cost of ownership than an Accord or Camry for many people. Yes, I’m sure there are some Accord and Camry buyers who couldn’t get financing for the ~$39,000 base price of a Model 3, but there are certainly many other Accord and Camry buyers who could quality for financing for a Tesla Model 3 — and then would reap financial savings over time while enjoying a much better car. But that’s all moot for the focus of this article — luxury cars.