Total cost of ownership (TCO)

Bank of America Merrill Lynch: UK Tesla Model 3 & Other EV 3-Year Total Cost…

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.

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.