Let’s start out by being very clear — in no universe should a Tesla Model 3 be competing with a Toyota Corolla on cost. The Model 3 is, objectively, a vastly superior vehicle. It is far safer, tremendously quicker, has much higher tech, is larger, and is considerably more prestigious. The only reason we’re running this comparison is because, shockingly, the Tesla Model 3 does compete with the Toyota Corolla on cost.
When I got started on this analysis, I thought, “Well, looks like we finally have a car that is going to come out with a lower 5 year cost than a Tesla Model 3.” Nonetheless, I was super curious to see the results and see how close the Model 3 came to different Civic trims. I did not expect that the Model 3 would beat the Civic on cost in several scenarios. Does it? Does it, really?
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.
Since I published comparisons of the Tesla Model 3 and Honda Accord, I’ve been planning to conduct and publish 5 year cost of ownership comparisons between the Tesla Model 3 and BMW 330i. At last, here they are!
I’ve got another report here comparing the Tesla Model 3 to a top selling car in the USA.The Model 3 was the 5th best selling car in the USA in the second half of 2018, the 11th best in all of 2018, and the 13th best in the first quarter of 2019. The Toyota Camry was the top selling car in the USA in 2018 and has long been at or near the top of the list.
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.
Today’s electric vehicles are essentially big batteries on wheels, with a significant capacity to store and discharge energy. The average utilization of privately owned vehicles is 5%, meaning that the average battery on wheels is underutilized for the vast majority of its useful life.
We have the privilege and honor of covering some really cool products, events, and people here on CleanTechnica, and that makes it really easy to get caught up in the hype. A new car, a faster charging system, a longer-range e-bike, an internet-connected indoor air quality monitor, yeah, ok, so we’re geeks, but we’re cool with that.
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.
When I saw the new battery option, I knew I needed to update the total cost of ownership (TCO) model for the Model 3 and see how that affects the cost of ownership for potential customers.
