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For those who understand the principles of production and operation of electric vehicles, it is not a big secret that the costs of maintenance and charging are much lower than for similar vehicles with an internal combustion engine. Consumers Report (CR) data confirms this, highlighting that customers save the most buying Tesla Model 3.
The total cost of maintaining and charging electric vehicles is significantly less than that of their petrol/diesel counterparts. Therefore, CR concluded that the lower costs compared to ICE vehicles more than offset the higher purchase price of the new BEV.
Source: Consumers Report
Furthermore, costs even among EVs also differ. According to the report, buying an electric vehicle can save customers between $6,000 and $10,000 than the best gas-powered vehicles in their class. At the same time, this amount rises to $15,000 and more if you own Model 3.
“The analysis found lifetime ownership costs for the most popular EVs on the market under $50,000 are typically $6,000 to $10,000 less than the best gas-powered vehicles in their class. Tesla's Model 3, the best selling EV on the market, delivered the biggest savings: at least $15,000 compared to both the BMW 330i (best selling) and Audi A4 (top rated).”
It's simple enough: If you buy a Tesla Model 3 instead of a BMW 330i, lifetime savings are $17,600 in total. And choosing a Tesla Model Y over a Lexus crossover will save $13,400.
Nissan Leaf and Chevrolet Bolt owners can expect to spend $6,000 less on the lifespan of their vehicles than if they bought a Honda Civic Hatchback. The savings on the Ford Mustang Mach-E compared to the Toyota RAV4 are only $3,000.
According to the report, owning a Tesla Model 3 or Tesla Model Y is the best deal.
© 2020, Eva Fox. All rights reserved.
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Article edited by @SmokeyShorts, you can follow him on Twitter
About the Author
Eva Fox
Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.
