Is owning a Tesla cheaper than a gas car?

According to Consumer Reports, EVs cost 10\%-40\% more than similar gas models of the same size and in the same segment. Over the life of the vehicle, however, owners save an average of $6,000-$10,000. The savings hold true for both cheaper and higher-end EVs.

Do electric cars cost more to maintain?

EVs can cost more to own than gas-powered vehicles, according to report. We Predict found that EVs are cheaper to maintain but may cost more to repair. On average, EV owners spend $7 to maintain their cars within the first year of ownership, while the average gas-powered car owner spends $30.

Do Tesla cars have high maintenance costs?

Since Tesla makes fully-electric cars, many of the standard maintenance items don’t apply. You never need an oil change, for example, and don’t have to worry about traditional fuel costs. Tesla maintenance costs are some of the lowest on the market, but the cars still carry a high price tag.

How much does it cost to repair a small Tesla?

It looks like $80 is the base amount that YourMechanic would charge for a small Tesla car repair. The highest repair cost for each model varies pretty widely. Even though these cars are easier to maintain, they’re still built with advanced technology.

How much does it cost to drive a Tesla Model S?

With 100 miles using 34kWh (about 100 MPG) and electricity costing an average of $0.12/kWh, the yearly cost to drive a Tesla Model S 15,000 miles is $612. Compare that to Toyota (TM) Camry’s 30 MPG and an average cost of gas of $2.40 per gallon. At 15,000 miles per year, the Camry will cost $1,200—almost double what the Tesla Model S costs.

What are the economics of owning a Tesla car?

The Economics of Owning a Tesla Car 1 Initial Cost. The initial cost of purchasing a Tesla Model S 85D is steep: $85,000 without any options or upgrades (the basic Model 3 starts at around $40,000). 2 No More Stopping for Gas. First, the biggest savings: no more expensive gas. 3 Other Savings. 4 The Math. 5 The Bottom Line.

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