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If you have solar on your house, that could reduce the electric cost yet more, presuming you have a system big enough for the home and the EV. Some electric companies have a reduced rate for charging EVs off-peak.
2) They’re off on the Camry’s 5 year average trade in and the Model 3’s they just made up using flawed assumptions (they make the statement EV’s are known to hold their value which hasn’t proved true on the rest of Tesla’s own lineup. The average trade in on a 5 year Model S is $29k (about 65% drop in value vs the Camry’s 60%)
3) insurance assumptions were severely optimistic. Tesla Model 3 on average run the same insurance as a Porsche 911. https://www.thetruthaboutcars.com/20...-study-claims/
Laughably, they also include a gradual insurance reduction for the Model 3 based on Elon’s Ambien induced Tweeting about Tesla starting their own insurance...lol. Not only would it shrink the insurance pool and is one of the dumber ideas ever thought up by Tesla, it hasn’t been mentioned since.
4) They have their head in the sand with maintenance and repair data. https://www.google.com/amp/s/techcru...-problems/amp/
The 5 year ownership period would put the Model 3 out of basic warranty and only a dealer can fix it at dealer prices.
They’re literally comparing the worst and most reliable vehicles and giving the edge to the least reliable....bias much?
EV propaganda websites frequently overstate the maintenance cost of ICE’s. Oil change intervals are now down to about every 10k (about 1 a year) and run about $70 for synthetic oil change without tire rotations (which are also required in EV’s).
What can you expect from CleanTechnica ...aka “Tesla’s propaganda machine”?
-Where they get the resale figures from? A five year old Camry goes for more than that.
-$4000 in maintenance in five years for a Camry? What maintenance has that been?
-Using the average males per year and average gas price, the fuel number is way, way inflated.
That figure is bs retarded. No brand new Toyota (hell no brand new average car) is gonna require 4K in maintenance in five years.
Yeah that’s just stupid.
Isn't there a cost for installing a charger at the home? Is that cost included?
It’s not. They assume everybody has a Tesla charger on their wall. You would have to add on another $1k or so for an electrician to wire it up and another $500 for the charger.
The analysis below finds that a Tesla Model 3 actually has a slightly lower cost of ownership over 5 years than a Toyota Corolla! I realize that there is some "windage" in any such analysis. However "fuel" cost being significantly lower is found in every analysis, and the powertrain of most EVs is significantly simpler than for an ICE car. At minimum, I think that this shows that the TCO is a lot closer than it appears at first. The Audi is found to have a far higher cost of ownership than the other two, which isn't going to shock most people.
Even for the general EV category, fuel cost IS significantly lower for EVs. Plus EVs have no transmission to service, and an electric motor is far simpler and has less to service than an internal combustion engine. These things do matter.
One of the costs to factor in is your time. With a fuel-powered vehicle, you pull into a station when you see one, fill your tank and go on your way. With an EV, you have to plan long trips around the location of charging stations. Then when you get to a charging station, you have to kill time waiting an hour plus for the vehicle to charge.
I have a coworker who has a Model 3. He brags about how little it costs him to drive, but he also complains about how much time it takes to travel, oblivious to the fact that he has brought this on himself by choosing to drive an EV. I like to take different routes and explore when I drive to new cities, so being constrained to certain routes and not being able to do all of my day's driving in a single chunk of time doesn't fit my lifestyle.
Even for the general EV category, fuel cost IS significantly lower for EVs. Plus EVs have no transmission to service, and an electric motor is far simpler and has less to service than an internal combustion engine. These things do matter.
No they do not. I haven’t needed to service a transmission in years (most units are now either sealed or require servicing at 100k-150k miles). The “simple” electric motors on Tesla is one of the reasons they have such poor reliability.
To their own calculations, they rated the the Camry just $.03 more per mile than the Tesla. Even the fuel cost are overblown on EV’s.
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