The Tesla Model 3 has been hailed as the future of electric vehicles, with its sleek design, impressive performance, and eco-friendly features. But how much does it really cost to run a Tesla Model 3? Is it as cheap as people say? In this blog, we will break down the actual running costs of owning a Tesla Model 3, comparing it to a petrol or gas car.
First, let’s talk about the cost of the car itself. Depending on the version and spec you choose, a Tesla Model 3 can cost anywhere between forty thousand pounds or thirty-five thousand dollars to sixty-five thousand pounds or sixty thousand dollars. Whether you purchase outright, lease, or finance, the purchase price of the Model 3 will be higher than a petrol or gas car of similar size and spec.
Next, let’s look at the charging costs. Charging at home and public charging each have their own costs, depending on the price per kilowatt-hour. For example, covering a thousand miles in range can cost roughly fifteen pounds or eighteen dollars, and covering twelve thousand miles a year can cost around a hundred and eighty-six pounds or two hundred and twenty-five dollars. This is significantly cheaper than driving a gas or petrol car, which can cost around thirteen hundred pounds or sixteen hundred dollars a year just for fuel.
Insurance for a Tesla Model 3 can be surprisingly affordable, with some drivers paying around four hundred and fifty pounds or five hundred and fifty dollars per year. Maintenance costs are also lower for a Tesla Model 3, with minimal service intervals and no need to replace brake pads due to regenerative braking.
When it comes to road tax or vehicle excise duty, there are no yearly tax bills for owning or driving a Tesla Model 3. Additionally, customization and mods for your Tesla may add to the overall cost of ownership.
In conclusion, the total cost to cover twelve thousand miles per year in a Tesla Model 3 is roughly six hundred and eighty-six pounds or eight hundred and forty dollars. Comparing this to a petrol car, the cost savings are significant, even when factoring in the purchase price of the car.
Owning a Tesla Model 3 may have a higher upfront cost, but the long-term savings on fuel, maintenance, and insurance make it a cost-effective choice for environmentally conscious drivers. If you’re considering purchasing a Tesla Model 3, be sure to use a referral link for additional benefits. Thank you for reading, and don’t forget to like and subscribe for more tech and Tesla content.
