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GOBankingRates
GOBankingRates
Nicholas Morine

How Much It Really Costs To Own a Tesla vs. a Toyota Over 10 Years

With Tesla pushing hard into the more affordable vehicle market in attempt to counteract the end of the federal EV tax credit, as Electrek detailed, the question of whether it’s actually more affordable to drop a bit more on a Tesla than more traditional vehicle brands (such as, for example Honda or Toyota) comes to the fore.

Pitting Toyota versus Tesla has never seem more ripe a comparison as EVs compete against traditional internal combustion engines (ICE) and hybrid models, and the primary question most have in mind is: How much does it actually cost to run both for a decade? Let’s take a look at the numbers.

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